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Nio Sells 30% of Nio Power to Geely for 16B Yuan

By Drooid · Sep 28, 2026, 10:38 AM UTC · How we work

Summary

Story summary

Nio sells 30% stake in Nio Power to Zhejiang Geely Holding Group for 16 billion yuan.
Nio China keeps controlling 63.6% share of Nio Power after the deal.
Geely adds Yiyi Power assets and 640 million yuan cash for the stake.
Geely can invest another 640 million yuan within two years, raising its stake to 34%.
Nio China will buy 10% of Geely’s Haohan Energy charging subsidiary.

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Story summary

Nio sells 30% stake in Nio Power to Zhejiang Geely Holding Group for 16 billion yuan.
Nio China keeps controlling 63.6% share of Nio Power after the deal.
Geely adds Yiyi Power assets and 640 million yuan cash for the stake.
Geely can invest another 640 million yuan within two years, raising its stake to 34%.
Nio China will buy 10% of Geely’s Haohan Energy charging subsidiary.