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catl seeks controlling stake in nio power amid strategic investment talks

CATL is negotiating to acquire a controlling stake in Nio Power after investing RMB 2.5 billion in March. Nio Power, valued at over RMB 10 billion in 2024, saw its valuation drop to around RMB 10 billion, suggesting CATL could secure a 25% stake through this investment. Nio, a leader in battery swapping, continues to expand its network with CATL's support.
CnEVPost
Offshore Chinese Yuan United States Dollar NIO Inc. Sinopec Group CATLOKI USD CHN William Li Shen Fei Stanley Qu Show more
Business & Industry, Market Report
11:17 07.04.2025

alan ai resigns as onvo president amid underwhelming vehicle sales performance

Alan Ai has stepped down as president of Onvo, with Shen Fei, head of Nio Power, taking over the role. Ai's resignation follows disappointing sales of the Onvo L60, which he acknowledged did not meet expectations, and he expressed his commitment to accountability for the brand's performance. Nio is undergoing organizational restructuring to enhance cost control and management efficiency.
CnEVPost
United States Dollar Offshore Chinese Yuan NIO Inc. Tesla, Inc. CHN Shen Fei Lihong Qin Qinghua Xia Stanley Qu William Li Alan Ai Show more
Business & Industry, News Article
04:03 02.04.2025
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