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China’s Nio and Geely deepen commitment to EV battery swapping tech in stake sale
South China Morning Post
September 28, 2026
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Chinese electric vehicle (EV) maker Nio has deepened its partnership with Zhejiang Geely Holding Group after agreeing to sell a stake in its battery swap subsidiary to the automotive conglomerate in a deal that values the unit at 16 billion yuan (US$2.4 billion). Geely Holding, controlled by Chinese
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