Nio announces strategic agreements with Geely Holding Group for battery swapping
Geely Holding Group subsidiary will subscribe to Nio Power equity with Rmb640 million cash. Nio Power is valued at about Rmb16 billion post-money.
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NIO Announces Definitive Agreements for Strategic Transaction with Geely Holding Group in Battery Swapping and Charging Businesses
SHANGHAI, Sept. 27, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced the entry into definitive agreements with certain subsidiaries of Zhejiang Geely Holding Gro…
NIO announces strategic transaction with Geely
NIO said it entered definitive agreements with Geely Holding Group for a strategic transaction involving its battery swapping and charging businesses.