Lizhi Inc Signs In-Car Audio Partnership Deal with HiPhi
By Sam Boughedda
Investing.com — Lizhi Inc (NASDAQ:LIZI), the Chinese audio-based social and entertainment platform, has partnered with electric vehicle manufacturer HiPhi on in-car audio technology, the company announced Monday.
Lizhi shares initially rose premarket but currently sit around the $1.67 mark, down 4.9%.
The partnership has already resulted in the integration of Lizhi's in-car audio products into HiPhi's in-car entertainment systems.
Shanghai-based HiPhi is a new automotive brand by Human Horizons. According to the press release, it "leverages collaborative innovation with users in order to develop the ultimate luxury smart electric vehicle." HiPhi X is its flagship model and was launched in China in May.
"We are delighted to partner with HiPhi as part of our ongoing strategy to apply LIZHI's in-car products to a broad range of usage scenarios," stated Jinnan Lai, Founder and Chief Executive Officer of Lizhi.
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