Movement Alert｜GEELY AUTO Rises 4.03% in Regular Trading, NIO Battery-Swap Strategic Partnership In Focus

Market Focus09:33

On October 12, GEELY AUTO rose 4.03% in regular trading, trading at HK$15.76 with turnover of HK$72.2521 million. The advance followed reports that Geely Holding and NIO entered a comprehensive strategic partnership in the charging and battery-swap sector through a cross-equity arrangement.

Geely will contribute its Yiyi Interconnect 100% equity and RMB 640 million in cash for a 30% stake in NIO Energy, while NIO will take a 10% stake in Geely's Haohan Energy. The two sides will jointly build unified C-end battery-swap technology and standards, with Geely developing C-end swap-enabled models served by NIO Energy. September sales reached 292,168 units, up 7% year-over-year, a record high for the year, driven by ZEEKR's 103.8% surge. Analysts maintained a Buy rating, citing exports and premium brands as growth drivers.

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