NIO Hong Kong shares climb 3.2% on battery-swapping deal with Geely

Nio entered a strategic partnership with Geely to jointly invest in charging infrastructure and battery swapping in China. Geely will take a 30% stake in Nio Power via its Yiyi Power unit plus RMB 640 million cash. Yiyi Power’s commercial battery-swapping business will be folded into Nio Power, expanding fleet-focused swapping operations. The partners will co-develop unified battery-swap technology and standards for consumer models, with Nio Power providing swapping services. Nio will buy 10% of Geely’s Haohan Energy, linking both charging networks to broaden coverage and lift utilization. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nio Inc. published the original content used to generate this news brief on September 28, 2026, and is solely responsible for the information contained therein. (C)