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Geely to acquire 30% of competitor Nio's battery swapping unit

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Geely to acquire 30% of competitor Nio's battery swapping unit

Nikkei Asia · Sep 28, 2026, 1:57 AM UTC

HONG KONG -- Chinese auto giant Geely Holding Group will acquire a 30% stake in peer Nio's battery-swapping unit Nio Power.Under the deal, Geely will