NIO's chip subsidiary secures over RMB 2.2 billion in Series A funding, valued near RMB 10 billion post-investment

On February 26, Anhui Shenji Technology Co., Ltd.—a chip subsidiary of NIO—announced the completion of its Series A financing round, raising over RMB 2.2 billion, with a post-money valuation nearing RMB 10 billion. The round was jointly participated by multiple industrial investors and leading institutions, including Hefei State-owned Capital Investment Group, Hefei Haiheng Investment Holding Group, IDG Capital, SMIC Polyfund, and Yuanhe Puhua. The proceeds will be used to advance high-end chip development and market expansion, supporting NIO’s long-term strategic initiatives in autonomous driving and embodied intelligence. Shenji is China’s first company to develop and mass-produce 5nm automotive-grade chips at scale. Its flagship product, the “Shenji NX9031,” delivers industry-leading performance and has shipped over 150,000 units since entering production in 2024, powering all NIO vehicle models. Looking ahead, the company plans to expand its chip portfolio by launching next-generation high-performance chips for intelligent driving, while venturing into emerging fields such as embodied robotics and AI agent inference. It also aims to tap into external markets by offering comprehensive chip and intelligent hardware solutions.