Bloomberg:

Filing: Didi plans to sell its smart car development arm to Xpeng, one of China's largest EV makers, for ~$744M in Xpeng stock, or a ~3.25% stake  —  - Xpeng shares surge in Hong Kong trading after deal announced  — Didi, Xpeng to launch mass-market EV brand in new partnership

Bloomberg:

Filing: Didi plans to sell its smart car development arm to Xpeng, one of China's largest EV makers, for ~$744M in Xpeng stock, or a ~3.25% stake  —  - Xpeng shares surge in Hong Kong trading after deal announced  — Didi, Xpeng to launch mass-market EV brand in new partnership

Source: TechMeme
Source Link: http://www.techmeme.com/230827/p7#a230827p7