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5 days ago
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Context from Wikipedia on the organisations, people and places in this story.
Chinese automotive conglomerate
Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding, is a Chinese multinational automotive conglomerate headquartered in Hangzhou, China. The company was founded by, and is privately owned by Chinese entrepreneur Li Shufu.
More on Wikipedia ↗NIO will sell Geely a 30% stake in its battery-swapping unit for cash and assets, valuing it near $2.4 billion, though the deal may not ease NIO
Nio’s Geely deal boosts its battery-swapping ambitions, but investor skepticism remains.
Chinese electric vehicle maker Nio and Zhejiang Geely Holding Group have agreed to integrate their battery swapping and charging operations. Geely…