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.
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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.