--- title: Nio sells a 30% stake in its battery swapping arm to Geely description: Nio has sold a 30% stake in its battery swapping business, Nio Power, to Zhejiang Geely Holding Group, valuing the unit at 16 billion yuan ($2.4 billion).... canonical: https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nio sells a 30% stake in its battery swapping arm to Geely | daily.dev og:description: Nio has sold a 30% stake in its battery swapping business, Nio Power, to Zhejiang Geely Holding Group, valuing the unit at 16 billion yuan ($2.4 billion).... og:url: https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf og:image: https://api.daily.dev/og/posts/OaqRxfTpf.png og:image:alt: Nio sells a 30% stake in its battery swapping arm to Geely og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nio sells a 30% stake in its battery swapping arm to Geely **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary Nio has sold a 30% stake in its battery swapping business, Nio Power, to Zhejiang Geely Holding Group, valuing the unit at 16 billion yuan ($2.4 billion). Geely pays with its Yiyi Power battery swapping unit plus 640 million yuan in cash, while Nio takes a 10% stake in Geely's charging arm, Haohan Energy. The companies will co-develop unified swapping standards, connect their charging networks, and Geely will build battery-swappable cars for private buyers using Nio's swap infrastructure. Nio operates 4,126 swap stations and aims for 10,000 by 2030; Haohan Energy plans over 22,000 charging stations by 2027. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much is Nio's battery swapping business Nio Power worth after the Geely deal? Nio Power is valued at 16 billion yuan, or about $2.4 billion, following the deal in which Geely Holding acquires a 30% stake. Geely pays for the stake by contributing its entire battery swapping unit, Yiyi Power, plus 640 million yuan in cash, according to Nio's Hong Kong stock exchange filing. _Follow daily.dev for updates on how EV makers structure battery swapping partnerships and valuations._ ### How many battery swap stations does Nio operate and what is its expansion target? Nio runs 4,126 swap stations and 5,307 charging stations across China, having completed more than 125 million battery swaps after spending over 20 billion yuan on the network. The company aims to expand to 10,000 swap stations by 2030, partly through its new tie-up with Geely Holding's charging arm, Haohan Energy. _Track infrastructure milestones like these on daily.dev if you follow EV charging and swapping tech._ ### What will Geely build as part of its battery swapping deal with Nio? Geely Holding will build battery-swappable car models for private buyers, with Nio Power providing the swapping service for these vehicles. This follows Geely contributing its Yiyi Power commercial fleet swapping unit into Nio Power, and the two companies co-developing unified swapping technology and standards for consumer cars. _Check daily.dev for how automakers like Geely and Nio align on shared EV infrastructure standards._ ## Similar posts on daily.dev - [Geely’s new EV charger hits 2.25 megawatts](https://daily.dev/posts/geely-s-new-ev-charger-hits-2-25-megawatts-z9ocve420) · The Next Web · 0 upvotes · 0 comments - [Why everyone’s an energy company now](https://daily.dev/posts/why-everyone-s-an-energy-company-now-vntlez6kh) · TechCrunch · 0 upvotes · 0 comments - [Geely EX5: the $15,300 electric SUV with luxury features now sold in 35 countries](https://daily.dev/posts/geely-ex5-the-15-300-electric-suv-with-luxury-features-now-sold-in-35-countries-qufecqyqo) · The Next Web · 0 upvotes · 0 comments - [EV Charging and Other Top Transportation Stories](https://daily.dev/posts/ev-charging-and-other-top-transportation-stories-r7uo66ar0) · IEEE Spectrum · 0 upvotes · 0 comments - [Sodium-ion EV battery breakthrough delivers 11-min charging and 450 km range](https://daily.dev/posts/sodium-ion-ev-battery-breakthrough-delivers-11-min-charging-and-450-km-range-bdfpcehlg) · Hacker News · 1 upvotes · 0 comments --- Tags: [#tech-news](https://daily.dev/tags/tech-news) [View this post on daily.dev](https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nio sells a 30% stake in its battery swapping arm to Geely","url":"https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf"},"datePublished":"2026-09-28T17:31:36.495Z","dateModified":"2026-09-28T17:31:57.099Z","description":"Nio has sold a 30% stake in its battery swapping business, Nio Power, to Zhejiang Geely Holding Group, valuing the unit at 16 billion yuan ($2.4 billion)....","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/0d5f1076b18e8d55d5a33e54c4ec994b?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/0d5f1076b18e8d55d5a33e54c4ec994b?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"tech-news","timeRequired":"PT2M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Nio sells a 30% stake in its battery swapping arm to Geely"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/nio-sells-a-30-stake-in-its-battery-swapping-arm-to-geely-oaqrxftpf#faq","mainEntity":[{"@type":"Question","name":"How much is Nio's battery swapping business Nio Power worth after the Geely deal?","acceptedAnswer":{"@type":"Answer","text":"Nio Power is valued at 16 billion yuan, or about $2.4 billion, following the deal in which Geely Holding acquires a 30% stake. Geely pays for the stake by contributing its entire battery swapping unit, Yiyi Power, plus 640 million yuan in cash, according to Nio's Hong Kong stock exchange filing. Follow daily.dev for updates on how EV makers structure battery swapping partnerships and valuations."}},{"@type":"Question","name":"How many battery swap stations does Nio operate and what is its expansion target?","acceptedAnswer":{"@type":"Answer","text":"Nio runs 4,126 swap stations and 5,307 charging stations across China, having completed more than 125 million battery swaps after spending over 20 billion yuan on the network. The company aims to expand to 10,000 swap stations by 2030, partly through its new tie-up with Geely Holding's charging arm, Haohan Energy. Track infrastructure milestones like these on daily.dev if you follow EV charging and swapping tech."}},{"@type":"Question","name":"What will Geely build as part of its battery swapping deal with Nio?","acceptedAnswer":{"@type":"Answer","text":"Geely Holding will build battery-swappable car models for private buyers, with Nio Power providing the swapping service for these vehicles. This follows Geely contributing its Yiyi Power commercial fleet swapping unit into Nio Power, and the two companies co-developing unified swapping technology and standards for consumer cars. Check daily.dev for how automakers like Geely and Nio align on shared EV infrastructure standards."}}]} ```