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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.
NIO Energy, a prominent new energy enterprise in China's electric vehicle sector, has recorded a post-money valuation of approximately 16 billion yuan, marking a key milestone in its financing and market expansion journey. This valuation figure reflects robust investor confidence in the company's core business layout,…
Geely will invest its entire equity interest in Yiyi Power and 640 million yuan in cash in Nio Power, integrating battery swap operations for commercial fleets.