AI Summary

Geely has acquired a 30 percent stake in NIO Power, the battery‑swapping subsidiary of electric‑vehicle maker NIO. The move follows a long history of battery‑swapping experiments, from Better Place’s rise and collapse to quieter trials by other firms. NIO’s battery‑swapping network remains a core component of its EV strategy, and the new partnership with Geely is intended to strengthen that capability.

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