NIO sells 30% of battery swap unit to Geely for $2.4 billion valuation

NIO and Geely announced a strategic partnership in which a Geely subsidiary will acquire 30% of NIO Power, the EV battery swapping and charging network, in a deal valuing the unit at $2.4 billion and combining the two companies' swap and ch

First covered Sep 27, 2026 · 6:08 PM PT · 2 articles

NIO sells 30% of battery swap unit to Geely for $2.4 billion valuation — Image via electrek.co

Coverage

8h CleanTechnica Geely Gets 30% of NIO Power — Battery swapping has been a concept for electric vehicles for much longer than I’ve been covering the technology (which is more than 14 years).

1d Electrek NIO sells 30% of battery swap unit to Geely at more than $2 billion — Geely is buying into NIO’s battery swap network. NIO announced definitive agreements on Sunday that hand a Geely Holding subsidiary 30% of NIO Power, the unit…

More coverage from around the web

gurufocus.com NIO Stock Rallies After Geely Takes 30% Stake in $2.4 Billion Unit

trendingtopics.eu Geely Takes 30 Percent Stake in Nio Power Battery Swap Unit | Trending Topics

marketscreener.com NIO to Sell 30% Stake in Battery-Swapping Unit to Geely at $2.4 Billion Valuation

gurufocus.com Geely Acquires 30% Stake in NIO's Battery-Swapping Unit, Ticker NIO Reacts

bloomberg.com Geely To Buy 30% Stake in Rival Nio’s Battery-Swapping Unit - Bloomberg

Discussion

Reddit: r/electricvehicles0↑ r/electricvehicles · 1d ago · 0 comments NIO sells 30% of battery swap unit to Geely at more than $2 billion

Appeared in: 2026-09-29 (#10)

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