NIO Capital Updates

 

▌NIO Capital Invests in Humanoid Robotics Firm LimX Dynamics

 

NIO Capital has joined the Series A+ funding round of LimX Dynamics, a cutting-edge embodied AI robotics company. The startup will focus on original innovation on core technologies, including hardware design, reinforcement learning-based motion control, and embodied AI model training and commercialization of such technologies. LimX Dynamics aims to provide development software and hardware for humanoid robots and embodied agents, accelerating innovation in this sector.

 

 

▌NIO Capital's Maggie Ye Named Among China's Top Female Investors for 2025

 

Maggie Ye, Managing Director of NIO Capital, has been recognized in China FOF's "2025 Outstanding Female Investors List", earning a spot in the "Top 30 Best Female IR Professionals" category. The selection, based on data research and analysis by China FOF Research Center, highlights leading women in investment.

 

 

Portfolio Updates

 

Milestones

 

▌XREAL Maintains No.1 Global AR Market Share for Three Consecutive Years

 

AR glasses leader XREAL has retained its position as the world's top AR brand from 2022 through 2024, with its market share exceeding the combined total of its next three competitors. By December 2024, the company's global shipments surpassed 500,000 units, reinforcing its industry dominance.

 

▌TUHU Posts 8.5% Revenue Growth in 2024, Tops Auto Service Sector

 

TUHU Car Inc., one of the leading integrated online and offline platforms for automotive services in China, announced that the company generated RMB 14.8 billion in revenue, representing an 8.5% year-on-year increase and RMB 3.7 billion in gross profit, an 11.5% YoY increase. The company now leads the industry with 140 million registered users and nearly 7,000 workshop stores, maintaining its top position by revenue, user base, and store network.

 

▌Pony.ai Reports Rising Revenue for Third Straight Year

 

Autonomous driving firm Pony.ai announced its 2024 financial results with annual revenue reaching RMB 548 million, marking 4.3% year-over-year growth. The company's total revenue for 2022-2024 climbed to RMB 1.53 billion, demonstrating consistent growth over the three-year period.

 

▌Infypower Reaches Dual Milestones in Domestic Development

 

Infypower Technology, a global leader in digital energy products and system solutions, has achieved two major construction milestones in China: the roof-sealing of its headquarters in Nanjing's Jiangning District, and the launch of its smart future factory in Liyang High-Tech Zone.

 

Specializing in power electronics and digital energy technologies, the Chinese company focuses on new energy vehicle charging/battery swapping and energy storage. The new 51.65 mu (34,433 sqm) facility integrates automation, digital systems and intelligent production technologies to strengthen domestic manufacturing capabilities.

 

▌BIBO Strengthens Leadership with ZF Veteran, Showcases Smart Chassis Tech in Winter Tests

 

Intelligent chassis solution provider BIBO has appointed former ZF executive Wu Ziping as Senior Vice President, forming a leadership duo with founder Liu Xiaohui to drive innovation. The company recently demonstrated its XYZ-axis chassis systems (braking/steering/suspension) during winter trials in Heihe, Heilongjiang Province, with participation from major automakers.

 

▌AICT Advances Smart Mobility Across Guangdong with Dual Projects

 

Smart transportation solutions provider AICT has been awarded a parking project in Jiexi, Guangdong, leveraging high-accuracy AI (HAI) to optimize parking resources and ease traffic congestion. Meanwhile, the company’s "vehicle-road-cloud-city" integrated system has gone fully operational in the Guangzhou Nansha district's Mingzhu Bay Smart City Pilot Zone, utilizing AI perception, autonomous driving, and digital twin technologies.

 

▌CALB Added to Hong Kong Stock Connect, Boosting Liquidity

 

Leading lithium battery maker CALB has been included in the Hong Kong Stock Connect program, a move expected to enhance the trading liquidity and market activity of its shares.

 

▌United Winners Unveils Breakthrough Wafer Dicing Equipment

 

Laser welding specialist United Winners has launched its first wafer dicing machine, achieving micron-level precision in wafer processing. The independently developed equipment marks a new milestone in the company's semiconductor process capabilities.

 

▌Ambilight Unveils Breakthrough Black EC Smart Glass for Automotive Windows

 

Smart glass innovator Ambilight has launched its new black EC (electrochromic) smart dimming window product, marking another technological advancement following its mass-produced smart sunroof. The solution offers enhanced privacy, sunshade control, and intelligent dimming capabilities for automotive applications.

 

▌Ronbay Technology Invests RMB 1.2 Billion in Sodium Battery and Solid-State Electrolyte Projects

 

New energy materials leader Ronbay Technology has announced an additional RMB 1.2 billion investment in Xiantao, Hubei Province to establish three facilities: the Ronbay Academy, a 6,000-ton/year sodium battery cathode production line, and a solid-state battery electrolyte pilot line - a crucial intermediate-scale facility that bridges lab research and full commercialization by enabling process optimization, performance validation, and yield improvement testing under near-commercial conditions.

 

 

Cooperation and Win-win

 

▌Seyond Forges Dual Partnerships to Advance Autonomous Logistics

 

Leading LiDAR provider Seyond has strengthened its industry position through two key partnerships to drive innovation across both industrial and commercial vehicle automation sectors.

 

The company has formed a strategic partnership with Zhongke Xingchen to promote high-performance LiDAR applications in industrial logistics for the global deployment of functional unmanned vehicles. Additionally, Seyond will cooperate with Inceptio Technology, an autonomous heavy-duty truck developer, to jointly develop and mass-produce next-generation autonomous driving systems for large-scale commercialization in long-haul logistics.

 

▌Pony.ai and ComfortDelGro Launch Autonomous Ride-Hailing Service in Guangzhou

 

Autonomous driving firm Pony.ai has partnered with ComfortDelGro, Singapore's top taxi operator, to launch their first self-driving ride-hailing service in Guangzhou. The collaboration marks Pony.ai’s new milestone in commercializing autonomous mobility, with plans to expand to other global markets in the near future.

 

▌AlphaESS and Kingfa Forge Strategic Partnership

 

Solar energy storage leader AlphaESS has signed a strategic cooperation agreement with Kingfa, a global leader in advanced materials, marking the start of a technology-driven partnership to accelerate industrial growth in renewable energy solutions.

 

▌YKC to Expand Charging Network Ecosystem in Guizhou

 

Energy management provider YKC has announced plans to explore new charging service opportunities in Guizhou province through partnerships. In 2025, the company aims to connect more than 1,500 charging pile manufacturers with over 340,000 operators nationwide through regional ecosystem salons, promoting multi-scenario solutions to reduce costs and improve efficiency.

 

▌Tuhu Unites Oil Majors in Anti-Counterfeit Alliance

 

TUHU Car Inc., China’s leading automotive service platform, has launched the groundbreaking "Genuine Oil Protection Alliance" with six global lubricant brands: Mobil, Castrol, Shell, Fuchs, Idemitsu, Valvoline, implementing a three-pillar anti-counterfeiting system: direct factory procurement to eliminate middlemen, a 10x compensation guarantee against fake products, and secure used-bottle decommissioning to prevent container reuse—ensuring end-to-end quality control across the lubricant supply chain.

 

▌PCG Power Forms Dual Partnerships to Advance Green Energy Solutions

 

PCG Power, a comprehensive energy management service provider, has announced two partnerships to expand its renewable energy footprint. The company will cooperate with SPD Bank Guangzhou and LOK Capital to enhance collaboration in distributed photovoltaics, green power trading, cross-border projects, and asset acquisitions.

 

In a separate agreement, PCG Power has partnered with Jinggong Industrial Building System Group, an industrial construction contractor, to jointly develop distributed renewable energy assets, microgrid systems, and overseas solar-storage solutions for industrial and commercial clients.

 

▌Meritech Becomes Shanghai Lin-Gang's First Key Project of 2025, Boosting IC Cooperation

 

Shanghai Lin-Gang Special Area has selected Meritech, a premier supplier of high-performance mixed-signal chips for new energy vehicles, as its inaugural key project for 2025. This strategic partnership signifies a deepening collaboration in semiconductor development between the two parties.

 

▌BoCloud Partners with Asend to Launch DeepSeek All-in-One Solution

 

BoCloud, a leading provider of enterprise cloud computing services, has teamed up with Jiangsu Kunpeng & Ascend Ecosystem Innovation Center to launch the DeepSeek "Full Performance" All-in-One Machine.

 

The integrated solution leverages intelligent computing power allocation, cluster network optimization, and industry-specific AI model training to deliver high-precision, reliable, and secure digital transformation solutions for government, financial, and manufacturing sectors.

 

▌BIBO Partners with Henglong Group to Advance Smart Chassis Solutions

 

Intelligent chassis provider BIBO has partnered with auto parts manufacturer Henglong Group to co-develop smart steering and XYZ-axis integration products.

 

The collaboration will initially focus on accelerating production of rear-wheel steering and integrated control solutions within this year, with plans to mass-produce steer-by-wire and XYZ-axis control systems within 2-3 years.

 

Going Global

 

▌CALB Hosts Global Partners for Maritime Electrification Talks

 

Chinese battery leader CALB recently gathered partners from over 20 countries at its headquarters to strengthen global collaboration in maritime electrification.

 

The summit focused on technological innovation and market applications of lithium battery solutions for ships, reinforcing CALB's position as a key player in new energy marine propulsion systems.

 

 

▌AlphaESS Showcases Energy Storage Solutions at Italy's Key Energy Expo

 

Solar storage specialist AlphaESS debuted its comprehensive energy storage system solutions at Key Energy in Italy, leveraging its local subsidiary's regional expertise to deliver high-efficiency green energy solutions.

 

▌PCG Power Explores Saudi Energy Cooperation in High-Level Embassy Talks

 

Chinese energy management leader PCG Power's senior executives, including Chairman Li Wenxuan and Vice President Zhu Jianran, met with Economic Counselor He Song at China's Saudi Arabia Embassy to discuss renewable energy collaboration.

 

The talks focused on aligning Saudi's Vision 2030 with China's Belt and Road Initiative, to explore strategic opportunities for Chinese cleantech companies in Saudi's energy transition market.

 

▌United Winners and Scanner Optics Showcase Innovations at LASER World of PHOTONICS CHINA

 

United Winners, a supplier of laser welding equipment and smart manufacturing solutions, and Scanner Optics, a developer of scanning heads, exhibited their latest technologies at LASER World of PHOTONICS CHINA 2025, hosted by Messe München Shanghai Co., Ltd.

 

The event featured six thematic zones, connecting the global photonics industry, with over 1,400 companies participating. The expo highlighted advancements in laser, optical, and optoelectronic technologies, strengthening Asia’s role in the sector.

 

▌Scanner Optics Showcases Scanning Heads at TCT Asia 2025

 

Scanner Optics, a developer of scanning heads, participated in TCT Asia 2025, Asia’s premier 3D printing and additive manufacturing exhibition.

 

Originating in the UK and launched in China in 2015, TCT Asia is one of the world’s largest professional 3D printing technology expos. The event highlights cutting-edge innovations in additive manufacturing, attracting industry leaders and experts worldwide.

 

▌Standard Robots Showcases Industrial Logistics Solutions at SFAW 2025 in Korea

 

Standard Robots, a leading industrial robot manufacturer, presented three innovative logistics solutions at Smart Factory + Automation World 2025 (SFAW 2025), Korea’s largest and most influential factory automation and logistics exhibition. The event gathered global industry leaders, experts, and professionals, highlighting cutting-edge advancements in automation.

 

Sustainable Business

 

▌NewLink founder Speaks at UN Human Rights Council on Climate Action & Sustainability

 

Dai Zhen, Founder and CEO of NewLink, parent company of Nasdaq-listed EV charging provider NaaS, delivered a keynote speech at the 58th UN Human Rights Council forum in Geneva.

 

He shared NewLink’s strategic vision and practices in combating climate change, promoting social equity, and advancing the UN Sustainable Development Goals (SDGs).

 

Honors

 

▌BIBO and Mavel Named to China’s Future Unicorn List 2025

 

BIBO, an intelligent chassis solution provider, and Mavel, a specialist in electric drive systems, have been selected for tech media outlet Pencil News’ "2025 China Future Unicorns Ranking".

 

The list highlights promising startups across 12 cutting-edge sectors, including semiconductors, AI, new energy, medtech, and robotics. Both companies were recognized for their innovation in next-gen mobility technologies.

 

▌XREAL Named World's Most Innovative AR/VR Company for 2025 by Fast Company

 

Augmented reality leader XREAL has earned the No. 1 position on Fast Company's prestigious "The 10 Most Innovative Augmented and Virtual Reality Companies of 2025" list. The AR glasses manufacturer was specifically honored for "bringing affordable AR/VR to popular apps and devices."

 

This recognition marks XREAL's third appearance on the influential ranking, having previously been listed in both 2021 and 2024.

 

 

▌Seyond Wins Outstanding Vehicle-Road-Cloud Integration Provider Award

 

Seyond, a leader in high-performance LiDAR sensors and solutions, has been honored as an "Outstanding Vehicle-Road-Cloud Integration Service Provider" at the 14th Intelligent Transportation Market Annual Conference (2025) hosted by China's leading transportation media platform 7its.com.

 

The award recognizes Seyond's achievements in smart transportation and validates its full-stack "hardware + algorithm" solution approach.

 

▌Scanner Optics Wins 2025 Glorious Laser Award

 

Scanner Optics, a leading developer of scanning heads, has been awarded the 2025 Golden Laser New Product Award for its ExtraScan IV galvanometer scanning heads, which outperformed competing innovations. The honor was presented at this year's Glorious Laser Award (GLA) ceremony.

 

▌Aulton New Energy Co-Founder Named to 2025 Forbes China Influential Women List

 

Aulton New Energy's co-founder and vice chairwoman Yang Ye has been selected for 2025 Forbes China Influential Women List. The battery-swapping pioneer has shaped China's EV industry for 24 years, contributing to national standards and the "EV Engineering Handbook." 

 

▌PCG Power Wins Multiple Solar & Energy Storage Awards

 

PCG Power, a leading energy management service provider, has been honored with three major industry awards recognizing its excellence in renewable energy solutions.

 

At the 8th China Distributed Photovoltaic Conference, the company was named "Star of the Year - Commercial & Industrial PV Investor". It further earned a spot in the "2024 Top 100 PV Leaders" ranking at the 12th China (Jiangsu) International New Photovoltaic Energy Innovation Development Conference 2025.

 

Additionally, PCG Power received the "Outstanding Energy Storage Investment & Operation Enterprise" award at the 2025 Polaris Cup Ceremony, a premier platform recognizing energy storage innovation.

 

▌Sunman Energy Named Among China's Top 100 PV Leaders

 

Solar panel manufacturer Sunman Energy has been awarded the "2024 Top 100 PV Leaders" honor for outstanding photovoltaic cells/modules at the 12th China (Jiangsu) International New Photovoltaic Energy Innovation Development Conference.

 

▌RT Hightech's Testing Center Gains CNAS Accreditation

 

Lithium battery materials producer RT Hightech has earned CNAS certification for its testing center from China National Accreditation Service for Conformity Assessment, marking official recognition as a nationally accredited laboratory.