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HomeTechnologyNIO inks battery-swapping deal with Geely, values energy unit at $2.4 billion

NIO inks battery-swapping deal with Geely, values energy unit at $2.4 billion

Sept 28: Chinese electric vehicle maker NIO said on Monday it entered into definitive agreements with subsidiaries of Zhejiang Geely Holding Group in connection with a transaction involving their battery-swapping and charging businesses. Under the deal, a Geely subsidiary will invest 640 million yuan in cash

Read full story on Channel Newsasia

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