Eric Li (Li Shufu)

Founder and chairperson of Geely Holding Group

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Stories

Geely takes 30% stake in NIO's battery swapping unit

Money Moves

Overseeing Geely's acquisition of 30% of NIO Power

Geely Holding Group is buying 30% of NIO Power, the battery-swapping unit of rival EV maker NIO. The deal values the unit at about 16 billion yuan ($2.4 billion).

Updated 1 hour ago