Tesla rival Xpeng acquires Chinese giant DiDi's smart EV assets for $744 million

In a bid to challenge Tesla's dominance, ride hailing giant Didi Global on Monday sold its smart EV assets to electric vehicle company Xpeng for nearly USD 744 million. DiDi Global and XPeng jointly announced a strategic cooperation where the two will collaborate to promote the global application of smart electric vehicles and technologies.

from Times of India https://ift.tt/6xDdhBC