XPeng Inc. (XPEV) to Acquire Didi's Smart Auto Development Business For $744M

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Go back to XPeng Inc. (XPEV) to Acquire Didi's Smart Auto Development Business For $744M

XPENG to Expand in A-class Smart EV Segment through Strategic Partnership with DiDi

August 27, 2023 8:30 PM EDT

XPENG aims to launch an A-class Smart EV model under a new brand in 2024, currently being developed under the project name MONA XPENG and DiDi have formed a strategic partnership to accelerate the adoption of Smart EV and technologies in the mass market segment XPENG will issue Class A ordinary shares of the Company, representing approximately 3.25% of the Company's outstanding share capital upon completion of the issuance, to acquire assets related to DiDi's Smart EV project

GUANGZHOU, China--(BUSINESS WIRE)-- XPENG Inc. (XPENG or the Company, NYSE: XPEV and HKEX:... More