China's Xpeng to Acquire Didi's Smart EV Unit

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Credit: Visual ChinaBEIJING, August 30 (TiPost) – Chinese electric vehicle maker Xpeng announced on Monday that it has signed a share purchase agreement with Didi and its subsidiary.Xpeng will issue Class A ordinary shares, representing approximately 3.25% of the company’s outstanding share capital upon completion of the issuance, to acquire the assets and R&D capabilities of Didi's smart electric vehicle