Stock Groups

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


© Reuters

Sam Boughedda — 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.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.