"Saudi Wealth Fund Discusses Investment in Human Horizons EV"
...Source: CnEVPost Transcript: According to China EV Post, Saudi Arabia's Public Investment Fund is considering a $250 million investment in Chinese premium electric vehicle maker, Human Horizons. This investment would value the company at $3 billion. Human Horizons, which owns the HiPhi brand, is looking to raise up to $1 billion from private investors. The company's HiPhi X model starts at about $78,330 and its least expensive model, the HiPhi Y, starts at around $46,740. Saudi Arabia's investment is part of its plan to develop a domestic electric vehicle manufacturing industry.
About Human Horizons
Human Horizons Technology was a Chinese electric car manufacturer company based in Shanghai that made electric cars under the HiPhi marque. It operated a production and assembly smart plant in Yancheng, Jiangsu, and its parts boutique prototype factory in Jinqiao, Shanghai.
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