Media reports state that the first strategic investment from a Hong Kong investment firm has been received by HiPhi, with company executives confirming plans to officially announce "resurrection" news at the end of April or early May.
HiPhi issued a statement in response to the lawsuit filed by Faraday Future, denying that Chinese entrepreneur Ding Lei and related companies of Human Horizons have infringed upon its trade secrets and engaged in unfair competition.
