Brief: Nio Announces Strategic Agreements With Geely Holding Group For Battery Swapping
28/09/2026 02:48
BRIEF-Nio Announces Strategic Agreements With Geely Holding Group For Battery Swapping Sept 28 (Reuters) - NIO Inc. 9866.HK:
ANNOUNCES STRATEGIC AGREEMENTS WITH GEELY HOLDING GROUP FOR BATTERY SWAPPING
GEELY HOLDING GROUP SUBSIDIARY TO SUBSCRIBE NIO POWER EQUITY WITH RMB640 MILLION CASH
GEELY HOLDING GROUP EQUITY IN NIO POWER SUBJECT TO POST-CLOSING ADJUSTMENTS, MINIMUM 20%
TRANSACTION VALUES NIO POWER AT A POST-MONEY VALUATION OF APPROXIMATELY RMB16 BILLION.
Further company coverage: 9866.HK
((Reuters.Briefs@thomsonreuters.com;))
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