On February 26, NIO unveiled that its chipmaking subsidiary, Anhui Shenji Technology Co., Ltd., had successfully closed its Series A equity financing round, amassing over RMB 2.2 billion and achieving a post-money valuation of approximately RMB 10 billion. This funding round drew participation from a diverse array of industrial capital entities and top-tier industry players, such as Hefei State Investment, Hefei Haiheng, IDG Capital, Zhongxin Juyuan, and Cowin Capital. The capital infusion will propel Shenji’s relentless pursuit of innovation in high-end chip development, solidifying NIO’s strategic foothold in autonomous driving, embodied AI, and other cutting-edge domains.
