On October 12, NIO-SW rose 3.25% in regular trading, trading at 27.98 Hong Kong dollars with turnover of 6.2043 million Hong Kong dollars. The upward movement was driven by multiple positive catalysts, including the continued digestion of NIO's comprehensive charging and battery swap strategic cooperation with Geely Holding, as well as the regional milestone of reaching 500 battery swap stations in Guangdong province.

Regarding the cooperation, Geely Holding plans to subscribe for new equity in NIO Energy with 100% equity interest in Yiyi Hulian and 640 million yuan in cash, resulting in a 30% stake, while NIO will hold a 10% stake in Geely's Haohan Energy. Both parties will jointly build a unified battery swap standard, making this cooperation the only truly deep binding among battery swap alliances.

Separately, on October 11, as six fifth-generation swap stations went online across six cities including Guangzhou and Shenzhen, NIO officially reached 500 battery swap stations in Guangdong. Cumulative swap services in the province have exceeded 17 million, accounting for approximately 13% of the national total. In Guangdong's pure electric market priced above 250,000 yuan, NIO ranks first in cumulative sales with a market share of 27.3%.

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