Xpeng Acquires Didi’s Smart EV Assets for $744M, Forms Strategic Partnership

  • Chinese EV maker Xpeng is set to purchase Didi’s smart EV assets for $744M and initiates a strategic partnership.
  • The acquired assets will become a new sub-brand ‘Mona’ under Xpeng, with operations extending to marketing, insurance services, charging and global expansion.
  • Xpeng’s partnership with Didi has potential to increase its EV adoption by tapping into Didi’s user base of hundreds of millions in China and beyond.
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