China's Nio to get near $740 million investment from Abu Dhabi-backed firm

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Go back to China's Nio to get near $740 million investment from Abu Dhabi-backed firm

EVs gain as China extends tax breaks

June 21, 2023 8:25 AM EDT

Shares of Chinese electric vehicle companies NIO Inc (NYSE: NIO), Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) are up by nearly 3% in pre-market trading on Wednesday after China extended a tax exemption policy for new energy vehicles (NEV).

According to the policy, jointly... More