Tag: Didi

  • China’s Didi is selling its smart EV business to Xpeng for $744Mn

    In a significant development within the Chinese electric vehicle (EV) landscape, Xpeng Motors, a prominent EV startup, has decided to acquire the smart EV development business of Didi Global. As part of the deal, Xpeng will issue around 3.25% of its shares to Didi at HK$64.03 per share, establishing the ride-hailing giant as a strategic…