Automakers

Xpeng to acquire Didi's smart EV unit in deal worth up to $744M

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(BLOOMBERG)
R
By:
Reuters
August 28, 2023 09:08 AM

HONG KONG -- Chinese EV maker Xpeng said it would buy Didi's electric car development business in a deal worth up to $744 million that will see it supply vehicles to the ride-hailing giant, boosting production and cutting costs.

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