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Geely is paying 640 million yuan (approximately US$95 million) in cash to NIO as part of their battery-swapping strategic partnership.
Additionally, the comprehensive agreement features an option allowing Geely to invest an identical 640 million yuan in cash within two years to increase its equity stake in NIO Power to 34%.
How long can this money last?
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Stay safe. Buy cautiously with money you really have.
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Waiting for Nio promoters.
Buyers coming?
Sellers are waiting to strike.
What you can't kill is going to get stronger.
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They don't care about the share price.
They just want to expand and expand.
Money easy come easy go.
Old habits die hard.
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Buying now just hold until year end to see what awaits.
If you throw in a million then maybe you might see another million.
Shortsellers have already made their millions and longs have lost millions.
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Not even a single cent received and paper losses ballooning.
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No idea when can get the money back.
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Congrats.
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