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Geely acquires 30% stake in Nio Power

PRIVATEOct 01, 2026

Round Type

Venture

Hangzhou CityManufacturingAutomotive

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.

Fundz sees it the moment Geely raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Geely's next move

See what Strategic adds

Geely raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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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.