XPeng Motors, China’s main clever electrical automobile producer, and the worldwide excellent mobility platform Didi collectively introduced a strategic partnership. The two events will leverage their respective benefits and sources to advertise the large-scale software of clever electrical automobiles and associated applied sciences, accelerating the implementation of “technology inclusiveness and smart equality.” Through this collaboration, XPeng Motors will formally enter the multi-brand technique section, additional strengthening its technological aggressive benefit within the A-level market merchandise. This will make clever driving expertise a normal characteristic within the mainstream segmented market, resulting in a brand new period of electrical intelligence.
As the core of this strategic cooperation, an A-class clever electrical automobile will enter the market as XPeng Motors’ first product beneath its new model, with mass manufacturing anticipated to start in 2024. The mission is codenamed “MONA”. The new model mannequin may have a differentiated positioning from XPeng‘s present model merchandise. At the identical time, Didi will open up its full ecosystem empowerment for XPeng Motors for the primary time, offering sturdy help in a number of dimensions corresponding to clever cockpit, clever driving, and shared mobility marketplace for “MONA”. This will assist XPeng Motors create in style fashions within the worth vary of round 150,000 RMB and additional speed up the applying and popularization of autonomous driving help and clever cockpit applied sciences in international markets.
To promote a long-term win-win strategic partnership, XPeng Motors will problem 3.25% of its whole share capital in Class A typical inventory upon completion of the transaction, buying property and analysis and improvement capabilities associated to Didi’s sensible electrical automobile mission. Didi will grow to be a strategic shareholder of XPeng Motors, with a lock-up interval of 24 months for the preliminary shares.
XPeng Motors has grow to be the primary automobile firm to obtain complete help from Didi’s ecosystem. Both events will discover long-term cooperation alternatives for mutual profit in numerous areas, together with the operation of XPeng fashions on the Didi platform, model advertising, monetary insurance coverage providers, charging facility development, Robotaxi, and cooperation in worldwide markets.
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CEO He Xiaopeng of XPeng Motors said, “As a globally outstanding mobility platform, Didi shares the same corporate vision with XPeng Motors in leading future travel through technology. The launch of XPeng‘s new brand and products will not only enhance market share through economies of scale but also accelerate the popularization of intelligent driving technology, enabling a wider range of users to enjoy the convenience brought by technological inclusiveness in travel. The collaboration between XPeng and Didi will also enhance both brands’ commercial value and expand into multiple potential areas, leading XPeng Motors towards electrification, intelligence, sharing, and internationalization in the long term. This partnership aims to create the next generation smart mobility ecosystem and explore intelligent driving business models for tremendous growth opportunities.”
Douyin Chairman and CEO Cheng Wei said, “Douyin has always been committed to promoting the sharing, electrification, and intelligence of the transportation market. XPeng Motors has leading technological advantages in the field of intelligent electric vehicles and also possesses deep accumulation in automotive intelligence technology. Both parties will continue to deepen cooperation in multiple areas to jointly promote the transformation of transportation and automotive industries.”
The developments of electrification, connectivity, intelligence, and sharing within the automotive business are giving delivery to extra high-quality collaborations throughout numerous sectors. As main representatives within the fields of clever driving and shared mobility, Xiaopeng Motors, and Didi will work collectively facet by facet to speed up the large-scale software of clever electrical automobiles and discover infinite potentialities.
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