Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi

BEIJING — Chinese electric car company Xpeng said Monday it is buying Didi's smart electric car development business in an exchange of shares worth $744 million. The Chinese ride-hailing company will become a strategic shareholder of Xpeng, and the two companies are looking to cooperate in…#beijing #xpeng #hongkong #didi #volkswagen #vw #byd #liauto #davinciautoco #johnrosevear

Source: Reuters: Health - August 28, 2023 Category: Consumer Health News Source Type: news