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.

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8/28/2023

China's Xpeng to acquire Didi's smart EV unit in deal worth up to $744 mln

Chinese electric car company Xpeng will acquire Didi's smart electric vehicle unit in a strategic partnership, with Xpeng's shares surging 16%, and plans to launch a new A-class model under the brand MONA to expand in the mass-market segment.

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.

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.

9/4/2023

BYD, XPeng Stocks Rise. Chinese Brands Face Off With Tesla at Key Auto Show.

Chinese car makers BYD and XPeng saw their stock prices rise ahead of a major auto show where they will compete with Tesla, which is making its first appearance at the event in Munich.