\n
Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of Didi, China\u2019s ride hailing giant, marking another significant alliance that the Tesla challenge has struck in recent months.<\/p>\n
In an announcement on Monday, Didi said the duo is forming a strategic partnership to \u201cpromote the global application of smart electric vehicles and technologies.\u201d The amount of the deal wasn\u2019t disclosed.<\/p>\n
Notably, the Didi assets will become a new sub-brand called \u201cMona\u201d under Xpeng, which is scheduled to launch in 2024.\u00a0The partnership also extends to areas including marketing, financial insurance services, charging and international expansion.<\/p>\n
The news followed on the heels of Volkswagen\u2019s $700 million investment in Xpeng which would see the production of two new models under the Volkswagen brand utilizing XPeng\u2019s key ADAS technologies.<\/p>\n
More to come \u2014 this is a developing story\u2026<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of Didi, China\u2019s ride hailing giant, marking another significant alliance that the Tesla challenge has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to \u201cpromote the global application of smart electric vehicles and technologies.\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-95218","post","type-post","status-publish","format-standard","category-technology"],"yoast_head":"\n
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