✉news LifeAutos first seen 5 h ago, last 11 min ago, peak #7
Nio Slides 4% as Geely Buys 30% Stake in Nio Power
Original: Nio Slides 4% as Geely Takes 30% Stake in Nio Power Unit; XPeng Drops 4%, Tesla Slips
Shares of Chinese EV maker Nio fell about 4% after Geely took a 30% stake in Nio Power, Nio's battery swapping and charging unit. The deal gives Geely a significant holding in the power infrastructure business. XPeng also dropped around 4% in the same trading session, while Tesla shares slipped modestly, as weakness spread across EV-related stocks.
Why now: The surprise stake sale by Nio in its power unit and the broad EV stock decline are driving investor attention.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 11 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