{
    "success": true,
    "data": {
        "id": 2016283,
        "msgid": "geely-invests-rp1-7-trillion-in-battery-industry-1790953144",
        "date": "2026-10-02 20:40:54",
        "title": "Geely invests Rp1.7 trillion in battery industry",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Business",
        "summary": "Chinese automotive giants Zhejiang Geely Holding Group and NIO are strengthening their partnership with an investment of Rp1.7 trillion (640 million yuan) focused on charging and battery swapping. The collaboration aims to develop integrated technology standards and expand the accessibility of electric vehicle energy solutions.",
        "content": "<p>The Chinese automotive brand, Zhejiang Geely Holding Group Co.,\nLtd.\u00a0(ZGH), and NIO Holding Co., Ltd.\u00a0(NIO) are continuing to strengthen\ntheir partnership in the charging and battery swapping segment with an\ninvestment reaching Rp1.7 trillion or 640 million yuan.<\/p>\n<p>CEO of Zhejiang Geely Holding Group, Andy An Conghui, stated that the\nindustry requires a more reliable supply chain, higher quality and\nefficiency, as well as safer, more environmentally friendly, and\ncollaborative development.<\/p>\n<p>\u201cThe charging network is public infrastructure that can provide\nwidespread benefits to society. Therefore, this network needs to be\nbuilt together, used openly, and interconnected between systems to\nprovide greater value to users,\u201d said Andy An Conghui in an official\nstatement on Friday.<\/p>\n<p>The two companies will develop integrated battery swapping standards\nand technology for passenger vehicle models. Geely Holding Group will\ndevelop passenger vehicle models that support battery swapping systems,\nwhile NIO Power will provide the service for the relevant models.<\/p>\n<p>This move is expected to expand the range of energy solutions for\nelectric vehicle users while supporting a more efficient mobility\nexperience.<\/p>\n<p>Meanwhile, the Founder, Chairman, and CEO of NIO, William Li,\nexplained that over the last decade, the smart electric vehicle industry\nin China has grown rapidly due to continuous technological progress and\ninnovation.<\/p>\n<p>\u201cMoving forward, the industry needs to not only continue innovating\nbut also become more efficient in converting innovation into added value\nfor users. This cooperation unites the strengths built by both companies\nover the years through closer collaboration in technology, standards,\noperations, assets, and investment,\u201d explained William Li.<\/p>\n<p>In the field of smart charging, NIO will also invest in Zhejiang\nHaohan Energy Technology Co., Ltd.\u00a0(Haohan Energy), a subsidiary of ZGH.\nUpon completion of the transaction, NIO will hold a 10 per cent stake in\nHaohan Energy.<\/p>\n<p>Through this partnership, Geely Holding Group and NIO will connect\nthe charging infrastructures of both companies, expand network coverage,\nand increase operational efficiency.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/geely-invests-rp1-7-trillion-in-battery-industry-1790953144",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}