00:00 A new deal in the industry of electric cars is a key competition in China.
00:07 What is the importance of this deal?
00:09 Xpeng, a Chinese company, announced its readiness to acquire the smart electric car unit owned by Didi.
00:19 Therefore, this deal between Xpeng and Didi is expected to reflect positively on the two companies, which are worth $744 million.
00:30 In response to this deal, Didi will acquire 3.25% of Xpeng shares.
00:37 For Xpeng, this deal is expected to improve its financial performance, sales and growth.
00:45 Didi has been affected by its actions in the past two years and is expected to reflect positively on its performance.
00:56 If we look at Xpeng's share, how did it react after the announcement of this deal?
01:02 We notice that it rose by about 13% in the 25th session of August, and today it is also reacting positively by about 2%.
01:12 As for the importance of this deal between Xpeng and Didi, it is expected that Xpeng will announce a new electric car next year,
01:22 and its price will be around $20,000.
01:26 All this comes amid the slowdown in demand and manufacturing capacity in China's electric cars industry.
01:34 China is suffering from several economic crises, including the real estate crisis, and is also suffering from a decline in consumption,
01:42 which is affecting the decline in purchasing power.
01:45 Today, these deals are again a competition between the largest Chinese car companies.
01:51 We note that Xpeng recently won a regulatory agreement to manufacture electric cars.
01:57 The question is, how much will these deals contribute to the growth of electric car companies in China?
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