Didi Announces a 670 Million Yuan Investment in AutoAI Technology
On August 28, according to a report by Caixin, a team of 300 people from Didi Intelligent Transportation unit has joined Beijing-based AutoAI Technology Co., Ltd., mainly responsible for the research and development of technologies such as intelligent cockpits.
Didi is further divesting its car manufacturing business and seeking partners. Today, NavInfo announced that Didi participated in a capital increase of its subsidiary, a connected car company.
Specifically, Didi will invest 670 million yuan in NavInfo’s subsidiary, AutoAI Technology Co., Ltd., with equity and cash, taking a 16.46% stake. As the largest shareholder, NavInfo increased its capital in AutoAI Technology by 100 million yuan, diluting its share from over 30.29% to 27.01%.
According to previous reports, on the 26th, Didi Chuxing was in negotiations to sell its intelligent driving and cockpit assets to AutoAI Technology, a subsidiary of NavInfo, in exchange for shares in AutoAI Technology. NavInfo’s stock price closed up more than 10% that day.
An informed source revealed: “There are still a series of procedures to go through, and there will be announcements in the next few days.” In addition, after acquiring Didi’s intelligent driving and cockpit business, AutoAI Technology may consider going public independently.
In response to Sina Tech News, Didi also stated today that AutoAI Technology is an important ecological partner of Didi, and Didi invested in the company in as early as 2018. This time, Didi Intelligent Transportation will cooperate more deeply with NavInfo, focusing on the field of intelligent transportation and increasing exploration of intelligent travel scenarios.
