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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.
U.S.-listed shares of Nio, Inc. (NIO) slipped more than 3% overnight heading into Tuesday as CEO William Li said the company’s partnership with Geely Holding Group should help automakers share charging and battery-swap infrastructure instead of spending separately to build overlapping networks.Nio’…
Geely and Nio have struck a major deal that provides both companies with access to their unique battery swapping and EV charging technologies.