{"id":"67006416-2b7d-4b90-a491-e31e2d6a2c09","slug":"nio-power-x-geely-holding","name":"NIO Power x Geely Holding (battery swap and charging)","partnershipType":"investment","status":"announced","announcedDate":"2026-09-27T00:00:00.000Z","startDate":null,"endDate":null,"summary":"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).","sources":[{"url":"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","title":"NIO Announces Definitive Agreements for Strategic Transaction with Geely Holding Group in Battery Swapping and Charging Businesses","sourceName":"NIO Inc. (GlobeNewswire)","publishedAt":"2026-09-27"},{"url":"https://electrek.co/2026/09/27/nio-power-geely-30-stake-battery-swap-rmb16-billion/","title":"NIO sells 30% of battery swap unit to Geely at more than $2 billion","sourceName":"Electrek","publishedAt":"2026-09-27"}],"verificationPosture":"reported","reviewStatus":"reviewed","createdAt":"2026-09-28T17:40:14.030Z","updatedAt":"2026-09-28T20:33:17.871Z","parties":[{"id":"575321db-3419-4e34-9ad1-4e6dad4c1b0f","partnershipId":"67006416-2b7d-4b90-a491-e31e2d6a2c09","companyId":"5968b4d6-3395-4ab9-a060-49a30d098fec","externalName":null,"role":"investor_partner","createdAt":"2026-09-28T17:40:14.030Z","company":{"id":"5968b4d6-3395-4ab9-a060-49a30d098fec","slug":"nio","name":"NIO"}},{"id":"70167239-4cff-4d22-9a65-80264f451bad","partnershipId":"67006416-2b7d-4b90-a491-e31e2d6a2c09","companyId":"b6dfc3ff-5857-4581-8f90-0eb49e940b76","externalName":null,"role":"investor_partner","createdAt":"2026-09-28T17:40:14.030Z","company":{"id":"b6dfc3ff-5857-4581-8f90-0eb49e940b76","slug":"geely-holding","name":"Zhejiang Geely Holding"}}]}