Portfolio Updates
NIO Capital Bulletin: October 2022 Edition

NIO Capital's Picks


NIO Capital Leads ClearMotion $39 Million Financing Round


NIO Capital led the $39 million financing round of ClearMotion, a leading software-defined chassis company. The financing will be used for a planned 2024 launch of ClearMotion's CM1 technology, with plans to expand globally. CM1 is ClearMotion's patented high-bandwidth active suspension technology that cancels unwanted motion in the car.


Leading ESG Initiatives


NIO Capital Named Among the Top by Cyzone


In September, NIO Capital was ranked among Top 50 ESG Best Practice Award for China's VC Firms and TOP 100 Most Admired Venture Capital Firms in China of 2022 by Cyzone, a business service platform.


NIO Capital Honored as Extraordinary Contributor to ESG Investment


21st Century Business Herald, a national newspaper in China, and 21st Century Venture Capital Institute listed NIO Capital in the recently released case studies of "2021–2022 Annual Extraordinary Contributors to ESG Investment". These cases are aimed at promoting ESG investment and encouraging firms to carry out ESG investment.


Auto Spare Parts Platform Yuan Planet to Establish Circular Economy Pilot Demonstration Zone in Anhui


Yuan Planet, a Chinese platform offering auto spare parts, signed an investment agreement with the government of Lu'an, a city in Anhui Province, to jointly build a circular supply chain of new energy vehicles by establishing a pilot demonstration zone in the Lu'an Economic and Technological Development Zone for the national circular economy.

The industrial park, positioned as a high-end aluminum die-casting low-carbon recycling zone, will become a supporting base for the local intelligent electric vehicle industry.

The first phase of the park is scheduled to be put into operation in the first half of 2023. After the first phase is completed, the carbon emissions of vehicle aluminum die-casting products will be reduced by about 50%.


Portfolio Spotlight


Automobiles and Logistics


Momenta and ADIC Sign Strategic Cooperation to Empower Intelligent Driving


In September, autonomous driving company Momenta and Aioi Nissay Dowa Insurance (China) Company Limited (ADIC) officially inked a strategic cooperation agreement. ADIC will combine its extensive experience in safe driving assessment with Momenta's self-developed in-vehicle devices and operations management platform to introduce solutions for companies to reduce traffic accidents. Both sides will work together on the basis of the advanced intelligent driving technology of Momenta to cut down traffic accidents and contribute to safer intelligent driving.


TrunkTech and CEVA Logistics Jointly Launch Cargo Service


TrunkTech, a leading autonomous truck technology company, announced a strategic cooperation agreement with CEVA Logistics, a global logistics and supply chain company. Both parties will complement each other on the basis of cutting-edge autonomous driving products and technology as well as high-quality logistics and transportation services, to take the lead in launching and promoting cargo services with new energy autonomous driving trucks in China and jointly build up a green and intelligent multi-modal distribution hub.


TrunkTech Plays Active Role in National Intelligent Transportation Projects


China's Ministry of Transport announced the pilot projects of intelligent transportation applications. Among the six announced projects of autonomous driving trucks for ports and trunk expressway logistics, TrunkTech participated in three, making it the enterprise with the most approved pilot projects., Caocao Mobility and Geely’s Intelligent Driving Center Jointly Build Smart Platform, Put Robotaxi in Suzhou signed a strategic cooperation agreement with Caocao Mobility, a Geely-backed online ride-hailing platform, and Geely Automobile Innovation Research Institute's intelligent driving center. will work with the two parties to jointly build an intelligent driving operation platform and put robotaxi services into use in Suzhou, Jiangsu Province.


AIPARK to build intelligent parking projects in Jiangsu and Fujian


Smart parking solution provider AIPARK concluded an agreement with Jiangsu Mobile Information System Integration Co., Ltd. to jointly construct the urban intelligent parking system (Phase III) in Hai'an City, Jiangsu Province, to solve parking problems there.

In addition, AIPARK won the bid for the first phase of intelligent parking project in the High-tech Zone of Fuzhou City, Fujian Province to improve the overall parking system there, to effectively address parking problems and optimize the capacity of urban road traffic.




AlphaESS Launches Operations in North America


The U.S. subsidiary of energy storage solution provider AlphaESS was officially inaugurated in September. Lin Dong, the assistant to AlphaESS president, said the opening in the U.S. represents another milestone in the company's worldwide development. Lin added that the residential energy storage system, SMILE-SP, which was created to meet the demand of the American market, has been chosen by many customers in the local market.


YKC Charging Partners with Xpeng Motors and Green Huilian


YKC Charging, which runs the second-largest charging platform in China, has established cooperative relationship with Xpeng Motors to help this leading Chinese electric vehicle company to expand its charging network throughout China.

YKC has signed a deal with Green Huilian, a provider of green transportation and intelligent vehicle networking platforms. With more than 270,000 high-quality energy replenishment terminals, YKC shares resources with "Smart Charging", the charging platform for logistics companies of Green Huilian, to help the latter's clients recharge their new energy vehicles smartly and digitally.


Aulton and Ruichi New Energy to Explore the Battery-swap Market for Minivans


Executives from Ruichi New Energy visited Aulton, a forerunner in the battery-swap sector. Both sides exchanged views on deepening their strategic partnership and promoting cooperation in the battery-swap market for new energy commercial vehicles, especially minivans in key regions throughout China.


Deep Technology


Biren Technology Wins SAIL Award at 2022 WAIC


The winners of Super AI Leader (SAIL) were announced at the 2022 World Artificial Intelligence Conference (WAIC). Semiconductor firm Biren's pioneering GPU chip beat 800 pieces and won the SAIL Award, the most prestigious honors presented at the WAIC.


Jaguar Microsystems and CIX Technology Jointly Build Data Center Alliance


Jaguar Microsystems, a leading semiconductor company specializing in data processor DPU chips, and CIX Technology, a start-up that makes computer CPUs based on the ARM architecture, have cooperated with eight other partners to set up Heterogeneous Data Center XPU Alliance to build a heterogeneous fusion arithmetic base of intelligent computing centers and respond to China's green and intensive carbon goals.


CIX Technology Strengthens Cooperation with Arm China and Lenovo


CIX Technology and Arm China will integrate their advantageous resources to jointly promote the R&D and ecological construction of Arm CPU.

CIX Technology and Lenovo will deepen the cooperation covering R&D, market expansion, sales, innovation and entrepreneurship services, etc., and devote to providing more energy-efficient computing solutions and products for worldwide users.


Nreal and NIO co-launches NIO Air AR Glasses


NIO Air AR Glasses, developed by Nreal and NIO, a leading EV maker in China, are now available, offering vehicle users a 3D visual effect equivalent to that of 4-meter and 130-inch screen and serving as the only in-vehicle AR glasses with anti-shake functions in the world. On the basis of multi-modal sensory fusion of the glasses and cabin sensors, NIO and Nreal have jointly developed anti-shake and anti-glare technology to provide a comfortable viewing experience while the vehicle is in motion.


Nreal X and Nreal Air Unveiled in China


Nreal launched Nreal X and Nreal Air AR classes in China. Looking forward, Nreal will cooperate with more partners in content, applications and hardware to provide more immersive scenarios for users and promote the development of AR.