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Geely acquires 30% stake in Nio Power

PRIVATESep 30, 2026

Acquiring Company

Geely

Acquired Company

NIO

Hangzhou CityShanghaiManufacturingAutomotiveManufacturingAutomotiveElectronicsElectric VehicleBattery

Description

Geely has purchased a 30% stake in Nio Power, valuing the battery swapping business at approximately $2.4 billion. This investment highlights Geely's interest in enhancing its electric vehicle technology. The transaction represents a significant portion of Nio's overall market valuation, which currently stands around $8 billion.

Company Information

Company

Geely

Location

Hangzhou City, Zhejiang, China

About

Geely is a Chinese multinational automotive manufacturing company. It is known for its ownership of Volvo Cars and Polestar. The company focuses on producing vehicles and is expanding its influence in the electric vehicle sector.

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Frequently asked

Who acquired NIO?

NIO was acquired by Geely, based in Hangzhou City. The deal was reported on September 30, 2026. Geely is a Chinese multinational automotive manufacturing company. It is known for its ownership of Volvo Cars and Polestar. Geely is privately held and operates in Manufacturing.

When did Geely acquire NIO?

Geely's acquisition of NIO was reported on September 30, 2026. Geely has purchased a 30% stake in Nio Power, valuing the battery swapping business at approximately $2.4 billion. This investment highlights Geely's interest in enhancing its electric vehicle technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NIO do?

NIO is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. It is publicly traded (NIO), operating in Manufacturing, and is based in Shanghai.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.