Xpeng Motors and Didi Sign Strategic Cooperation Agreement to Jointly Develop Smart Electric Vehicles

In August last year, Xiaopeng Motors and Didi signed a strategic cooperation agreement, covering the research and development, design and engineering development of smart electric vehicles. The A-class smart electric vehicle that the two parties plan to launch will be the first product of the MONA brand, and is expected to start mass production in 2024, and has registered multiple trademarks for the MONA brand. He Xiaopeng revealed that the sales volume of new brands and new cars in cooperation with Didi is conservatively expected to be 100,000 vehicles per year. He believes that through cooperation with Didi and the technical accumulation of Xiaopeng Motors' "Fuyao" architecture, mass production of 150,000 yuan-level smart cars can be achieved. In addition, Xiaopeng Motors' announcement shows that if the sales volume of cooperative models reaches a certain number, Xiaopeng will also receive corresponding equity incentives. He Xiaopeng also emphasized that in order to bring about changes in intelligent technology in the automotive industry, the A-class car market is a market segment that cannot be ignored.