According to information from Tianyancha, an additional equity freeze information was added for Human Horizons Holding (Shanghai) Co., Ltd. The enterprise whose equity was enforced is Human Horizons (Jiangsu) Technology Co., Ltd., the frozen equity amount is 300 million yuan, the freeze period is from July 15, 2024 to July 14, 2027, which lasts for 1094 days, and the enforcement court is the First Intermediate People’s Court of Shanghai. As of the time before the release of this article, the specific reasons for the equity being frozen have not been temporarily disclosed by the official.
Human Horizons Holding (Shanghai) Co., Ltd. was established in February 2019, the legal representative is Ding Lei, the registered capital is 253.112387 million yuan, and the paid-in capital is 252.0353 million yuan. The company is wholly-owned by Human Horizons Investment Co., Ltd. At present, the company has a total of 14 equity freeze information, all of which were frozen in 2024. At the same time, the company also has a number of court announcements, there are 2 consumption restriction orders and 4 persons subject to enforcement, and the total amount of enforcement is 992,600 yuan.
And Human Horizons (Jiangsu) Technology Co., Ltd. was established in September 2017, the legal representative is Ding Lei, and both the registered capital and the paid-in capital are 1 billion yuan. It is an enterprise mainly engaged in research and experimental development. The company is jointly held by Human Horizons Holding (Shanghai) Co., Ltd. and Jiangsu Yueda Automobile Group Co., Ltd., among which the former accounts for 80% and the latter for 20%.
Human Horizons (Jiangsu) Technology Co., Ltd. also has many lawsuits. Among them, there are 132 court announcements, and most of the case reasons are disputes over sales contracts and service contracts; there are 2 persons subject to enforcement, and the total amount of enforcement is 805,700 yuan; there are 25 equity freezes, all of which were frozen in 2024.
According to the data, Human Horizons is the parent company of HiPhi Automobile. The former was founded by Ding Lei in 2017 and takes the “three wisdom” of smart cars, smart and fast transportation, and smart cities as the strategic layout. It is an innovative travel technology company focusing on the future intelligent transportation industry; the latter focuses on the luxury smart pure electric brand and was founded in July 2019. The founder is Ding Lei.
Compared to “Weilai, Xiaopeng, and Ideal”, HiPhi Automobile, which is also a new power brand, does not have much presence. On the one hand, its brand awareness is not high, and on the other hand, the product price is relatively high. At present, the models on sale under HiPhi Automobile include a total of 3 models such as HIPHI X, HiPhi Z, and HiPhi Y. The retail data shows that the sales volume of HiPhi Automobile in 2023 was 4829 units, and only 272 units from January to February this year. Since then, HiPhi Automobile has fallen into a state of suspension of work and production.
At present, HiPhi Automobile is already in a mess. On February 18 this year, HiPhi Automobile announced a 6-month suspension of work and production. Since then, HiPhi Automobile has carried out active self-rescue. Ding Lei once appeared at the Shanghai headquarters, took the initiative to apologize to employees and the majority of HiPhi owners, and pointed out that the window period for HiPhi Automobile to turn around is at most three months, and will actively strive and is not willing to end just like that. During this period, there were rumors in the market that many car companies wanted to acquire HiPhi Automobile, including the high-end brand of Changan Automobile, Avatr Technology, FAW Group, Lifan Technology, etc., but these messages have not been officially confirmed. And since HiPhi Automobile stopped, both Human Horizons and Ding Lei have been restricted from high consumption.
At present, HiPhi Automobile urgently needs the “rescue” of external funds. On May 16, HiPhi Automobile’s parent company Human Horizons and the iAuto Group officially signed a comprehensive strategic cooperation agreement. iAuto plans to invest more than 1 billion US dollars to support HiPhi Automobile to resume business operations and vehicle production. The agreement will be completed before the release of the financial report in the first half of 2024. The next day, HiPhi Automobile’s parent company Human Horizons issued an announcement on the working group during the company’s reorganization and decided to establish a reorganization working group and a joint operation working group.
Nowadays, HiPhi Automobile still faces severe survival problems and has not yet had a clear self-rescue path. This time, the 300 million yuan equity of the company under Human Horizons was frozen, which undoubtedly made the HiPhi Automobile, which is already in deep trouble, even worse.
