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On September 28, NIO and Geely Holding Group forged a comprehensive strategic partnership in the realm of battery charging and swapping. This cooperation spans three key dimensions: technology, operations, and capital. Geely will secure a stake in NIO Power by acquiring equity in Yi Yi Interconnection and injecting cash. In return, NIO will obtain a stake in Geely's Haohan Energy. The two sides are committed to jointly constructing a service network and sharing technologies and standards. This move aligns with industry trends where collaborative efforts are increasingly vital for advancing electric vehicle infrastructure, as a unified approach can enhance efficiency, reduce costs, and provide a more seamless experience for consumers in the rapidly growing electric vehicle market.
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