NIO Sells 30% Stake in Battery-Swap Unit NIO Power to Geely for $2B+

NIO has agreed to sell a 30% stake in its battery-swap subsidiary NIO Power to Geely for over $2 billion (RMB 16 billion), marking a major consolidation in China's EV battery-swap infrastructure sector. The deal values NIO Power — which operates China's largest network of automated battery-swapping stations — at roughly $6.7 billion. Geely's participation brings one of China's largest automakers into NIO's swap ecosystem, potentially accelerating the standardization of battery-swap technology and expanding the network's reach to Geely-branded EVs. The transaction underscores growing investor confidence in battery-swap as a viable fast-energy-replenishment model, offering an alternative to conventional DC fast charging for high-utilization fleet and consumer markets.