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$XPENG-W (09868.HK)$Details of the collaboration between Xiaopeng & Didi:
1. Xiaopeng acquired Didi's intelligent driving business and assets at a total consideration of 5.835 billion Hong Kong dollars (744 million US dollars).
2. The acquisition consideration was completed in the form of additional shares, up to 91.13 million additional shares, accounting for about 5% of the expanded share capital.
3. The issuance of additional shares was completed in four batches: 58.16 million shares were issued on the day of the acquisition and settlement; 4.63 million shares of mass-produced vehicles began to be delivered; 180,000 new vehicles were delivered in the first phase and 14.05 million shares were issued; 180,000 new vehicles were delivered and 14.27 million shares were issued in the second phase.
4. The purchase did not involve a cash portion. Didi's assets were purchased for Xiaopeng, and Didi did not spend money to purchase Xiaopeng shares.
5. The purpose of cooperation: Simply put, Xiaopeng obtained Didi's online car-hailing market through an acquisition, increase its own sales volume, and promote the improvement of intelligent driving capabilities. For this reason, Xiaopeng will specially develop an A-class car codenamed “MONA”, which is expected to be mass-produced in 24 years. $XPeng (XPEV.US)$ $DiDi Global Inc (DIDIY.US)$
1. Xiaopeng acquired Didi's intelligent driving business and assets at a total consideration of 5.835 billion Hong Kong dollars (744 million US dollars).
2. The acquisition consideration was completed in the form of additional shares, up to 91.13 million additional shares, accounting for about 5% of the expanded share capital.
3. The issuance of additional shares was completed in four batches: 58.16 million shares were issued on the day of the acquisition and settlement; 4.63 million shares of mass-produced vehicles began to be delivered; 180,000 new vehicles were delivered in the first phase and 14.05 million shares were issued; 180,000 new vehicles were delivered and 14.27 million shares were issued in the second phase.
4. The purchase did not involve a cash portion. Didi's assets were purchased for Xiaopeng, and Didi did not spend money to purchase Xiaopeng shares.
5. The purpose of cooperation: Simply put, Xiaopeng obtained Didi's online car-hailing market through an acquisition, increase its own sales volume, and promote the improvement of intelligent driving capabilities. For this reason, Xiaopeng will specially develop an A-class car codenamed “MONA”, which is expected to be mass-produced in 24 years. $XPeng (XPEV.US)$ $DiDi Global Inc (DIDIY.US)$
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