Nio sells a 30% stake in its battery swapping arm to Geely

Nio has agreed to sell a 30% stake in its battery swapping business, Nio Power, to Zhejiang Geely Holding Group, the company said on Monday. The two Chinese carmakers will also share technology and standards and build a joint service network. Geely Holding will pay with its whole battery swapping unit, Yiyi Power, plus 640 […] This story continues at The Next Web