EVsCnEVPostabout 2 hours ago
Geely Takes 30% Stake in Nio Power
3 min read
Geely Holding will invest its 100% equity in Yiyi Power plus 640 million yuan ($94.83 million) cash into Nio Power for a 30% stake, announced September 28. Nio will take 10% of Geely subsidiary Haohan Energy. The partners will jointly develop battery swap standards and integrate commercial fleet swapping, deepening a 2023 collaboration.
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