NIO brings Geely into battery-swap unit
Geely will invest about $95 million in cash and contribute its battery-swap business for a 30% stake in Nio Power, valuing the unit at about $2.4 billion.
Geely will invest about $95 million in cash and contribute its battery-swap business for a 30% stake in Nio Power, valuing the unit at about $2.4 billion.