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Didi Is in Talks to Buy A Third of China’s Electric Vehicle (EV) Maker Sinomach

According to two sources, Didi is in discussions with state-backed Sinomach Automobile to acquire a third of its electric-vehicle unit, indicating that the ride-hailing company’s regulatory troubles are behind it as it focuses on expansion.

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Written by: Aria Thomas

Published on: June 8, 2022

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