Nio partners with Geely in NIO Power deal valuing unit at RMB 16 billion
Nio entered definitive agreements with Geely Holding for a strategic transaction in battery swapping and charging. Geely unit to invest RMB 640 million cash, contribute its 100%-owned commercial swapping business to take 30% of NIO Power. Deal implies post-money valuation of about RMB 16 billion for NIO Power; NIO Chin