news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

(text/pan yuchen, editor/gao xin) according to a reuters report on august 26, citing sources, didi chuxing is in advanced negotiations to sell its smart driving and smart cockpit assets to navinfo's subsidiary siwei zhilian in exchange for siwei zhilian's shares. the deal is expected to be officially announced in the next few days, with a valuation of nearly rmb 500 million.

after the news came out, navinfo's a-shares hit the daily limit on august 26, closing at 7.12 yuan; on august 27, navinfo's stock price continued to rise by 1.54%, closing at 7.23 yuan.

navinfo provides high-definition maps and navigation solutions to automakers and internet companies. its main customers includebmw、benzand other automobile manufacturers, and provide didi with map-related data and technical support.

siwei zhilian was spun off from navinfo in 2018. currently, navinfo is still its largest shareholder, holding 30% of the shares; the second largest shareholder is mediatek software design (shenzhen) co., ltd., a wholly-owned subsidiary of mediatek china, holding nearly 20% of the shares. a person familiar with the matter said that if the above asset sales and investments are completed, didi will replace mediatek and become the second largest shareholder of siwei zhilian. one of the people familiar with the matter said that the intelligent driving and cockpit assets acquired by siwei zhilian from didi will be put into mass production.

according to sources, didi had previously promoted an electric vehicle project code-named "da vinci", with 2,000 employees and ambitions to enter the automotive manufacturing industry; since the project was launched in 2021, didi has invested more than 10 billion yuan in its electric vehicle business, including the development of cars, smart driving and smart cockpits.

however, in recent years, didi has been more inclined to cooperate with automakers in areas such as smart driving.xpeng motorsdidi acquired didi's quasi-mass-production a-class sedan mona for a total consideration of more than 5 billion yuan, and didi became a shareholder of xpeng motors, currently holding 3.31% of the latter's shares. at the same time, the two parties reached a comprehensive strategic cooperation, and xpeng motors became the first vehicle company to receive support from didi's full ecosystem.

in april this year, didi andgac aiona joint venture company, guangzhou andi technology co., ltd., was established, with each party holding 50% of the shares. the new joint venture will focus on l4 level autonomous driving, build a crossover suv based on gac aion's aep3.0 platform and xingling architecture, and integrate didi's autonomous driving software and hardware solutions.

according to data disclosed by didi, didi's revenue in the second quarter of 2024 was 50.9 billion yuan, a year-on-year increase of 4.1%; net profit was 1.4 billion yuan, compared with -300 million yuan in the same period last year.

people familiar with the matter also revealed that once the transaction is completed, about 200 to 300 people in didi's electric vehicle project will be affected, and didi has notified employees who may be affected in recent weeks, most of whom are located in beijing.

this article is an exclusive article of observer.com and may not be reproduced without authorization.