✉news LifeAutos first seen 7 h ago, last 40 min ago, peak #7
Nio Falls as Geely Buys 30% of Nio Power
Original: Nio Slides 4% as Geely Takes 30% Stake in Nio Power Unit; XPeng Drops 4%, Tesla Slips
Chinese electric vehicle maker Nio saw its shares slide around 4% after Geely acquired a 30% stake in its power unit, Nio Power, which runs the company's battery-swap network. The deal signals Geely deepening its involvement in Nio's charging infrastructure. Fellow EV maker XPeng also dropped about 4%, while Tesla shares slipped modestly in the same trading session.
Why now: A major stake sale in Nio's power unit by Geely is moving EV stocks and drawing investor attention.
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 40 min ago.
Evidence
- Nio Slides 4% as Geely Takes 30% Stake in Nio Power Unit; XPeng Drops 4%, Tesla Slips · 24/7 Wall St.
API: https://socialmediatrends-api.osmike.com/v1/trends/367732