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

electrek.co

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

electrek.co

fubarx@lemmy.world to

Electric Vehicles@slrpnk.net · 1 month ago

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.

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