The Battery Magazine, Battery News, Battery Storage News

Tenders

Batteries

NIO Signs Battery-Swapping Deal with Geely, Values NIO Power at $2.38 Billion

Chinese electric vehicle maker NIO has signed an agreement with Zhejiang Geely Holding Group covering their battery-swapping and charging businesses, with the companies planning to jointly expand charging networks and develop greater interoperability between their systems. Under the agreement, Geely Holding will acquire a 30% stake in NIO Power, NIO’s battery-swapping and charging business. Geely…

Grid

Upcoming Events