Caixin China Biz Roundup: EV-Maker Nio Wins $1 Billion Investment From Abu Dhabi

China extends tax breaks for new-energy vehicles until 2027, and Alibaba boss Daniel Zhang to step down Subscribe to our free newsletters:  https://www.caixinglobal.com/newsletter/  Are you a big fan of our shows? Then please give our podcast account, China Business Insider, a 5-star rating on Spotify, Apple, or wherever you listen to podcasts.