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The landmark strategic partnership between Geely and NIO marks a pivotal milestone in China’s new energy vehicle (NEV) industry: Geely injects its core battery-swapping assets to acquire an equity stake in NIO Energy, the dedicated battery asset operator under NIO, while NIO makes a reciprocal investment to take a…
September 28, 2026, Hangzhou, China - NIO Holding Co., Ltd. (“NIO”) and Zhejiang Geely Holding Group Co., Ltd. (“Geely Holding Group”) entered into a comprehensive strategic cooperation in charging and battery swapping.
Chinese electric vehicle maker Nio and Geely Holding Group announced a comprehensive partnership in charging and battery swapping on Monday, including cross-investments in their energy businesses and plans to support battery-swappable vehicles for individual consumers, Nio’s WeChat official account said.