BLOOMBERG Xpeng Inc’s shares soared after it agreed to buy Didi Global Inc’s smart-car development arm in a deal that both eliminates a potential competitor in the crowded electric-vehicle market and gives it a tech-savvy partner in a new venture. The HK$5.84 billion ($744 million) all-stock deal will see Didi emerge with a 3.25% stake in Xpeng, according to an ...

BLOOMBERG The electronics arm of electric-vehicle maker BYD Co agreed to buy Jabil Inc’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its production base in the world’s largest mobile arena. BYD Electronic International Co, a non-wholly owned unit of one of China’s biggest EV makers, is taking over the US company’s product manufacturing business located in ...

BLOOMBERG The first analyst to cover Aston Martin after the carmaker’s 2018 initial public offering has finally recommended buying the stock. Jefferies’ Philippe Houchois lifted his rating to buy from hold, saying the British company’s net debt has stabilised and a refocus on traditional “front engine” cars like the DB12 and Vantage should benefit sales. Houchois gave Aston Martin an ...