NIO and Geely take cross-equity stakes in each other's EV energy subsidiaries

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.

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