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NIO's Chip Unit Anhui Shenji Secures Initial Funding Round, Valuation Soars to Nearly 10 Billion Yuan Post-Investment
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Author：小编
On February 26, NIO unveiled that its chip-focused subsidiary, Anhui Shenji Technology Co., Ltd., had inked a deal for its inaugural equity financing round, amassing over 2.2 billion yuan and achieving a post-investment valuation close to the 10 billion yuan mark. This funding endeavor attracted a diverse array of industrial capital entities and prominent industry players, such as Hefei State Investment, Hefei Haiheng, and IDG Capital. The infusion of capital will empower Shenji to persist in its pursuit of high-end chip development and bolster NIO's strategic vision in key domains, notably autonomous driving.
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