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.
investment & funding
NIO and Geely announce cooperation on charging and battery swapping in China
NIO and Geely said they will cooperate on EV charging and battery swapping in China. The move could help connect their networks and expand access for drivers, but the source gives limited detail on timing and scope.
announcement
Nio and Geely announce deeper cooperation on charging and battery swapping
Nio and Geely said they will deepen cooperation on charging infrastructure and battery swapping. The move could expand access to swapping and charging networks and support shared standards.
announcement
NIO sells 30% of battery swap unit to Geely subsidiary
NIO said it signed definitive agreements giving a Geely Holding subsidiary a 30% stake in NIO Power, the unit that operates its swap stations and chargers. The deal values NIO Power at about RMB16 billion ($2.4 billion) and includes an asset contribution plus RMB640 million in cash.
investment & funding
Chery shows Phoenix electric trucks in Europe at IAA Transportation 2026
Chery Commercial Vehicle presented its Phoenix heavy-duty trucks in Europe under the C&C Trucks brand. The lineup includes a battery-electric version and a range-extender version, both linked to a mobile battery-swapping system.
announcement