All articles tagged with #didi
In China's ride-hailing industry, drivers and passengers face issues with car odors, prompting companies like DiDi to implement policies to improve cleanliness amid economic hardships and increased consumer expectations, while critics argue these measures may be superficial and overlook deeper labor issues.
Focus Features has acquired the rights to "Dìdi," a coming-of-age drama that won the U.S. dramatic audience award at Sundance. The semi-autobiographical film, written, produced, and directed by Sean Wang, follows a 13-year-old Taiwanese American boy in the summer before high school. The film has received critical acclaim and is set to resonate with audiences. Additionally, Wang's previous short documentary, "Nǎi Nai & Wài Pó (Grandma & Grandma)," won awards and was acquired by Disney+.
XPeng's stock surges as investors react positively to the company's plan to acquire DiDi's smart vehicle unit.
XPeng's stock surges as investors react positively to the company's plan to acquire DiDi's smart vehicle unit.
The Federal Trade Commission (FTC) has suspended its challenge of Amgen's acquisition of Horizon Therapeutics to review a potential settlement, causing Horizon Therapeutics shares to rise. Chinese EV maker XPeng announced a strategic partnership with ride-hailing provider Didi, leading to a 4.5% increase in XPeng's ADRs. 3M has agreed to pay over $5.5 billion to settle lawsuits over defective combat earplugs sold to the U.S. military. Fisker shares rose after the company announced its expansion into more European markets. Alibaba and JD.com ADRs increased after China announced a reduction in the tax on security transactions in its stock markets.
Chinese electric car company Xpeng is acquiring Didi's smart electric car development business in a $744 million deal, making Didi a strategic shareholder of Xpeng. The two companies plan to collaborate in various areas, including marketing, financial and insurance services, charging, robotaxis, and international expansion. Xpeng's shares surged over 13% following the announcement. With the new assets from Didi, Xpeng aims to launch an affordable electric car under a new mass market brand next year. This deal comes as companies seek opportunities in China's competitive electric car market. Xpeng had previously signed a deal with Volkswagen to develop electric cars for China. Both Xpeng and Didi have been operating at a loss, but the partnership is expected to strengthen their positions in the market.
Chinese electric vehicle company Xpeng is acquiring the smart EV assets of ride-hailing giant Didi for $744 million, forming a strategic partnership to promote the global application of smart electric vehicles and technologies. The Didi assets will become a new sub-brand called "Mona" under Xpeng, scheduled to launch in 2024. This follows Xpeng's recent partnership with Volkswagen and aims to boost Xpeng's brand exposure and customer reach. The partnership could help Xpeng tap into Didi's extensive user base and expand into new international markets. Didi, on the other hand, sheds its smart car business to focus on strengthening its dominance in China's ride-sharing market. The potential for collaboration in the autonomous vehicle realm remains uncertain.