{"id":599955,"date":"2023-08-28T11:34:12","date_gmt":"2023-08-28T06:04:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=599955"},"modified":"2023-08-28T11:34:12","modified_gmt":"2023-08-28T06:04:12","slug":"chinas-xpeng-to-acquire-didis-smart-ev-unit-in-deal-worth-up-to-744-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chinas-xpeng-to-acquire-didis-smart-ev-unit-in-deal-worth-up-to-744-million\/","title":{"rendered":"China&#8217;s Xpeng to acquire Didi&#8217;s smart EV unit in deal worth up to $744 million"},"content":{"rendered":"<p>Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi&#8217;s smart electric vehicle unit and the two companies will form a strategic partnership.<\/p>\n<p>Xpeng&#8217;s shares surged around 16% in early Monday trade.<\/p>\n<p>As part of the deal, which could be worth as much as $744 million, Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi&#8217;s smart electric vehicle unit and the two companies will form a strategic partnership. Xpeng&#8217;s shares surged around 16% in early Monday trade. As part of the deal, which could be worth as much as $744 million, Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-599955","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=599955"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599955\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=599955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=599955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=599955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}