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Home » NIO Plans to Spin Off Its Battery Unit: Report. Why It’s Good for the Stock.

NIO Plans to Spin Off Its Battery Unit: Report. Why It’s Good for the Stock.

    STOCKSTOWATCHTODAY BLOG Chinese electric vehicle maker NIO could spin off its battery production arm by the end of this year, Reuters reported, citing unidentified people familiar with the plans. The move would be part of the push to make the company profitable and reduce costs.

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