NIO Hong Kong shares rise as CATL eyes stake

Exclusive | CATL keeps the faith in Hong Kong with plans to list in second quarter: sources

Some of the 178 companies that have filed IPO applications in Hong Kong may delay their listing plans, analysts say.

NIO Hong Kong shares rise as CATL eyes stake

NIO’s Hong Kong shares climbed 8.6% to HK$26.60 following news that Chinese battery titan CATL is negotiating to acquire a controlling stake in Nio Power No Power runs over 3,000 battery-swapping stations in China. Last month, CATL pledged up to RMB 2.5 billion ($342 million) to Nio Power, according to Reuters’ sources. Nio Power was valued at over RMB 10 billion ($1.3 billion) after a 2024 fundraising. However, CATL’s offer remains undisclosed.…

CATL eyes takeover of Nio's power unit

Reuters Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio's (9866) power unit, which runs more than 3,000 battery swapping stations in China, four people with knowledge of the matter told Reuters. CATL made the proposal after announcing a maximum 2.5...

The world's largest producer of electric vehicle batteries, CATL, reported its intention to use between 40,000 and 80 billion yuan.

Chinese battery giant CATL is in talks with Nio, the company behind the 1,000-km electric car that "recharges" in 3 minutes. The long-term goal: to be able to offer this "recharge" to a greater number of manufacturers around the world. [Read more] Your coffee and tech fix are waiting for you on WhatsApp every morning with Frandroid.

CATL seeking to acquire controlling stake in Nio’s power unit – Telematics Wire

News, 8 April 2025 CATL, the Chinese battery giant, is reportedly negotiating to acquire a controlling stake in Nio’s power unit, which operates over 3,000 battery swapping stations throughout China. This proposal follows CATL’s announcement of a potential investment of up to 2.5 billion yuan ($342 million) in Nio Power in March 2025. CATL is increasing its investments in battery swapping infrastructure, as Chairman Robin Zeng seeks to transform…