Chinese EV maker XPeng (XPEV) announced Monday it plans to buy out Didi Global’s Smart electric car division. XPeng revealed the partners will launch a new mass-market EV brand next year with a starting price of around 150,000 RMB (roughly $20,500).
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NEVS has been accumulating some massive orders for its electric vehicles, but now one of the biggest orders to date has apparently fallen through as Didi reportedly pulls out of the project.
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The Renault-Nissan-Mitsubishi alliance announced today that it has signed a memorandum of understanding (MOU) with China’s mobility giant Didi, also known as “China’s Uber”, to “explore future business cooperation on a new electric vehicle car-sharing program” in China.
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Didi, China’s massive ride-sharing company, has been making some moves in the EV space lately.
They now claim to be ‘the world’s largest EV fleet operator’ with 260,000 EVs in their network, which is why they are launching a new charging network to support its drivers.
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SAAB successor National Electric Vehicle Sweden (NEVS) and DiDi Chuxing, China’s Uber, have signed an agreement to collaborate on making electric cars for DiDi’s highly popular ride-sharing network.
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Reuters this evening reports that Apple is investing $1 billion in Chinese ride-hailing service Didi Chuxing. In a statement, CEO Tim Cook explained that the investment will give Apple a chance to learn more about certain segments of the Chinese market, while it will also deliver a strong return.
