Overview
- NIO and Geely announced a comprehensive cooperation that exchanges stakes and folds assets so the companies jointly operate charging and battery‑swap services.
- Under the terms, Geely will contribute 100% of Yiyi Hulian plus RMB 640 million to take a 30% stake in NIO Energy while NIO will take a 10% stake in Geely’s Haohan Energy and merge Yiyi’s swap operations into NIO Energy.
- The partners agreed to interconnect charging resources, share charging and swap technology and agree on common technical standards to make networks interoperable and lower repeated capital spending.
- Company leaders framed the move as collaboration with benign competition, saying the tie‑up lets each firm focus on strengths and reduces waste from parallel rollouts.
- Both sides set concrete build targets and wider aims that affect users and grids, including NIO Energy’s plan for 10,000 swap stations by 2030 and Geely’s pledge for more than 22,000 charging stations and over 100,000 charging guns by end‑2027, with NIO estimating the combined swap network could demand over 10 billion kWh annually.