XPeng Inc. (NYSE:XPEV) entered into the Share Purchase Agreement to acquire Certain business assets of DiDi Global Inc. for HKD 12.5 billion on August 27, 2023. As part of the consideration payment 62.8 million Class A ordinary shares will be issued at closing along with 28.3 million shares in tranches as part of Earn-Out Period Milestones. Transaction is subject to customary closing conditions. The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor to DiDi Global Inc. Haiping Li of Skadden, Arps acted as legal advisor to DiDi Global. Jeffrey Ding, Norman Zhong, Claudia Yun, Zhangxian Chen, Cindy Zhang, Qian Guan and Cassie Chang of Fangda Partners acted as legal advisor to XPeng Inc. Kay Ian Ng and Ching-Yang Lin of Sullivan & Cromwell (Hong Kong) LLP and Sullivan & Cromwell LLP acted as legal advisor to XPeng Inc.

XPeng Inc. (NYSE:XPEV) completed the acquisition of Certain business assets of DiDi Global Inc. on November 13, 2023. XPeng allotted and issued 58,164,217 Class A ordinary shares as the Initial Consideration Shares to DiDi.