Geely takes a 30% stake in Nio Power

Geely's Strategic Move: Acquiring 30% of Nio's Battery Swap Unit (2026) Table of Contents A Strategic Partnership The Battery-Swapping Advantage A Complex Web of Partnerships The Road Ahead The electric vehicle (EV) landscape is buzzing with a significant development as Geely Holding Group takes a substantial stake in Nio Power, the battery-swapping and charging subsidiary of Nio. This move is a strategic play, valuing Nio Power at a whopping 16 billion yuan ($2.4 billion), and it's a deal that could reshape the EV charging infrastructure. ## A Strategic Partnership Geely's investment involves

Companies · Nov 2 # Geely to buy 30% stake in Nio battery-swapping unit - Bloomberg News - September 28, 2026 - 3 minute read Zhejiang Geely Holding Group Co. will buy a 30-percent stake in rival automaker Nio Inc.’s battery-swapping unit, gaining access to China’s largest network of swapping stations in a deal that values the business at about $2.4 billion. Geely will fold its commercial-vehicle battery swapping business into the deal and pay 640 million yuan ($95 million) in cash, Nio said in a statement Monday. The two companies are also in talks for Geely to adopt Nio’s battery-swapping te