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NIO inks battery-swapping deal with Geely, values energy unit at $2.4 billion

Sept 28 : Chinese electric vehicle maker NIO said on Monday it entered into definitive agreements with subsidiaries of Zhejiang Geely Holding Group in connection with a transaction involving their battery-swapping and charging businesses.Under the deal, a Geely subsidiary will invest 640 million yuan in cash

10 Articles

Business Times

Lean Right

Geely to acquire 30% of Nio’s power unit as part of battery swapping, charging business deals

Post-transaction, Nio Power will be valued at about 16 billion yuan Read more at The Business Times.

2 hours ago·Singapore, Singapore

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Electrek

Lean Left

NIO sells 30% of battery swap unit to Geely at more than $2 billion

NIO is selling 30% of NIO Power to Geely for its Yiyi swap business and RMB640 million in cash, valuing NIO's battery swap network at RMB16 billion.

3 hours ago·Fremont, United States

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CarNewsChina.com

Center

Geely invests in Nio to launche EVs compatible with its battery-swapping network

Geely invests in Nio to develop new battery-swappable EV models.

3 hours ago

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Reuters

+3 Reposted by 3 other sources

Center

NIO inks battery-swapping deal with Geely, values energy unit at $2.4 billion

16 hours ago·London, United Kingdom

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CnEVPost

Nio's William Li casts Geely tie-up as effort to curb cutthroat competition through shared infrastructure

Li said the partnership between Geely and Nio can help reduce duplicate investment and improve innovation efficiency. For details, please visit CnEVPost (cnev.co).

2 hours ago

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