Filing: Didi plans to sell its smart car development arm to Xpeng, one of China's largest EV makers, for ~$744M in Xpeng stock, or a ~3.25% stake (Bloomberg)
Bloomberg:
Filing: Didi plans to sell its smart car development arm to Xpeng, one of China’s largest EV makers, for ~$744M in Xpeng stock, or a ~3.25% stake — – EV makers buys Didi smart-car unit in $744 million stock deal — Didi, Xpeng to launch mass-market EV brand in new partnership