
Nio reportedly licenses its tech to auto chipmaker, gains revenue from one of its most cash-burning projects

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Nio has started licensing its Shenji NX9031 chip technology to an automotive chip company, generating revenue from a cash-intensive project. This move aligns with Nio's cost-cutting and revenue diversification efforts amid cash flow pressures. The licensing models vary in contract values, with single IP licenses in the millions and SoC technology in the hundreds of millions of RMB. Nio's chip business is set for commercial expansion, with plans to spin off as Anhui Shenji Technology Co Ltd, allowing orders from other automakers.
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