CATL in negotiations to acquire majority stake in Nio’s power unit

Published 07/04/2025, 10:06
© Reuters.

Investing.com -- Reuters reports today that the Chinese battery giant, CATL, is in discussions to acquire a controlling stake in Nio (NYSE:NIO)’s power unit, which operates more than 3,000 battery swapping stations across China.

This move comes after CATL announced a maximum investment of 2.5 billion yuan ($342 million) in Nio Power back in March.

However, it was noted that Nio Power was valued at over 10 billion yuan during a fundraising round in 2024.

The exact details of the potential deal and its implications remain undisclosed at this time.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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