Nio and Geely agree to cooperate on battery swapping and charging
Nio and Geely Holding announced a partnership covering technology, standards and a shared battery swap and charging network. After the deal closes, Geely is set to hold a 30 percent stake in Nio Power.
Event date: September 28, 2026 · Published: October 12, 2026
According to Nio's announcement, Geely will contribute its 100 percent stake in Yiyi Power and 640 million yuan in cash to Nio Power. Geely's stake will be 30 percent once the deal is completed, subject to regulatory approvals and other closing conditions.
Nio, in turn, is set to take a 10 percent stake in Haohan Energy, Geely's charging company. The companies announced cooperation on common standards for swappable batteries and on combining their charging infrastructure.
Nio said that as of September 27 it had 4,126 battery swap stations and 5,307 charging stations in China. These are figures provided by the company, and the agreed stakes remain conditional until the deal closes.
Questions and answers
What stake in Nio Power will Geely take?
Geely is set to receive a 30 percent stake once the deal closes and the conditions are met.
How many battery swap stations did Nio report?
Nio reported 4,126 battery swap stations in China as of September 27, 2026.
Fact sheet
| Claim | Value | Source | As of |
|---|---|---|---|
| Planned Geely stake in Nio Power | 30% after the deal closes | agreement announced by Nio | Oct 12, 2026 |
| Cash contributed by Geely | 640 million yuan | agreement announced by Nio | Oct 12, 2026 |
| Planned Nio stake in Haohan Energy | 10% | agreement announced by Nio | Oct 12, 2026 |
| Nio Power Swap Stations | 4,126 as of Sep 27, 2026 | Nio data | Oct 12, 2026 |
Sources
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