China's Xpeng to take over Didi's smart EV unit, shares soar

Premium stage: An XPeng Inc G9 electric vehicle at the Shanghai Auto Show. - Bloomberg

HONG KONG: Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi's smart electric vehicle unit and the two companies will form a strategic partnership.

Xpeng's shares surged around 15% in early Monday trade.

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Xpeng , Didi , EV , MONA

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