The Zhitong Finance App learned that NIO - SW (09866) rose more than 3% in early trading. As of press release, it had risen 2.85% to HK$28.86, with a turnover of HK$19.566 million.

According to the news, NIO - SW announced that on September 28, 2026, the company announced that it had entered into formal agreements with several subsidiaries of Jiangjili Holding Group Co., Ltd. (Geely Holding Group) to carry out strategic transactions in the electricity exchange and charging business.

According to the formal agreement, a subsidiary of Geely Holding Group will subscribe for the newly issued shares of NIO Energy Investment (Hubei) Co., Ltd. (NIO Energy) (a subsidiary of Geely Holding Group that provides electricity exchange services to the operating vehicle market) at the cost of 100% of the shares held by Geely Connect Technology (Chongqing) Co., Ltd. (NIO Energy) (NIO Energy) (a subsidiary that operates power exchange and charging services under NIO), which is subject to regulatory approval and other customary settlement conditions.

After the transaction is completed, the Geely Holding Group subsidiary will hold 30.0% of NIO Energy's total shares, NIO's subsidiary NIO Holdings Co., Ltd. (NIO China) will continue to hold 63.6% of the controlling interest, while an existing investor, Wuhan Guangxin Technology Phase I Venture Capital Fund Partnership (limited partnership), will hold the remaining 6.4% of the shares. The deal's post-investment valuation of NIO Energy is approximately RMB 16 billion.

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