Didi Global in talks to sell smart driving and cockpit assets to AutoAi for 500 million yuan, focusing on core ride-hailing business.

China's Didi Global is in advanced talks to sell its smart driving and cockpit assets to NavInfo's unit, AutoAi, for 500 million yuan ($70 million). Didi plans to exchange these assets for a stake in AutoAi, as it focuses on its core ride-hailing business after facing a regulatory crackdown. This move will enable Didi to significantly pull back from the ultra-competitive electric vehicle market.

August 26, 2024
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