Two of China’s EV Makers Announce a Deal as Auto Industry Moves Toward Consolidation — Live Feedhttps://www.live-feeds.com/feed/two-of-china-s-ev-makers-announce-a-deal-as-auto-industry-moves-toward-consolidationContinuously updated, source-cited coverage. China's EV makers NIO and Geely announce strategic partnershiphttps://www.live-feeds.com/feed/two-of-china-s-ev-makers-announce-a-deal-as-auto-industry-moves-toward-consolidationhttps://www.live-feeds.com/feed/two-of-china-s-ev-makers-announce-a-deal-as-auto-industry-moves-toward-consolidation#u91619Wed, 30 Sep 2026 20:23:38 +0000NIO and Geely are partnering on charging and battery swapping. The deal is seen as a move towards consolidation in China's crowded car industry, which is facing overcapacity, declining domestic sales, and possible EU restrictions. The partnership will help NIO and Geely focus resources and reduce product lines amidst competition and falling profits.Why it mattersChina's auto industry is plagued with overcapacity and declining domestic sales. Manufacturers are under pressure to consolidate and form strategic partnerships to stay competitive. The partnership between NIO and Geely is se