The JV aims to launch its first commercial Level 4 autonomous driving Robotaxi in 2025.
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The JV aims to launch its first commercial Level 4 autonomous driving Robotaxi in 2025.
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The JV will cater to the ride-hailing market and provide battery swap services for NEVs, CATL said.
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KargoBot has become an independently operated company and received an investment of over RMB 450 million, according to local media.
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GAC plans to invest up to $149 million in Didi's autonomous-vehicle subsidiary along with another company.
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Xpeng to develop two new models that will be manufactured in Zhaoqing plant.
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The key to the deal is that Xpeng can get more sales by tapping into Didi's massive network of 19 million drivers in China, Deutsche Bank said.
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"So we now have this 9-year-old smart EV startup invested by one of the world's largest automakers and the world's largest ride-hailing mobility platform."
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Xpeng to buy Didi's smart electric vehicle project, Da Vinci, as to develop a smart compact EV in an effort to make smart driving more popular in mid-end market. Mass production expected in 2024.
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The Mona project will be the start of a second, or even third, brand for Xpeng, which will be predominantly aimed at general customers but also corporate customers, Xpeng's CEO said.
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The Mona project will be aimed at both corporate and general consumers, but it's uncertain whether Xpeng will create an entirely new channel for the project, according to local media.
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