Story preview
Nio Advances 3% as Geely Takes 30% Stake in Battery Swapping Unit; XPeng and Tesla Pull Back
About this story
- Published
- Sep 28, 2026, 1:37 PM UTC
Continue reading on the publisher site for the full article.
At a glance
Coverage
Tone
Story preview
Continue reading on the publisher site for the full article.
Coverage
Tone
Outlets covering it
13
in the last 3 days
First reported
34 hr. ago
12 outlets since
Countries
12 other outlets reported this story in the last 3 days.
CEO William Li said the companies would still compete for car buyers, but argued that cooperation could improve efficiency and help automakers make money.
NIO Energy, a prominent new energy enterprise in China's electric vehicle sector, has recorded a post-money valuation of approximately 16 billion yuan, marking a key milestone in its financing and market expansion journey. This valuation figure reflects robust investor confidence in the company's core…
Privately held Zhejiang Geely Holding Group is investing. It is buying into the battery swapping network that Nio (NYSE:NIO) built on its own, and the deal puts an outside price on a part of Nio’s business the market has struggled to value. A Geely Holding Group subsidiary will end up with a minority stake in […]