Chongqing Changan Automobile Company Limited (SZSE:000625), is in talks to take over struggling Chinese electric vehicle maker Human Horizons, financial news outlet Yicai reported, citing Changan Chairman Zhu Huarong. Ding Lei, founder of Shanghai-based Human Horizons which makes the Hiphi-branded EVs, met Zhu in Chongqing on Feb. 27, Yicai added, citing a separate person it didn't name.

Changan Auto confirmed the meeting between Ding and Zhu in a response to Reuters but declined to comment on the reported talks of acquisition or merger. Human Horizons didn't immediately respond to a request for comment.