Monday, 23 March, 2026
XPeng Acquires DiDi's Smart EV Assets for $744M, Accelerating Tesla Rivalry
By Isha
Chinese electric vehicle manufacturer XPeng has purchased DiDi's smart electric vehicle (EV) assets for $744 million, intensifying its competition with Tesla. The acquisition includes DiDi's EV engineering team, a production facility, and relevant intellectual property. This move signifies XPeng's commitment to expanding its presence in the EV market and enhancing its competitive position against other industry players like Tesla.
Read full story at Techcrunch