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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 just grabbed a major stake in the one asset that sets Nio apart from every other electric-vehicle maker, and investors are pushing back hard. Whether that reaction reflects a real loss or a misread opportunity depends on a strategic bet few saw coming.
Today, Sept. 29, 2026, the battery-swap partnership restructuring weighed on the premium EV maker as traders reassessed profitability ahead of Q3 earnings.
Geely will invest its entire equity interest in Yiyi Power and 640 million yuan in cash in Nio Power, integrating battery swap operations for commercial fleets.