China's Xpeng to acquire Didi's smart EV unit in deal worth up to US$744 million

Xpeng Soars After Buying Didi Unit to Consolidate Market

Xpeng Inc.’s shares soared after it agreed to buy Didi Global Inc.’s smart-car development arm in a deal that both eliminates a potential competitor in the crowded electric-vehicle market and gives it a tech-savvy partner in a new venture.

Didi/Xpeng: EV deal will help both companies speed up profit goals

Tie-up will give carmaker and ride-hailing group a better shot at profitability

Tesla rival Xpeng kills two birds with one stone by inking deal with China's ride-hailing giant Didi

Easing investor concerns about sluggish sales, the U.S. listed Chinese EV maker won a tech-savvy partner while eliminating a potential competitor at the same time.

China's Xpeng to acquire Didi's EV unit in deal worth up to $744 mln

Chinese EV maker Xpeng said it would buy Didi's electric car development business - a deal worth up to $744 million that will see it supply vehicles to the ride-hailing giant, boosting production and cutting costs.

China EV giant XPeng to buy rival for more than $740M

BEIJING  -Chinese electric car giant XPeng said Monday it would buy the EV subsidiary of ride-hailing platform Didi for more than $740 million and launch a new brand of vehicles. Founded in the southern province of Guangdong in 2015, XPeng is one of dozens of Chinese startups to emerge in recent years to take advantage The post China EV giant XPeng to buy rival for more than $740M appeared first on Inquirer Business.

China's Xpeng to acquire Didi's smart EV unit in deal worth up to $744m

HONG KONG (Reuters) -- Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi's smart electric vehicle (EV) unit in a deal wo