On 24th, August 2023, HiPhi Auto of Human Horizons and PSBC signed a Strategic Cooperation Agreement in Shanghai. The two parties will focus on the cross-border integration of "Technological Innovation" and "Digital Financing" to provide superior quality and efficient auto financial services for customers across the country and better meet their full-life cycle financing needs. Tang Jun, Vice President of Finance of HiPhi Auto, Guo Tao, Deputy General Manager of PSBC Credit Card Center, and Gao Wen, Vice President of PSBC Shanghai Branch, attended the signing ceremony.

The two parties will utilize their competitive advantages to share resources, complement each other’s strength and explore scenarios together in an innovative and digital way by customizing its intelligent financial service system, which covers car purchase, tax payment, insurance, maintenance, vehicle decoration, etc., providing customers with one-stop and high-end financial services throughout the vehicle lifecycle. In addition, PSBC Credit Card Center will support HiPhi with its nationwide network system and strong financial resources

Since its establishment in 2007, PSBC, with excellent asset quality and significant growth potential, has been committed to serving the most dynamic customer base during China's economic transformation. Among them, automobile installment, as the most important installment business of the bank, ranked first in the industry both in the volume and overdraft scale in the first half of 2023. Relying on the world's largest number of branches and professional and complete personal financial service, PSBC Credit Card Center will provide HiPhi car owners with a comprehensive and customized financing solution, delivering a premium and efficient experience that is fitting to customers’ real needs.

HiPhi is a benchmark product for luxury electric vehicles, powered by Human Horizons, with avant-garde design, superior driving experience and industry-leading intelligence. Over the past five years, HiPhi has consistently followed its own development path, gaining recognition in the high-end market with the concept of direct access to users. The product, operation and service are recognized by customers and the market, who are fully aware that HiPhi is the choice for high-end electric vehicles. It has successively launched three models, HiPhi X, evolvable luxury electric supercar SUV, HiPhi Z, Digital GT and HiPhi Y, SUV featuring TechLuxe experience. All these three models stands out with outstanding performance in the luxury electric vehicle segment.

HiPhi and PSBC Credit Card Center have reached a consensus on promoting consumption upgrade jointly with one-stop, full-scenario, high-end financial services, and achieved mutual benefit and win-win results for users, banks and enterprises.