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An A-class smart EV model will be launched in 2024 as the debut product of a new brand MONA. This marks the first official partnership between the two companies.
To acquire assets related to Didi’s smart EV project, Xpeng will issue class A shares representing about 3.25% of the company’s outstanding share capital, Xpeng said.
(This story has been corrected to say smart EV unit, not autonomous vehicle unit, in the headline and paragraph 1)
