China's Xpeng to acquire Didi's EV unit in deal worth up to $744 million
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/20/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
XPeng (XPEV) to acquire smart EV assets from China's Didi for $744M
August 28, 2023 8:17 AM EDTXPeng Inc. (NYSE: XPEV) announced Monday that the Chinese electric vehicle startup will, be acquiring the smart EV assets of ride hailing giant Didi for $744 million. Didi said the duo is forming a strategic partnership to promote the global application of smart electric vehicles and technologies.
According to Xpengs announcement, the company will issue A-class ordinary shares to fund the purchase. XPeng will issue ~3.25% of its outstanding shares upon completion of the issuance if all conditions apply. DiDi will also become a shareholder in XPeng, with a lock-up period of 24... More
