Nio, Geely form charging, battery-swapping partnership; Geely to take 30% stake in Nio Power

By Public Technologies
  • Nio entered a strategic partnership with Geely to jointly invest in charging infrastructure and battery swapping in China.
  • Geely will take a 30% stake in Nio Power via its Yiyi Power unit plus RMB 640 million cash.
  • Yiyi Power’s commercial battery-swapping business will be folded into Nio Power, expanding fleet-focused swapping operations.
  • The partners will co-develop unified battery-swap technology and standards for consumer models, with Nio Power providing swapping services.
  • Nio will buy 10% of Geely’s Haohan Energy, linking both charging networks to broaden coverage and lift utilization.


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