Xpeng Motors announced on the Hong Kong Stock Exchange on the evening of the 13th that the first delivery of the acquisition of Didi’s smart car development business assets has occurred on November 13, 2023. After the first delivery, each member company of the target group has become a wholly-owned subsidiary of the company. Company, and the subject group's financial results will be consolidated into the group's consolidated financial statements. According to previous reports, Xpeng Motors announced in August this year that it had signed a strategic cooperation agreement with Didi, and the subject business covers the research and development, design and engineering development of new smart electric vehicles. Based on the expected significant synergies, Xpeng becomes the first automobile manufacturing company to receive full support from the Didi ecosystem. As the core of this strategic cooperation, an A-class smart electric vehicle will enter the market as the first product of Xpeng Motors' new brand, with mass production expected to begin in 2024.