By Sherry Qin XPeng's shares rose sharply in Hong Kong after the electric-vehicle maker announced a strategic partnership with ride-hailing giant DiDi...
XPeng's shares rose sharply in Hong Kong after the electric-vehicle maker announced a strategic partnership with ride-hailing giant DiDi Global.
XPeng will acquire Didi's smart auto development business assets for 5.835 billion Hong Kong dollars , it said in an exchange filing on Monday. It will issue Class A ordinary shares at HK$64.03 per share to Didi, representing 3.25% of the company's outstanding shares. XPeng becomes"the first automotive manufacturing company will full support from the ecosystem of DiDi," it said. The two parties plan to explore cooperation in areas including marketing and robotaxis as well as financial and insurance services.
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