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    Nio Falls 4% as Geely Buys 30% Stake in Nio Power▼Nio Slides 4% as Geely Takes 30% Stake in Nio Power Unit; XPeng Drops 4%, Tesla Slips✉newsLifeAutos24 min ago

    Chinese electric vehicle stocks moved lower after Geely acquired a 30% stake in Nio Power, the battery swapping and charging arm of Nio. Nio shares slid around 4% on the news, while rival XPeng also dropped 4% and Tesla slipped. Investors appear to be weighing what Geely's investment means for Nio's capital structure and the future of its power network.