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Portfolio Updates
10.03.2025
NIO Capital Bulletin: February 2025 Edition

NIO Capital Updates

 

Milestones

 

▌Inceptio Technology Named Top Scalable Autonomous Trucking Company in ARK Invest's Big Ideas 2025

 

Inceptio Technology, a pioneering developer of autonomous driving technologies for heavy-duty trucks, has been recognized in the "ARK Invest Big Ideas 2025" report. The report, which is eagerly awaited in the industry and led by renowned investor Cathie Wood, analyzed the mileage accumulated by autonomous trucks.

 

Inceptio Technology emerged as the global leader with an impressive 125 million miles of real-world operating mileage, outperforming the second-place company by a margin of approximately 36 times. Among the five companies highlighted in the report, only two were Chinese enterprises: Inceptio Technology and Pony.ai, both of which have NIO Capital as an investor. (Note: The data cited in the report is officially published and is as of December 31, 2024.)

 

 

▌Hiway Sets New Installation Record in 2024

 

Automotive component provider Hiway has achieved a new milestone in 2024. According to Gasgoo's latest ranking of central control display suppliers for passenger vehicle manufacturers, spanning from January to December 2024, Hiway has secured the seventh spot with an installation count of 847,040 units. This accomplishment has awarded Hiway a 3.9% market share within China's passenger vehicle central control display sector.

 

▌Ronbay Technology Secures Major Orders for Polyanion Products

 

In the first quarter of this year, Ronbay Technology, a producer of new energy materials, achieved a significant breakthrough by securing orders for hundreds of tons of polyanion products from top-tier strategic clients. The company has swiftly initiated mass production and delivery to meet these orders.

 

Ronbay's layered oxide and polyanion products excel in various performance parameters, process stability, and cost control, among other comprehensive indicators, positioning it as a leader in the industry. Ronbay has established key partnerships with leading customers both domestically and internationally, and its production lines have successfully passed customer certifications. Looking ahead, the company anticipates achieving large-scale mass production and delivery by 2025.

 

▌Pony.ai Pioneers Robotaxi Services in Downtown Guangzhou, Airport, and High-Speed Rail Station

 

Pony.ai, a leading autonomous driving company, has become the first to deploy Robotaxis in the heart of Guangzhou, as well as at the city's airport and high-speed rail station.

 

The company currently operates four pilot Robotaxi routes, connecting five key locations: Guangzhou Garden Hotel with Guangzhou Baiyun International Airport, Canton Tower with Guangzhou South Railway Station, Zhujiangxincheng (Xiancun Subway Station) with Guangzhou South Railway Station, and Zhujiangxincheng (Xiancun Subway Station) with Guangzhou Baiyun International Airport.

 

The Robotaxi services are available daily from 10:00 to 15:00 and from 19:30 to 21:30, with fares determined in accordance with relevant policies and pricing standards.

 

▌AlphaESS Connects Energy Storage Project at ATX Kunshan Branch to the Grid

 

AlphaESS, a leading solar energy storage solution and service provider, has completed an 8MW/20MWh user-side energy storage project for ATX's Kunshan branch, which has now been connected to the grid.

 

Operating under an Energy Management Contract (EMC) model, ATX Suzhou has incurred no upfront investment for the project and will share revenue with AlphaESS through peak-shaving and valley-filling electricity arbitrage. The project is expected to save ATX Kunshan approximately RMB 1.68 million in electricity costs annually, with cumulative savings reaching around RMB 24 million over its full lifecycle. This initiative not only significantly reduces the enterprise's operating costs but also advances green and low-carbon development.

 

▌AICT's Intelligent Traffic Model Achieves National Dual Registration; Rolls Out Roadside Sensing and Edge Computing Product

 

AICT, a pioneering provider of smart transportation solutions, has announced that its "Intelligent Road Network Traffic Large Model" has completed the "Generative AI Service Registration" process with the National Cyberspace Administration. This achievement comes on the heels of the model's algorithm receiving the "Domestic Deep Synthesis Service Algorithm Registration," thus attaining national "dual registration" status.

 

The AITS division of the company has launched a roadside sensing and edge computing product that has been implemented in multiple vehicle-road-cloud integration projects, demonstrating its reliability and efficiency in real-world traffic scenarios. This product is playing a vital role in the intelligent transformation of urban transportation.

 

Cooperation and Win-win

 

▌Sunman Energy Signs Strategic Partnership with TÜV Rheinland

 

Sunman Energy, a solar panel manufacturer, has announced a strategic partnership with TÜV Rheinland. The collaboration seeks to accomplish cooperative strategic objectives across various domains, encompassing product performance and energy generation evaluation, standardization testing and certification of photovoltaic industry chain products, marketing and brand development, as well as information and resource sharing.

 

 

▌BoCloud Unveils AIOS, an Advanced Computing Platform with Full-Range DeepSeek Models

 

BoCloud, a leading provider of professional cloud computing services for enterprise clients, has announced the launch of its AIOS platform. AIOS supports the private deployment of various sizes of DeepSeek models, compatible with multiple domestic and international GPU devices. Notably, the smallest size model can operate on a single GPU card.

 

▌Whale's Core Products Now Fully Support DeepSeek-R1 for Smarter Solutions

 

Whale, an AI-powered marketing and sales operations platform, has announced that its core products now fully support the complete functional version of DeepSeek-R1. This move aims to provide customers with smarter and more efficient solutions.

 

Going Global

 

▌Sunman Energy Debuts at World Smart Energy Week in Japan

 

Sunman Energy, a leading solar panel manufacturer, made its debut at the 2025 World Smart Energy Week in Japan. The exhibition, recognized as the largest, most professional, and influential renewable energy event held in the Asian country, attracted over 1,600 exhibitors and 72,000 professional visitors from around the world.

 

▌AlphaESS Showcases at SAP's Global Operations Summit

 

AlphaESS, a prominent provider of solar energy storage solutions and services, showcased its offerings at the SAP Global Operations Summit. The prestigious summit gathered nearly a thousand experts and leaders from around the world, including those from Chinese companies expanding globally. The event focused on cutting-edge technologies and provided in-depth insights into globalization pathways, overseas expansion strategies, and market opportunities.

 

 

Sustainable Business

 

▌Ronbay Technology's Subsidiaries Awarded Multiple Honors Including "National Green Factory" Status in 2024

 

Ronbay Technology, a leading producer of new energy materials, has announced that its subsidiaries, Hubei Ronbay and Guizhou Ronbay, have been recognized with multiple prestigious honors.

 

Hubei Ronbay has been awarded the titles of "2024 National Green Factory" and "2024 Hubei Provincial Digital Twin Factory," while Guizhou Ronbay has been honored with "2024 National Green Factory" and "2024 Guizhou Provincial Green Supply Chain."

 

▌United Winners Awarded "Jiangsu Green Factory" Title

 

Jiangsu United Winners Laser Co., Ltd, a subsidiary of United Winners, has been included in the list of Jiangsu Green Factories for 2024, announced by the Jiangsu Provincial Department of Industry and Information Technology.

 

This latest provincial recognition follows the company's certification as a "Jiangsu Provincial Enterprise Technology Center" and its designation as a "Jiangsu Provincial Intelligent Manufacturing Workshop" in January.

 

▌Sunman Energy Honored with "Jiangsu Green Factory" Title

 

Sunman Energy, a manufacturer of solar panels and a pioneer in the field of lightweight photovoltaics, has been awarded the "Jiangsu Green Factory" title. The company is dedicated to promoting the widespread adoption of clean energy.

 

Sunman's lightweight photovoltaic modules weigh just 2.8 kg/m², which is only 30% of the weight of traditional photovoltaic modules, and have a thickness of just 2mm. This innovation underscores Sunman Energy's commitment to advancing sustainable energy solutions.

 

Honors

 

▌Hiway's Founder and CEO Li Linfeng Wins "Optics Valley 2024 Annual Excellent Entrepreneur in Innovation and Entrepreneurship" Award

 

Hiway, a prominent automotive component provider, has announced that its founder and CEO, Li Linfeng, has been honored with the prestigious "Optics Valley 2024 Annual Excellent Entrepreneur in Innovation and Entrepreneurship" award. The award recognizes outstanding entrepreneurs who have achieved significant success in the innovation and entrepreneurship field and have made substantial contributions to the economic development and social progress of Optics Valley in Wuhan City.

 

The selection criteria for the award took into account various factors, including the enterprise's innovation capability, market competitiveness, social influence, as well as the entrepreneur's leadership skills, innovative spirit, and social responsibility.

 

 

▌PCG Power Wins 2024 Minhang District's Major Investment Attraction Project Award in Shanghai

 

PCG Power, a comprehensive energy management service provider, has been honored with the prestigious 2024 Minhang District's Major Investment Attraction Project Award in Shanghai. This award recognizes the significant contributions and development potential of companies like PCG Power to the regional economy.

 

By infusing the Minhang economy with vitality, fostering industrial clustering, and attracting top talent, PCG Power has earned recognition from the government and showcased its robust corporate strength. 

 

▌CALB Garners Multiple National, Municipal, and District Honors

 

CALB, a leading new energy enterprise specializing in lithium battery technology, has been recognized with a series of prestigious national, municipal, and district awards. The company was honored with the "2023 National Science and Technology Progress Award," highlighting its innovative contributions to the industry.

 

At the municipal level, CALB received the "2024 Industrial Five-Star Enterprise Award," the "2024 Top 100 Tax-Paying Enterprises Award," and the "2024 Sales Scale Award" from the Changzhou Municipal Party Committee and Government. Additionally, CALB's Chairman Liu Jingyu was named a "Star Industrial Entrepreneur."

 

At the district level, CALB garnered the "2024 Outstanding Contribution Award," the "2024 Major Project Effective Investment Award," and the "2024 Industrial Enterprise Science and Technology Innovation Award" from the Jintan District Party Committee and Government. Chairman Liu Jingyu was also recognized as an "Outstanding Entrepreneur."

 

These honors were presented during the Enterprise Development Conference and the "First Meeting of the New Year," held by the Changzhou Municipal Party Committee and Government as well as the Jintan District Party Committee and Government.

 

▌EVTECH Garners County Honors in 2024

 

EVTECH, a leading supplier of core components for new energy vehicles, has been recognized with multiple county-level honors in 2024. The company was awarded the titles of "Top Ten Star Enterprise" and "Enterprise Listing Award" by Anji County, Zhejiang Province.

 

Additionally, EVTECH's Chairman Li Ningchuan was named the "2024 Anji County Annual Economic Figure of the Year," recognizing his outstanding contributions to the county's economic development.

 

▌Whale Wins 2024 " Products of Digital Intelligence Excellence" Award in Zhejiang Province

 

Whale, an AI-powered marketing and sales operations platform, has been awarded the prestigious 'Products of Digital Intelligence Excellence' award for 2024 by the Economy and Information Technology Department of Zhejiang.

 

The platform has been included in the esteemed list of "2024 Zhejiang Province AI Application Scenarios, Benchmark Enterprises, AI Service Providers, and Products of Digital Intelligence Excellence," which was announced by the department.

 

▌Meritech Wins ITEC 2024 Global Startup Competition Excellence Award

 

Meritech, a leading supplier of high-performance digital-analog mixed-chips for new energy vehicles, has been honored with the ITEC 2024 Global Startup Competition Excellence award.

 

Dr. Zhao Jialin, representing Meritech, presented the company's innovative "C3 Lync Technology Application and High-Bandwidth Data Real-Time Transmission Solution for In-Vehicle SerDes" at the competition. Out of 3,587 projects from around the world, Meritech stood out and was awarded the prestigious prize.