DIDIY / XPeng: Investors Overreact To DiDi Deal

When Didi created an autonomous vehicle subsidiary in 2020, the venture was seen as a Chinese counterpart to Uber's AV unit. The tides of change have more_horizontal

XPeng announced that it is acquiring DiDi Global's smart vehicle unit for $744M and that it will develop a new low-price EV brand in FY 2024. The glob more_horizontal

Chinese EV company Xpeng (XPEV) announced that it will be buying Didi's smart car unit in a deal worth up to $774 million. Yahoo Finance Reporter Pras more_horizontal

Chinese electric vehicle (EV) manufacturer Xpeng Inc (NYSE:XPEV) has announced a major acquisition, striking a deal worth up to $744 million to purch more_horizontal

XPeng (NASDAQ: XPEV ) stock rose 8% on Aug. 25 and another 5% over the weekend after announcing it will buy smart EV assets from China's DiDi Global more_horizontal

Xpeng Inc. agreed to buy Didi Global Inc.'s smart-car development arm in an all-stock deal that will see Didi emerge with a 3.25% stake in Xpeng. Bria more_horizontal

Chinese electric car company Xpeng has signed yet another joint car production deal. more_horizontal

XPeng's shares rose sharply in Hong Kong after the electric-vehicle maker announced a strategic partnership with ride-hailing giant DiDi Global. more_horizontal