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Lizhi Inc Signs In-Car Audio Partnership Deal with HiPhi -Breaking

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© Reuters

Sam Boughedda

Investing.com — Lizhi Inc (NASDAQ:)The Chinese social- and entertainment platform based on audio has announced that it is partnering with HiPhi, an electric vehicle manufacturer, to develop in-car stereo technology.

Lizhi shares rose initially premarket, but now sit at the $1.67 mark. This is down 4.9%.

This partnership already saw the integration of Lizhi’s car audio products in HiPhi’s car entertainment systems.

Human Horizons has launched a brand new automobile brand, HiPhi in Shanghai. The press release states that it uses collaborative innovation to create the best luxury, smart-electric vehicle. HiPhi X was its flagship model. It launched in China last May.

Jinnan Lai, Chief Executive Officer and Founder of Lizhi stated that HiPhi is delighted to be partnered with them.

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