"So we now have this 9-year-old smart EV startup invested by one of the world's largest automakers and the world's largest ride-hailing mobility platform."
Xpeng to buy Didi's smart electric vehicle project, Da Vinci, to develop a smart, compact EV in an effort to make smart driving more popular in the mid-end market. Mass production is expected in 2024, with a price of around 150k yuan (Xpeng cars are over 200k yuan).
Powerful Chinese regulator Cyberspace Administration of China (CAC) ordered all country's app stores to remove the app of the ride-hailing giant. CAC announced on...