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 asset that has been difficult to value. The deal includes Geely contributing a commercial battery swapping business and cash, with plans for potential adoption of the technology across Geely's vehicle models. The transaction awaits regulatory approval, and its completion could strengthen Nio Power's position as a multi-automaker service provider, although Nio's core vehicle business and associated losses remain unchanged for now.
Nio's stock price on Pluang is USD 3.63, up 1.54% as of Sep 28, 2026 20:51 WIB, reflecting some positive market reaction to Geely's 30% stake in Nio Power. Meanwhile, Xpeng shares are down 0.74% at USD 10.04, and Tesla has pulled back 2.98% to USD 360.92 on the same platform and time. These movements highlight differing investor responses within the electric vehicle sector on Pluang.
