NIO signs battery-swapping deal with Geely, Geely to invest in NIO Power and Energy
NIO and Geely reach a strategic cooperation in charging and swapping, with Geely taking 30% of NIO Energy and 30% of NIO Power, and NIO acquiring 10% of Geely's Haohan Energy. Geely will invest 6.4 billion yuan in NIO Power and merge Yiyi Power equity, while NIO Energy will be 30% owned by Geely via its YiYi Internet arm. NIO plans to build 10,000 swap stations by 2030 and collaborate on charging and swapping networks with Geely.
economy1 h ago