Overview
- NIO said the first-round equity financing gathered Hefei State-owned Investment, Hefei Haiheng, IDG Capital, SMIC Juyuan and Yuanhe Puhua.
- Shenji’s 5nm NX9031 automotive-grade driving chip has been in scaled production since 2024 with cumulative shipments exceeding 150,000 across all NIO models.
- Proceeds will back continued R&D and commercialization of high-end chips, with planned products for embodied robots and Agent inference beyond NIO’s internal needs.
- The unit was established in June 2025 in Hefei to centralize chip R&D, mass production and licensing, with NIO executive Bai Jian in key leadership.
- Reporting described strong investor interest in the round, while insiders noted revenues are still largely tied to NIO as the company seeks external customers.