Chinese EV company XPeng (XPEV) announced that it will be buying Didi's (DIDIY) smart car unit in a deal worth up to $774 million. Yahoo Finance Reporter Pras Subramanian explains the advantages of the deal, saying that “XPeng is getting Didi’s expertise with ride-hailing and autonomous technology.” Subramanian notes the competitiveness within the Chinese EV space and that XPeng’s new deal with Didi could help it get an edge over the competition.
At this year’s Monterey Car Week, electric vehicle maker Lucid was quietly creating some buzz with its EVs, recent price changes, and upcoming SUV.
EV maker Lucid (LCID) is prepping to unveil its new electric Gravity SUV. Yahoo Finance's Pras Subramanian catches up with Lucid CEO Peter Rawlinson at the 2023 Pebble Beach Concours d'Elegance, discussing the company's new price structure and its plans for the Gravity SUV's release in November.