Gao He was acquired by Avita and is about to resume work？ Avita refutes rumors!

　　Has the era of mergers and acquisitions and integration of new car manufacturers arrived?

　　On April 8, there were rumors that "Avita has reached a merger and acquisition agreement with Gahe", which attracted a lot of attention; but in the evening, Avita Technology issued a statement to refute the rumors and clarify that the information was false.

　　After the Spring Festival in February this year, Gahe Automobile issued a shutdown announcement, and the company fell into a business crisis. Executives said that Gahe Automobile would have a window of up to three months to turn over and would actively strive to tide over the difficulties. Company executives also personally went live to bring goods. The market is also very concerned about which white knight will come to save Gahe Automobile in the future.

　　Avita refutes rumors

　　On April 8, the market uploaded the news that "Avita has reached a merger and acquisition agreement with Gahe", which attracted attention. According to relevant rumors,Avita Technologies, a subsidiary, is in acquisition talks with Cohe Automobile, and there are reports that the two sides are already restructuring their teams.

　　In the evening, Avita Technology issued an official statement saying, "Today, it is reported on the Internet that Avita has confirmed the acquisition of Gahe. I would like to clarify that this information is false. Avita will always adhere to the CHN model and strive to become a global high-end smart electric vehicle brand."

　　In fact, in February this year, there was also market news that it was interested in acquiring 51% of Gahe shares, and the two sides were already negotiating related matters. At that time, there were many photos of Ding Lei, the founder of Gahe Automobile, and Zhu Huarong, the chairperson of Changan Automobile, talking with Ding Lei on the Internet.

　　In this regard, Changan Automobile has repeatedly refuted rumors. On February 29, Changan Automobile clarified on the interactive platform that the online information such as "Changan Automobile acquires 51% of Gahe" and "Changan Automobile will take over Gahe Automobile" is untrue. In addition, the company also said that Ding Lei visited Changan Automobile’s global R & D center and discussed with Changan Automobile’s management teamExchanges in the development of the automotive industry, technical cooperation in intelligent connected vehicles, and capital operation are normal industry exchanges and business contacts.

　　Gahe Automobile is in a business crisis

　　Who will be the white knight to save the company in the future?

　　According to the official website, Avita Technology was established in 2018 and is committed to building an international high-end intelligent electric vehicle (SEV) brand. It is composed of Changan Automobile, Huawei,The three parties jointly built and empowered in the fields of vehicle R & D intelligent manufacturing, smart vehicle solutions and smart energy ecology. The three parties jointly created a leading new generation of intelligent electric vehicle technology platform CHN, which has three characteristics of "new architecture, strong computing, and high-voltage charging". At present, the company has launched a number of models such as Avita 11, 12, and 011.

　　The other protagonist of this rumor, Gaohe Automobile, was founded in 2017. Public information shows that Gaohe Automobile is a high-end pure electric vehicle brand under Chinese Express. The Gaohe Automobile brand was officially released in 2019. The founder Ding Lei once served asVice President and co-founder of LeTV. Since its establishment, Gahe Automobile has released a variety of models such as HiPhi X, HiPhi Z, and HiPhi Y.

　　However, starting from the second half of 2023, due to financing difficulties, poor sales and other issues, Gahe Automobile fell into a business crisis. After the Spring Festival in February this year, Gahe Automobile issued a six-month suspension of production.

　　On Feb. 22, the app issued a "Service Operation Guarantee Announcement in the Near Future," saying that in the face of internal and external pressures, the company has made major adjustments to its daily operations since Feb. 19 and is now fully taking various relief measures. The company also said, "During the special period, we are very sorry for pressing the pause button for some businesses and projects."

　　Ding Lei said that the window of up to three months for Hi-Hop to turn over, and he will actively strive to tide over the difficulties of Hi-Hop. "We will do everything we can to save this company. If we can’t save it, we will accept our fate, and we have fought hard anyway."

　　Since then, in order to save themselves, Gahe Auto executives personally led the team to start live streaming. Company officials said in the live stream that all the revenue from the live broadcast will be invested in Gahe Auto’s after-sales services.

　　It is worth mentioning that the rumor that "Avita has reached a merger and acquisition agreement with Qualcomm" spread today, and the Douyin live stream of Qualcomm Automobile was also very lively. On the evening of April 8, Fund Jun saw that the Douyin live stream of Qualcomm Automobile was still actively live, trying to sell goods.