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Nio Sells 30% Stake in Nio Power to Geely for US$2.4 Billion
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- Published
- Sep 28, 2026, 1:11 PM UTC
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Nio will sell a 30% stake in Nio Power to Geely Holding for 640 million yuan plus Geely's Yiyi Internet Technology unit, valuing Nio Power at 16 billion yuan (US$2.4 billion). The deal aims to advance unified battery swapping standards and new models, deepening the partnership between the two Chinese automakers.
NIO Lands Major Geely Deal as Battery-Swapping Business Draws $2.4 Billion Valuation
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.