NIO sells 30% of battery swap unit to Geely at more than $2 billion

While oil prices and range anxiety dominate Western EV headlines, Nio’s battery-swap system in China keeps reaching new milestones that prove the technology can rival a traditional refueling infrastructure at scale, performing 1.2 million battery swaps over the holiday. Nio kicked off this year busting record after record, posting six-figure swap numbers during the third day of the Chinese Lunar New Year celebrations and marking the third such record for Nio in as many days – but the company hasn’t stoped there. New reports indicate the company broke those impressive records again, performing nearly 1.2 million swaps over the National Day celebrations last week.

NIO delivered 109,178 electric vehicles in the third quarter of 2026, a 25.4% increase over last year and right inside the 108,000 to 111,000 range it guided for in September. But the quarter ended on a weak note. September deliveries grew just 7.7% year-over-year to 37,408 units, the slowest pace of 2026, as the ONVO brand fell 43%.

Huawei’s smart car business is signing on to CATL’s battery swap network, giving the world’s largest battery maker another heavyweight partner for a technology most of the industry wrote off a decade ago. Yinwang, the Huawei-controlled automotive unit also known as Newcool, signed a strategic cooperation framework with CATL and its swap subsidiary CAES on Monday. CATL’s Choco-swap network already counts 2,520 stations across about 200 Chinese cities.

Evan Williams is an automotive journalist and mechanical engineering technologist with more than a decade of experience in the industry. He has written for the Toronto Star and AutoTrader Canada and previously served as editor of Wheelscene.ca. A four-time Canadian Automotive Journalism Award winner, he is the current President of the Automobile Journalists Association of Canada, where he oversees the Canadian Car of the Year Awards program. At CarBuzz for the last year, Evan uses his engineering background to analyze vehicle tech and patents, with a focus on the details that defines great cars. How complicated are modern cars? Even the companies that build them are starting to get worried about all the features. CarBuzz has just found a patent from Ford that would let you simulate using more of those features while the car isn't moving. But it would also demand you simulate them before you can actually use them.

Michal studies Automotive Journalism at Coventry University in the UK, and has been writing for CarBuzz since March 2025. He was nominated for student culture piece of the year recently and has been the Vavel.com F1 Editor. He studied Journalism at university to combine his love of writing and cars. Michal's love for cars started when he couldn't sleep as a baby. His father would watch the only thing on TV to help them relax - Formula 1. Since then, he's felt like he's had a V10 ringing in his mind.

Gerhard started his career in automotive journalism in 2010, after finishing degrees in Communication, English, and Politics, and diplomas in Film and Art Appreciation and Graphic Design. He's currently a senior editor with experience in local and global coverage, and more than 1,000 test cars driven. He started his career at CarBuzz in January 2021. BMW builds engines so good that rival manufacturers have been quietly borrowing them for decades. While the brand's silky inline-six gets most of the glory, it's the V8 lineup that tells an equally compelling story — one that stretches back to the early 1950s, when BMW released its OHV V8 inspired in part by designs like the Oldsmobile Rocket 88. Today, BMW V8s power everything from the M5 to the XM — but the reach of these engines extends well beyond Munich's own showrooms. Several BMW V8s have found their way into cars built by other automakers, from obscure small-scale manufacturers to globally recognized names. Here's a look at the non-BMW models that have run on BMW V8 power over the years.