Geely Gets 30% of NIO Power

AI Summary

Geely acquired a 30% stake in NIO Power, expanding its involvement in battery-swapping infrastructure for electric vehicles. The report situates the transaction within the longer history of EV battery-swapping ventures.

Battery swapping has been a concept for electric vehicles for much longer than I’ve been covering the technology (which is more than 14 years). Better Place launched and grew, and then went bankrupt. Some other battery swapping trials have come and gone much more quietly. And then there’s NIO. NIO ... [continued] The post Geely Gets 30% of NIO Power appeared first on CleanTechnica.