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BREAKING: Geely to take 30% stake in Nio Power with battery swap assets and cash
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- Published
- Sep 28, 2026, 12:04 AM UTC
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Nio Inc.
Chinese electric vehicle manufacturer
Nio Inc. is a Chinese electric vehicle manufacturer headquartered in Shanghai. Founded in 2014, it adopted its current name in 2016. The company primarily designs and sells electric vehicles, including sedans and SUVs, but has expanded into other products and services, such as chip development, Smartphones, and power solutions.
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Geely
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.
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