Geely is set to acquire a stake in Nio’s battery‑swapping unit for $2.4 billion, a move that will integrate Nio’s network with Geely vehicles. The investment provides fresh funding for the costly infrastructure that Nio has been building. This partnership could expand battery‑swap availability for both brands and strengthen their positions in the electric‑vehicle market.
Geely will buy a stake in Nio's battery-swapping unit for $2.4 billion. The deal opens Nio's network to Geely vehicles and provides fresh funding for Nio's costly infrastructure.
