Sunday, August 27, 2023

Didi says it has agreed to sell its smart car development arm to Xpeng, one of China's largest EV makers, for ~$744M (Bloomberg)

Bloomberg:
Didi says it has agreed to sell its smart car development arm to Xpeng, one of China's largest EV makers, for ~$744M  —  Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for HK$5.84 billion ($744 million), exiting a promising business in the world's largest electric vehicle market.



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The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...