Tesla’s China rival Xpeng buys ride hailing giant Didi’s smart EV assets for $744M

TechCrunch
By Rita LiaoAug 27, 2023, 10:45 pm235 ptsTrending
Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of ride hailing giant Didi for $744 million, marking another significant alliance that the Tesla challenger has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to “promote the…

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