XPeng buying Didi's Smart electric car unit to launch new affordable EV brand in 2024
August 28, 2023
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).
XPeng to launch new affordable EV brand
According to the new agreement, XPeng will become the first automaker with support from Didi’s…