Bearish
NIO stock hits new 52-week low of $3.48 amid Geely's 30% stake acquisition in NIO Power.
In the past 24 hours, NIO's stock price declined to a new 52-week low of $3.48, a drop of approximately 6%. This downturn follows Geely Holding Group's agreement to acquire a 30% stake in NIO Power, NIO's battery-swapping unit, for about $95 million in cash and assets. The deal values NIO Power at approximately $2.4 billion, with NIO China retaining a controlling 63.6% interest.
Key points
- NIO stock reaches a new 52-week low of $3.48 following Geely's acquisition.
- Geely's 30% stake in NIO Power valued at $2.4 billion; NIO retains 63.6% control.
- CEO William Li advocates for shared charging and battery-swap infrastructure among Chinese automakers.
- August deliveries rose 14.5% YoY to 35,836 vehicles; cumulative deliveries up 57.9% in 2026.
Sources
- NIO Stock Hits New 52-Week Low: Here’s WhyCoinCentral · September 29, 2026
- NIO Stock Hits New 52-Week Low as Geely Acquires 30% Stake in NIO PowerEdgeX · September 29, 2026
- NIO stock after-hours at EUR 3.01: plus 0.00 percent versus prior closeAD HOC NEWS · September 30, 2026
- NIO Inc. stock trades at EUR 2.99 after Geely battery dealAD HOC NEWS · September 30, 2026
AI-generated from public news sources. Not financial advice.
