# NIO Power x Geely Holding (battery swap and charging): partnership

Canonical ID: `67006416-2b7d-4b90-a491-e31e2d6a2c09`

On Sep 27 2026 NIO Inc. announced definitive agreements with Zhejiang Geely Holding Group subsidiaries for cross-investment in battery swapping and charging. A Geely Holding subsidiary contributes 100% of Yiyi Internet Technology (Chongqing) plus RMB640 million cash for 30.0% of NIO Power (NIO Energy Investment (Hubei) Co., Ltd.) at approximately RMB16 billion post-money; NIO China retains 63.6% and Wuhan Guangchuang 6.4%. Concurrently NIO China subscribes for 10.0% of Zhejiang Haohan Energy Technology (Geely charging), with that cash used to buy certain NIO charging assets. Both legs remain subject to regulatory clearances and customary closing conditions. Cap: NIO GlobeNewswire primary; Electrek Sep 27 coverage. Not linked to Geely Farizon or Geely Auto (different units).

- **Type:** investment
- **Status:** announced
- **Verification posture:** reported (press-release-only)

## Parties (2)

- [NIO](https://registry.deploy.report/companies/nio.md) investor partner
- [Zhejiang Geely Holding](https://registry.deploy.report/companies/geely-holding.md) investor partner

## Timeline

- **Announced:** 2026-09-27

## Sources (2)

1. https://www.globenewswire.com/news-release/2026/09/27/3369470/0/en/nio-announces-definitive-agreements-for-strategic-transaction-with-geely-holding-group-in-battery-swapping-and-charging-businesses.html · 2026-09-27
2. https://electrek.co/2026/09/27/nio-power-geely-30-stake-battery-swap-rmb16-billion/ · 2026-09-27


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