EVs gain as China extends tax breaks

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Go back to EVs gain as China extends tax breaks

Premium EV Manufacturer XPENG Chooses ACCESS To Provide In-Vehicle Infotainment

June 21, 2023 4:00 AM EDT

OBERHAUSEN, Germany & GUANGZHOU, China--(BUSINESS WIRE)-- XPENG (NYSE: XPEV and HKEX: 9868), today announces that it has selected the ACCESS Twine for Car (Twine4Car) in-vehicle infotainment (IVI) solution to provide apps and gamesincluding prominent streaming services for its new range of electric vehicles. This will start with the all-electric XPENG P7 sedan, with European deliveries commencing this summer. Moving forward, existing XPENG drivers will also have the option to upgrade their cars to include Access' Twine4Car IVI through an over-the-air (OTA) software update.

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NIO Inc. Announces Strategic Equity Investment from CYVN Holdings

June 20, 2023 9:05 AM EDT

SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has entered into a share subscription agreement with CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government strategically focused on advanced and smart mobility (the Investor or CYVN Holdings), pursuant to which the Investor will invest an aggregate of US$738.5 million in cash to subscribe 84,695,543 newly issued Class A ordinary shares of the... More