NIO Inc. (NIO) Strikes Battery Swap, Charging Deal With Geely
NIO signed definitive agreements for a Geely subsidiary to invest RMB640M cash plus Yiyi Internet Technology for 30% of NIO Power (post-money ~RMB16B), subject to clearances. NIO China will also take 10% of Geely’s Haohan Energy with cash used to buy certain NIO charging assets.Material DetailsCont…