Reuters revealed that China’s Didi is in talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, signalling the ride-hailer’s regulatory troubles are in the rearview mirror as it focuses on growth. The deal, if completed, would accelerate Didi Global Inc’s strategic expansion in the world’s largest EV market and help cushion the impact of the pandemic on its core ride-hailing business.
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