Didi Sells Smart Car Arm to China's Xpeng

The video discusses a significant deal between X Punk and Didi, where X Punk acquires Didi's smart car arm. This move is part of X Punk's strategy to build a mass-market EV brand, codenamed Mona, targeting the mid-tier market. Didi, on the other hand, is divesting from this capital-intensive asset due to market consolidation and regulatory changes. The deal reflects a broader trend of consolidation in the EV market, as companies seek partnerships to better utilize their assets.

In what ways has the EV market in China changed over the past few years?

What does the consolidation trend in the EV market imply for future partnerships?