Movement Alert|NIO Inc. Intraday Rise 5.13%, Battery Swap Record High and Geely Cooperation Boost Sentiment

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Yesterday

On October 9, NIO Inc. rose 5.13% in regular trading, trading at $3.585/share, with Turnover of $31.00 million.

The move came after NIO Power posted record battery swap volumes during the holiday period, including a single-day high of 183,664 swaps on October 5, while NIO and Geely Holding announced a comprehensive strategic partnership in charging and battery swap.

Geely plans to subscribe to new shares of NIO Power with 100% equity of Yiyi Interconnection plus RMB 640 million in cash, and NIO will hold a 10% stake in Haohan Energy, deepening capital ties and strengthening the scale effect of the swap network.

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