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Geely to buy 30% stake in rival Nio’s battery-swapping unit
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- Sep 28, 2026, 8:31 AM UTC
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Zhejiang Geely Holding Group Co. will buy a 30% stake in rival automaker Nio Inc.’s battery-swapping unit, gaining access to China’s largest network of swapping stations in a deal that values the business at about $2.4 billion.
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