NIO-SW (09866.HK) said a Geely Holding Group subsidiary signed a formal agreement to subscribe for newly issued equity in NIO Energy by contributing its 100% stake in EasyConnect Technology plus RMB 640 mln cash, subject to regulatory approvals and customary closing conditions. On closing the Geely unit will hold 30.0% of NIO Energy, NIO subsidiary NIO Holding Limited will retain 63.6% and existing investor Wuhan Guangchuang Xinxing Technology Phase I Venture Capital Fund (LP) will hold 6.4%. Th

NIO-SW (09866.HK) said a Geely Holding Group subsidiary signed a formal agreement to subscribe for newly issued equity in NIO Energy by contributing its 100% stake in EasyConnect Technology plus RMB 640 mln cash, subject to regulatory approvals and customary closing conditions. On closing the Geely unit will hold 30.0% of NIO Energy, NIO subsidiary NIO Holding Limited will retain 63.6% and existing investor Wuhan Guangchuang Xinxing Technology Phase I Venture Capital Fund (LP) will hold 6.4%. The transaction values NIO Energy at about RMB 16.0 bln post‑money.