HiPhi, a Chinese electrical lorry start-up, revealed a six-month production stop on February 18, the very first day back to work after the Lunar New Year vacation. The business did not divulge the factors for the choice.
Established in 2019, HiPhi has actually released 2 designs, the HiPhi X and HiPhi Z. However, the business has actually had a hard time in the Chinese market with frustrating sales. This production stop presents a substantial obstacle, and it stays uncertain whether they can resume production after 6 months.
According to reports, HiPhi staff members will get their routine incomes up until February 18. After that, staff members who stick with the business will just get base pay, and those in Shanghai will just get the regional base pay after March 15. Formerly, HiPhi likewise revealed postponed January wages, cancelled year-end bonus offers, and company-wide pay cuts.
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