Geely takes 30% stake in Nio’s battery swap unit
Geely has acquired a 30% stake in Nio’s battery swap unit. The deal could help increase utilisation of the swap network by bringing in more vehicles.
Geely has taken a 30% stake in Nio’s battery swap unit, according to the source material.
The arrangement could help the swap network reach higher utilisation more quickly, since adding Geely vehicles may increase use of the service.
No further transaction details were provided in the input.