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The BrightVolt Take: Geely’s Nio Deal Won’t Fix Car Swapping

The BrightVolt Take: Geely’s Nio Deal Won’t Fix Car Swapping

Oct 1, 2026 | Battery Technology, Charging & Infrastructure, Electric Vehicles

Geely is buying 30% of Nio’s battery-swapping arm at a valuation of about 16 billion yuan ($2.2 billion), and the market is reading it as the moment car battery-swapping finally cleared the problem that has always defined it: nobody else’s cars can use the...