Announced
Completed
Financials
Tags
China
electric vehicles
Automobiles
Acquisition
Domestic
Majority
Private
Friendly
Single Bidder
Completed
Synopsis
XPENG, a Chinese smart electric vehicle firm, completed the acquisition of the EV unit of DiDi, a mobility technology platform, for $744m. "DiDi has been dedicated to promoting shared, electric, and smart mobility. XPENG has established its leadership position in the Smart EV technologies and intelligent driving technologies. We will continue to deepen our cooperation with XPENG in multiple areas, driving transformation of the transportation and automotive industries," Cheng Wei, DiDi Chairman and CEO.
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