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Geely and Nio have struck a major deal that provides both companies with access to their unique battery swapping and EV charging technologies.
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.
A new partnership between Zhejiang Geely Holding Group and NIO in electric vehicle (EV) battery swapping is signaling potential consolidation in China