Nio, Geely deepen battery-swapping tie-up with cross-investment
Nio and Geely began working together on battery swapping in November 2023, when Geely joined Nio’s battery-swapping alliance.
Nio and Geely began working together on battery swapping in November 2023, when Geely joined Nio’s battery-swapping alliance.
The 104 Zhejiang companies making the list span internet services, automotive, chemicals, advanced materials and smart manufacturing.
The first vehicle rolling off the line less than a year after the partnership was signed highlights the speed of the approach.

He also criticized what he called overly aggressive innovation, in which insufficiently tested designs are incorporated into vehicles.

The real test for the succession will be whether “One Geely” can deliver more than the founder alone could.

The company has ranked No. 1 in China’s new-energy commercial vehicle market for four consecutive years since entering the sector a decade ago.

The company has built a product lineup spanning four series — A, B, C and D — covering price ranges from 60,000 yuan ($8,888) to 300,000 yuan.

The move comes as Geely expands its “All-Domain AI” strategy from technology integration toward deeper vehicle intelligence.

The surge reflects the rapid overseas expansion of Chinese EV manufacturers, as global demand for affordable electric vehicles continues to rise.

The latest chart underscores the province’s resilience and Hangzhou’s growing role as one of China’s leading corporate headquarters.