
Nio gains 3% as Geely buys 30% stake in its battery swapping unit, valuing it at RMB16 billion.
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...





