Geely Agrees to Take 30% Stake in Nio Power
Nio has agreed to sell a 30% stake in its battery-swapping and charging unit, Nio Power, to a subsidiary of Geely, in a transaction that values the business at about 16 billion yuan.
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Nio has agreed to sell a 30% stake in its battery-swapping and charging unit, Nio Power, to a subsidiary of Geely, in a transaction that values the business at about 16 billion yuan.