NIO sells 30% of NIO Power to Geely for Yiyi Internet Technology and RMB640M cash

NIO is selling a 30% stake in its battery swapping and charging unit NIO Power to Geely Holding Group, which will contribute Yiyi Internet Technology and RMB640M in cash, valuing NIO Power at RMB16B post-money, per the company.

Detected & updated continuously · Source: Nebula