Portfolio Updates
NIO Capital Bulletin: January 2023 Edition

NIO Capital’s Picks


NIO Capital Listed among 2022 Top 100 China Venture Capital Firms by Zero2IPO


For the third straight year, NIO Capital has been honored among the TOP 100 China Venture Capital & Private Equity Firms by Zero2IPO Research.


NIO Capital CEO Club Shares Tips with Portfolio Companies on Expansion into Europe


During the activity, NIO Capital portfolio companies analyzed opportunities and challenges in European new energy and electric vehicle markets based on NIO Capital’s Report on New Layout of European Energy Industry, and executives shared their companies’ experience on expansion into Europe.


NIO Capital Co-leads Series C Round of Enkris Semiconductor


NIO Capital co-led Series C round financing of Enkris Semiconductor, a company dedicated to R&D and industrialization of gallium nitride (GaN), the third generation of semiconductor material. The company, founded by Cheng Kai, the inventor of some GaN-on-Si technologies, has won praise from global clients and presented its latest innovation in renowned journals and international conferences. Up till now, Enkris Semiconductor has applied for nearly 500 patents, 150 of which have been approved.


Leading ESG Initiatives


Inceptio Technology Cooperates with Budweiser Brewing Company China


Autonomous driving truck developer Inceptio Technology and Budweiser Brewing Company China, one of the beer giants in Asia Pacific, signed strategic cooperation to operate autonomous driving pilot routes for long-haul logistics, an environmental-friendly logistics initiative in the AI era.


EACON Helps Construct Zero-emissions Mines


Autonomous driving company EACON will provide 40 YTK90E pure electric and driverless trucks to build the first domestic zero-emission mine in Shandong Honghe Baili Mining.


Portfolio Spotlight


NIO Capital Portfolio @CES2023


Four of NIO Capital’s portfolio companies showcased their cutting-edge technologies at CES2023 in Las Vegas. VR/AR technology company NOLO and energy storage solution provider AlphaESS exhibited products at the summit. Image-grade LiDAR system developer Innovusion and electrochromic (EC) smart glass manufacturer Ambilight earned 2023 CES Innovation Awards.


NIO Capital Portfolio Companies Win Prestigious Auto Parts Industry Awards


Innovusion, Momenta and Black Sesame Technologies won 2022 Lingxuan Awards, also known as China Automotive Parts Industry Awards. Launched by Auto Business Review in 2016, such awards have grown into one of the most prestigious honors in the auto parts industry, with the influence equivalent to the Oscars in the film sector.


Automobiles and Logistics


Inceptio Technology to use Horizon Robotics’ Chips


Inceptio Technology has decided to apply Journey 5 chips of Horizon Robotics, a leader in energy-efficient computing platforms for smart vehicles, in long-haul logistics. Inceptio’s computing platform with self-developed Xuanyuan system for autonomous trucks will be equipped with two Journey 5 chips to fulfill high-efficiency and flexibility.


TRUNK, CMST Jointly Build Smart Bulk Commodity Logistics Transportation Project


China’s leading autonomous truck provider TRUNK announced cooperation with CMST, a domestic smart logistics firm, to establish the first bulk commodity intelligent logistics operation project. The two parties will build and run a service platform with 5,000 autonomous trucks to offer more efficient and economic transportation services in five years.’s Newest System Featured on ICV Catalogue by Guangzhou


AION LX Plus, a vehicle model carrying autonomous vehicle start-up’s sixth-generation autonomous driving system, was included in the second Intelligent Connected Vehicle (ICV) Catalogue by the Guangzhou government. This marks another milestone for the company after passenger and commercial vehicles carrying its autonomous driving systems were listed in this catalogue in June 30, 2022 for the first time.




Aulton and China National Petroleum Corporation Jointly Set Up the First Comprehensive Power Station


Battery swap service provider Aulton and the Shanghai branch of China National Petroleum Corporation updated a gas station in the metropolitan in their first cooperation, providing both gasoline and battery swap services.


NewLink Awarded as a Forbes China’s Top 100 Digital Trade Companies


Digital energy solution provider NewLink has been ranked in the Forbes China’s Top 100 Digital Trade Companies list. NewLink is the only one from the energy sector in the list which celebrates outstanding companies which boost trade digitalization worldwide.


Deep Technology


Ambilight Releases World’s First Black-gray Smart Dimming Canopy on NIO Day


NIO’s flagship coupe SUV EC7 can be equipped with a new generation of black-gray smart dimming canopy. Electrochromic technology developer Ambilight Technology will provide the core color-changing material, black-grey electrochromic film, for the smart dimming canopy. This is another significant cooperation since NIO’s SUV ES7 was equipped with Ambilight all-solid-state automatic anti-glare rear view mirror.


Nreal Achieves Mass Production of 100,000 AR Glasses


Augmented reality glasses firm Nreal’s production reached a milestone after 100,000 pairs of their second-generation AR glasses rolled off the production line. Additionally, Nreal shipments in the fourth quarter of 2022 exceeded 70,000 units.


Black Sesame Technologies Receives Strategic Investment from Dongfeng Motor


Chinese autonomous driving chip manufacturer Black Sesame Technologies secured strategic investment from Dongfeng Asset Management owned by the automaker. The company also announced cooperation with Dongfeng Motor Corporation for its first electric sedan and SUV.


CATL Starts to Produce Batteries in Germany, Recognizes United Winners as the “Best Supplier”


Contemporary Amperex Technology Co., Ltd. (CATL), the largest EV battery provider in the world, produced its first batch of products in its first overseas factory in Thuringia, Germany. In this lithium-ion battery project, United Winners, a laser-wielding machine and automation provider, was named by CATL as the best supplier.