Xpeng Soars After Buying Didi Unit to Consolidate Market

Chinese electric vehicle company Xpeng has agreed to acquire Didi Global's smart-car development arm in a $744 million deal, which will eliminate a potential competitor and provide Xpeng with a tech-savvy partner for a new venture.

yahoo.com

Relevant topic timeline:

8/3/2023

Xpeng’s head of autonomous driving quits, rumored to join Nvidia

The main topic is the resignation of Xpeng's vice president of autonomous driving, Xinzhou Wu, and the impact it may have on the company's autonomous driving path. Key points include: - Wu played a pivotal role in helping Xpeng gain an edge over its EV rivals in the intelligent driving race. - Xpeng is recognized for its in-house, full-stack development team responsible for creating the advanced driver assistance system Xpeng Navigation Guided Pilot (XNPG). - Xpeng aims to reduce the number of manual takeovers per 1,000 kilometers when using its highway navigation to one or fewer by the end of 2023. - Tesla has not made its Full Self-Driving (FSD) system available in China yet. - Wu may be taking up a senior position in Nvidia's autonomous driving division. - Xpeng recently announced a promising investment from Volkswagen for co-developing electric vehicle models for the Chinese market. - Wu's resignation marks the end of an era at Xpeng and highlights the talent loss for the company. - The resignation comes amid escalating tensions between the US and China, leading to downsizing of Chinese tech giants' US operations.

8/28/2023

Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more

Chinese electric vehicle company Xpeng's U.S.-traded shares rose 5% premarket after announcing its acquisition of Didi's smart electric car business for $744 million.

8/28/2023

XPeng Stock Surges on Plan to Buy DiDi’s Smart Vehicle Unit

XPeng stock surges as investors respond positively to the company's plan to acquire DiDi's smart vehicle unit.

9/4/2023

UPDATE 1-Xpeng says it plans to expand into more European markets next year

Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain, and France in 2024, following its successful entry into the Netherlands and Norway.

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Posted 8/28/2023, 8:50:57 AM

Xpeng Soars After Buying Didi Unit to Consolidate Market

yahoo.com

Relevant topic timeline:

8/3/2023

Xpeng’s head of autonomous driving quits, rumored to join Nvidia

8/28/2023

Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more

Chinese electric vehicle company Xpeng's U.S.-traded shares rose 5% premarket after announcing its acquisition of Didi's smart electric car business for $744 million.

8/28/2023

XPeng Stock Surges on Plan to Buy DiDi’s Smart Vehicle Unit

XPeng stock surges as investors respond positively to the company's plan to acquire DiDi's smart vehicle unit.

9/4/2023

UPDATE 1-Xpeng says it plans to expand into more European markets next year

Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain, and France in 2024, following its successful entry into the Netherlands and Norway.