---
title: "Nio confirms its chip unit secures $330 million in 1st round of funding"
description: "Nio has confirmed that its chip division has secured $330 million (RMB 2.257 billion) in a funding agreement, validating previous reports. Following the investment, Nio will maintain a 62.7% controlli"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277016606.md"
published_at: "2026-02-26T09:37:17.000Z"
---

# Nio confirms its chip unit secures $330 million in 1st round of funding

> Nio has confirmed that its chip division has secured $330 million (RMB 2.257 billion) in a funding agreement, validating previous reports. Following the investment, Nio will maintain a 62.7% controlling stake in its subsidiary, Shenji, which focuses on intelligent-driving chip development. The investment transaction is subject to customary closing conditions and brings Shenji's post-investment valuation to nearly RMB 10 billion.

*This article is being updated, please refresh later for more content.*

> Nio has confirmed its chip division has finalized a RMB 2.257 billion yuan ($330 million) investment agreement, validating earlier media reports.

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Nio has confirmed its chip division has finalized a RMB 2.257 billion yuan ($330 million) investment agreement, validating earlier media reports.

Following the completion of the transaction, a subsidiary of Nio will continue to hold a 62.7% controlling stake in Shenji, and Nio Inc will continue to consolidate its financial statements.

**Below is its statement, as the CnEVPost article is being updated.**

NIO Inc.’s Subsidiary Enters into Definitive Agreements for RMB2.257 Billion Investment

SHANGHAI, Feb. 26, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced that the Company and GeniTech Co., Ltd. (“Shenji”), a subsidiary of the Company, entered into definitive agreements with certain investors in China (the “Shenji Investors”), pursuant to which the Shenji Investors will invest an aggregate of RMB2.257 billion in cash to subscribe for Shenji’s newly issued shares (the “Investment Transaction”).

Shenji is primarily responsible for NIO’s intelligent-driving chip related business.

The Investment Transaction is subject to customary closing conditions. Upon completion of the Investment Transaction, a subsidiary of NIO will continue to hold a controlling equity interest of 62.7% in Shenji and NIO will continue to consolidate its financial results. The Shenji investors will collectively hold 27.3% of Shenji’s equity interest.

Certain entities holding shares to administer Shenji’s share incentive plan will collectively hold the remaining 10.0% of Shenji’s equity interest.

Nio chip unit reportedly raises over $290 million in 1st funding round

This brings the post-investment valuation of Nio's chip unit to nearly RMB 10 billion.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.