NIO Inc has agreed to bring a Geely Holding Group subsidiary into its battery swapping subsidiary, NIO Power, as a 30% investor while retaining majority control. The deal values NIO Power at about RMB16 billion (US$2.38 billion) post-investment, with NIO China holding 63.6%. Geely's unit will invest RMB640 million (US$95 million) in cash and contribute its stake in Yiyi Internet Technology, a battery swapping service provider for commercial vehicles. The stake could adjust based on performance milestones, and there is an option for further investment to increase Geely's share. Additionally, NIO China will subscribe to 10% of Geely's Haohan Energy charging business, using the cash to acquire NIO charging assets. The companies plan to expand battery swapping technology to consumer and commercial vehicles, pending further discussions.
As of Sep 28, 2026 21:41 WIB, NIO Inc shares trade at USD 3.63 on Pluang, showing a 1.54% increase in the last day. The company’s market capitalization stands at $8.96 billion, reflecting its significant presence in the consumer cyclical sector. This valuation contrasts with the RMB16 billion (approximately $2.38 billion) valuation of NIO Power after the recent investment deal involving Geely’s unit.
Geely Holding Group has acquired a 30% stake in Nio Power, the battery swapping and charging unit of Nio, valuing the business at about RMB16 billion. This investment marks a significant external validation of Nio's battery swapping network, a key as...
Geely Automobile Holdings has made significant strides in the electric vehicle market by launching a groundbreaking EV charging system that can fully charge a vehicle in just four minutes. The company also formed a strategic partnership with NIO to j...
