NIO Capital Updates

 

▌Ian Zhu and Carl Guan from NIO Capital Attended the 37th AVCJ Private Equity Forum on Invitation

 

Ian Zhu, Managing Partner of NIO Capital, reminded attendees at the forum that despite the downturn cycles of the past few years making many people pessimistic, cycles do change and the true lesson is to focus on fundamentals.

 

Carl Guan, Managing Director of NIO Capital, shared his investor's perspective, while Sun Ziqi, Secretary to the Board of AlphaESS, a portfolio company of NIO Capital, provided insights from his role in company management. Both discussed the challenges and opportunities for investors and enterprises in aligning ESG frameworks with financial goals.

 

The forum reportedly attracted over 3,800 senior investors, advisors, and regulators from around the globe.

 

 

▌NIO Capital and Portfolio Companies Showcase China's Intelligent Automotive Industry at CIIE

 

During the seventh China International Import Expo (CIIE), Yao Li, a partner of NIO Capital, spoke at a sub-forum on Chinese companies' globalization efforts and foreign companies' localization in China. He emphasized that China's automotive sector is still in the early stages of its true overseas expansion. Meanwhile, NIO Capital's portfolio companies, including intelligent vehicle computing chips developer Black Sesame Technologies, integrated automotive service provider Tuhu, and autonomous driving company Pony.ai, exhibited at the expo, showcasing to the global audience their cutting-edge products and services as part of China's thriving intelligent automotive industry.

 

 

▌NIO Capital Joins Forces with Charities for Welfare Activities in Shanghai and Beijing

 

NIO Capital, along with NIO Users Foundation, Save the Children, and Friends of Nature Wetland Protection Group, organized public welfare activities in Shanghai and Beijing. In Shanghai, the focus was on caring for children with special needs and making charitable donations, while in Beijing, the emphasis was on wetland protection. NIO Capital employees, joined by their familiesspouses and children, participated in these activities, continuing to embody the philosophy of practicing public welfare through everyday deeds and influencing their friends and family through action. These efforts also echoed the theme of this year's World Children's Day, "Listen to the Future."

 

 

Portfolio Updates

 

IPO Updates 

 

▌Pony.ai Lists on Nasdaq with Stock Code "PONY"

Pony.ai has listed on the Nasdaq stock exchange with the stock code "PONY". Since its launch of Robotaxi services in 2018, Pony.ai has become a global leader in autonomous driving technology and operational scale. It is one of the first companies in China to obtain licenses for autonomous ride-hailing services in Beijing, Shanghai, Guangzhou, and Shenzhen, and it is the only autonomous driving company to have obtained all Robotaxi regulatory licenses in these four major cities.

 

 

Business Milestones 

 

▌Momenta Collaborates with Dongfeng Nissan to Develop High-Level Autonomous Driving Solution

 

Momenta has collaborated with Dongfeng Nissan to develop an industry-leading high-level autonomous driving solution based on an end-to-end autonomous driving large model.

 

▌SINPRO Secures Mass Production Commitment from Level 4 Autonomous Driving Project

 

SINPRO, an automotive-grade environmental perception solutions provider, has secured a mass production commitment for a large Level 4 autonomous driving project in China. The company specializes in the large-scale mass production of automotive-grade 4D imaging radar perception solutions. Its products facilitate multi-sensor fusion perception, thereby revolutionizing the safe and scalable operation of autonomous vehicles.

 

▌PCG Power Completes Industrial-Commercial Energy Storage Station for Siemens and Connects 5.9MW Rooftop Distributed PV Project for Chenming Group

 

PCG Power, a comprehensive energy management service provider, has completed the construction of an industrial-commercial energy storage station for Siemens and connected a 5.9MW rooftop distributed photovoltaic (PV) project for Chenming Group, the leading enterprise in Chinese papermaking industry.

 

Upon completion of the energy storage station, Siemens' campus will be able to achieve "peak shaving and valley filling," reducing electricity costs and maximizing benefits.

 

Over a 25-year operational period, PCG Power's Chenming project is expected to generate a total of approximately 140 million kWh of electricity, equivalent to saving approximately 2,261 tons of coal, reducing carbon dioxide emissions by about 5,637 tons annually, and planting around 310,000 trees annually.

 

▌Sunman Energy Achieves 10MW Grid Integration at Shagang Group's Jiangsu Facility

 

Sunman Energy, a leading solar panel manufacturer, has successfully completed the grid connection of a 10MW project at Shagang Group's park in Zhangjiagang, Jiangsu Province. The project utilizes Sunman Energy's Dragonfly series modules, which are 60% lighter than conventional glass modules. Upon grid connection, the project is expected to generate over 10 million kWh of electricity annually, reducing carbon dioxide emissions by more than 9,000 tons for the factory.

 

 

▌CALB Supports XPENG AEROHT in First Global Public Flight at Zhuhai Airshow; Global Battery Alliance Releases 2024 Battery Passport Pilot Results, Highlighting CALB's Ten Collaborative Projects

 

CALB, a comprehensive energy operation system provider, has once again demonstrated its prowess in the aviation sector by supporting XPENG AEROHT in completing the first global public flight of its modular flying car, the "Land Aircraft Carrier," at the China International Aviation & Aerospace Exhibition, also known as the Zhuhai Airshow, in Zhuhai, Guangdong Province.

 

The "Land Aircraft Carrier," a revolutionary dismountable flying car, is powered by CALB's super flight batteries, showcasing CALB's cutting-edge technology in the field of aviation energy storage.

 

Furthermore, CALB's contributions to the battery industry have been recognized globally. The Global Battery Alliance has released the pilot results of the "Battery Passport" initiative in 2024, highlighting ten collaborative projects led by CALB. The "Battery Passport" aims to establish a unified data management standard for the entire battery lifecycle, enhancing transparency and traceability across the battery supply chain, and fostering sustainable development in the battery industry.

 

▌TrunkTech-initiated Standard for Highway Truck Platooning and Standard for Port Tractor Vehicles Come into Effect 

 

TrunkTech, a provider of Level 4 autonomous driving technology for trucks, has led the compilation of a group standard titled 'Functional Requirements for Highway Truck Platooning Systems' and an industry standard for port tractor vehicles. Both standards have now come into effect.

 

The implementation of the group standard is anticipated to accelerate the commercial application and widespread adoption of highway autonomous truck platooning technology. Additionally, the industry standard for port tractor vehicles is crucial for ensuring the safe and eco-friendly operation of autonomous port tractors."

 

 

Cooperation & Win-win

 

▌Momenta Collaborates with Automaker and NVIDIA to Launch Industry's First Mass-Produced Intelligent Driving Solution Based on Thor Chip

 

Autonomous driving firm Momenta, in collaboration with an automaker and NVIDIA, has joined hands to develop the industry's first mass-produced intelligent driving solution based on the DRIVE AGX Thor chip. Leveraging the computing power of the Thor chip, Momenta's IM AD 3.0 intelligent driving experience has evolved, moving from mimicking human driving to behaving like a human driver and even surpassing human capabilities.

 

The newly released mass-produced intelligent driving solution not only covers the full range of ADAS (Advanced Driver Assistance Systems) functions but also supports advanced features such as Highway Navigation Pilot, Urban Navigation Pilot, and Last Mile Navigation Parking. These features enable autonomous driving on highways and urban roads, as well as autonomous parking.

 

 

▌Pony.ai Collaborates with BAIC BJEV on L4 Autonomous Driving Vehicle Development

 

Autonomous driving company Pony.ai has entered into a technical collaboration with BAIC BJEV to jointly develop fully autonomous Robotaxi vehicles, with plans to launch the first batch of vehicles in 2025. The two companies will work together to accelerate the large-scale deployment of autonomous driving services.

 

Globalization

 

▌AlphaESS Visits Chinese Consulate General in Penang, Malaysia

 

AlphaESS, a provider of solar energy storage solutions and services, was invited to visit the Chinese Consulate General in Penang, Malaysia. Zheng Fang, the Consul General of the Chinese Consulate General in Penang, highly affirmed AlphaESS's forward-thinking global layout, its strategic planning in Malaysia, the actual operational effectiveness of its factory, and its future development direction. He also provided numerous guiding suggestions for the company's next development plan.

 

 

▌CALB Unveils "ZhiJiu" Products at All-Energy 2024 in Melbourne, Australia

 

CALB, a comprehensive energy operation system provider, has unveiled its new "ZhiJiu" products at All-Energy 2024, the largest and most influential renewable energy exhibition in Australia. The exhibition serves as a bellwether for the local renewable energy industry and has attracted the active participation of over 400 companies from around the world.

 

Sustainable Business

 

▌CALB Takes a Leading Role in the "Hundred Chains, Thousand Enterprises" Patent Industrialization Promotion Project

CALB, a provider of comprehensive energy operation systems, has joined forces with the Patent Protection Association of China, the China Foundation for Rural Development, and Qualcomm to spearhead the "Fueling Rural Revitalization with Patent Industrialization" initiative. The aim is to boost the conversion and deployment of top-notch patent technologies, thereby fostering rural revitalization and advancing regional economic and social development.

 

Honors

 

▌Multiple NIO Capital Portfolio Companies Win Prestigious "Lingxuan Award" in Automotive Components Industry

 

Six companies invested in by NIO Capital, namely autonomous driving firm Momenta, intelligent chassis solution provider BIBO, automotive smart closure solutions provider Ingin, smart glass technology provider Ambilight, intelligent vehicle computing chip developer Black Sesame Technologies, and high-performance LiDAR sensors and solutions provider Seyond, have collectively won 10 "Lingxuan Awards," also known as the Annual Contribution Awards for China's Automotive Components Industry. Initiated and founded by Auto Business Review in 2016, the Lingxuan Award recognizes outstanding achievements in the automotive components sector.

 

▌Multiple NIO Capital Portfolio Companies Win 36Kr "WISE 2024 King of Commerce" Awards

 

Five companies invested in by NIO Capital have been recognized as the most valuable enterprises of the year in various fields at the "WISE 2024 King of Commerce" Awards hosted by 36Kr. These companies include autonomous driving firms Momenta and Eacon in the smart mobility sector, CPU developer CIX Technology and intelligent vehicle computing chip developer Black Sesame Technologies in the artificial intelligence sector, and smart glass technology provider Ambilight in the cutting-edge technology sector. Additionally, Shan Jizhang, the founder and CEO of Black Sesame Technologies, was named the annual leader in artificial intelligence. The awards aim to honor enterprises and individuals that have demonstrated excellence in technological innovation, business models, market performance, and social responsibility. 

 

▌Black Sesame, Rhino, Autolink, and AutoAI Named Top 50 "Hard Tech" Innovators in Intelligent Auto Industry Chain

 

Black Sesame Technologies, a developer of autonomous driving chips; Rhino Technology, another specialist in the field; Autolink, a developer of smart cockpit software and hardware; and AutoAI, a provider of intelligent cockpit solutions, have been recognized as part of the Top 50 "Hard Tech" Innovators in the Intelligent Auto Industry Chain for 2024 by Gaogong Intelligent Vehicle Research Institute. This highly influential Chinese research institution considered not only the companies' investments and achievements in technological research and development but also their products' market application and user feedback in selecting the winners for this year's award.

 

▌Hiway Selected for Top 50 Private Manufacturing & Tech Innovation Enterprises in Wuhan 2024

 

Hiway, a leading automotive component provider, has been selected as one of the "Top 50 Private Manufacturing Enterprises in Wuhan for 2024" and the "Top 50 Private Enterprises in Technological Innovation for 2024". This recognition not only acknowledges Hiway's achievements over the past year but also reflects high expectations for its development potential. Committed to becoming the preferred partner of global automotive OEMs in the field of smart cockpits, Hiway achieved an annual revenue of over 2 billion yuan in 2023.

 

 

▌TrunkTech Ranks in KPMG China's Smart Manufacturing Tech 50 List

 

TrunkTech, a provider of L4 autonomous driving technology for trucks, has been included in KPMG China's Smart Manufacturing Tech 50 List. As the only enterprise in the autonomous trucking industry to make the list, TrunkTech joins other leading companies in the field of smart manufacturing technology, which focuses on areas such as industrial 4.0 and smart logistics. The list aims to promote the development and innovation of smart manufacturing. 

 

▌Sunman Energy Wins Multiple Prestigious Industry Awards

 

Sunman Energy, a leading solar panel manufacturer, has been honored with several prestigious industry awards. Recognized by multiple third-party institutions, Sunman Energy has been awarded the titles of "Influential Enterprise with Distinctive Photovoltaic Application Projects," "Starlight Excellence Award for Influential Photovoltaic Smart Manufacturing Excellent Employer," "Annual Emerging Enterprise," and "First Prize for Excellent Distributed Energy Projects in 2024."

 

▌Yunchuang Zhixing's Smart Sanitation Demonstration Project Selected for Case Study

 

Yunchuang Zhixing, a developer of autonomous driving sanitation vehicles, has announced that its smart sanitation demonstration project has been selected as a 2024 "Robot + Sanitation" application case by the China Urban Environmental Sanitation Association. The project, featuring Yunchuang Zhixing's Level 4 Autonomous Smart Sanitation solutions, is located in Deqing, Zhejiang, in East China, which is a National-Level Internet of Vehicles Pilot Zone.