NIO sold a 30% stake in its battery swap subsidiary, NIO Power, to Geely on 28 September 2026, valuing NIO Power at approximately $2.4 billion ($2.38 billion). Separately, NIO acquired a 10% stake in Geely's passenger vehicle charging subsidiary Haohan Energy.
From $9/month · 7-day free trial
Already a subscriber? Log in
Subscribe for full access to all articles
Start Free Trial
China's installed solar PV capacity reached 1.299 billion kilowatts by end of August 2026, overtaking coal-fired generation to become the country's single largest power source. The milestone arrives as total generation capacity grows 11.
China's largest electric two-wheeler manufacturer is pushing into African commercial motorcycle markets while acquiring a budget domestic brand for $152 million ($151.7 million). Yadea's H1 2026 profit fell approximately 27% year-on-year, from $245 million to $179 million.
Volkswagen Group and Gotion High-Tech are expanding their battery joint venture with three new production lines in Europe and Morocco totalling 37.