NIO sells 30% of battery swap unit to Geely at more than $2 billion

electrek.co

NIO sells 30% of battery swap unit to Geely at more than $2 billion

electrek.co

fubarx@lemmy.world to

Electric Vehicles@slrpnk.net · 23 days ago

NIO is selling 30% of NIO Power to Geely for its Yiyi swap business and RMB640 million in cash, valuing NIO's battery swap network at RMB16 billion.

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we’ll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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