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NIO sells 30% of battery swap unit to Geely at more than $2 billion

Electrek

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Published: Sep 28, 2026, 1:08 AM UTC

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NIO is selling 30% of NIO Power to Geely for its Yiyi swap business and RMB640 million in cash, valuing NIO's battery swap network at RMB16 billion.

ElectrekNIO sells 30% of battery swap unit to Geely at more than $2 billion

An outside investor just put a concrete price on the part of Nio's business that has frustrated analysts for years, and the terms of the deal reveal how much Geely thinks the network is worth.

24/7 Wall St.Nio Advances 3% as Geely Takes 30% Stake in Battery Swapping Unit; XPeng and Tesla Pull Back

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 […]

AOL.comNio Advances 3% as Geely Takes 30% Stake in Battery Swapping Unit; XPeng and Tesla Pull Back

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#nio #sells #battery #swap #unit

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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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12 other outlets reported this story in the last 3 days.

NIO agrees to sell 30% of battery swapping unit to GeelyYahoo Finance7 hr. ago
NIO sells 30% of battery swap unit to Geely at more than $2 billionElectrek17 hr. ago
Nio Advances 3% as Geely Takes 30% Stake in Battery Swapping Unit; XPeng and Tesla Pull Back24/7 Wall St.4 hr. ago
Why Chinese EV Maker NIO Is Selling Part of Its Battery UnitBarron's3 hr. ago
Nio Advances 3% as Geely Takes 30% Stake in Battery Swapping Unit; XPeng and Tesla Pull BackAOL.com4 hr. ago
China’s Nio and Geely deepen commitment to EV battery swapping techSouth China Morning PostHong Kong SAR China10 hr. ago
Nio Sells 30% Stake in Nio Power to Geely for US$2.4 BillionIndexBox5 hr. ago
NIO to Sell 30% Stake in Battery-Swapping Unit to Geely at $2.4 Billion Valuationmarketscreener.com14 hr. ago
NIO inks battery-swapping deal with Geely, values energy unit at $2.4 billionET Auto10 hr. ago
NIO sells 30% stake in battery unit to Geely subsidiary By Investing.comInvesting.com Australia18 hr. ago
Geely to buy 30% stake in Rival Nio’s battery-swapping unitThe Edge Malaysia14 hr. ago
NIO inks battery-swapping deal with Geely, open to other peers joiningReutersUnited Kingdom18 hr. ago

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NIO sells 30% of battery swap unit to Geely at more than $2 billion

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