XPENG completed the acquisition of the EV unit of DiDi for $744m.

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.