TechNio and Geely deepen EV battery-swapping ties through stake sale
Chinese EV maker Nio has agreed to sell a stake in its battery-swapping subsidiary to Zhejiang Geely Holding, deepening their partnership. The deal values Nio Power at 16 billion yuan, with Geely paying 640 million yuan in cash and contributing its wholly owned Yiyi Internet Technology unit for a 30 per cent stake.
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South China Morning Post★★☆☆☆2026-09-28 08:00Original
Nio and Geely deepen EV battery-swapping ties through stake sale
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