DiDi and XPeng to Form A Strategic Cooperation
On August 28, 2023, DiDi Global Inc. (“DiDi”) and XPeng Inc.
(“XPeng”) jointly announced a strategic cooperation, pursuant to
which Didi and XPeng will collaborate to promote the global application of
smart electric vehicles (“Smart EVs”) and technologies, driving
the transformation of the transportation and automotive industries.
DiDi focuses on providing users with more affordable and smart mobility
solutions, aspiring to contribute to industry transformation as a service
provider by exploring innovation in hardware and software solutions.
As part of this strategic cooperation with XPeng, DiDi will sell certain
business assets related to its Smart EV development project to XPeng, with
which XPeng aims to launch an A-class Smart EV model in 2024, currently being
developed under the project name “MONA”. The new model and brand
will be differentiated from XPENG-branded products and its main brand.
The strategic cooperation will also extend to areas such as marketing,
financial insurance services, charging and international expansion.
"As a world’s leading mobility technology platform, DiDi shares
XPENG’s vision of shaping the mobility experience of the future with
technology. XPENG's A-class Smart EV products under the new brand will not
only significantly increase our scale, but also accelerate the adoption of our
Smart EV technologies in the mass market segment, bringing our technologies to
a much broader customer base," said Mr. He Xiaopeng, Chairman and CEO of
XPENG. "Furthermore, both parties will explore cooperation opportunities in
various areas. XPENG will continue to create value and capture growth
opportunities in the mobility ecosystem as well as in autonomous driving."
Mr. Cheng Wei, Chairman and CEO of DiDi, said, "DiDi is dedicated to promoting
shared, electric, and smart mobility. XPENG has established its leadership
position in the Smart EV technologies and intelligent driving technologies. We
will continue to deepen our cooperation with XPENG in multiple areas, driving
transformation of the transportation and automotive industries."
The future of electric, connected, smart and shared mobility will bring more
collaboration opportunities. As industry leading companies, DiDi and XPeng
will work together to accelerate the adoption of Smart EVs and explore future
opportunities together.
About DiDi Global Inc.
DiDi is a leading mobility technology platform. It offers a wide range of
app-based services across Asia Pacific, Latin America and other global
markets, including ride hailing, taxi hailing, chauffeur and other forms of
shared mobility as well as certain energy and vehicle services, food delivery,
and intra-city freight services.