NIO Capital Updates

 

▌In Media Interview, NIO Capital's Ian Zhu Highlights Production Feasibility and Cost Control as Keys to New Energy Investment

 

NIO Capital Managing Partner Ian Zhu, while attending the inaugural "IMPACT WEEK 2025" in Singapore, shared insights with 21st Century Business Herald on future investment trends in China's new energy sector, NIO Capital's practical experience in the field, and issues related to corporate global expansion.

 

Portfolio Updates

 

Milestones 

 

▌XREAL Inaugurates Global Headquarters in Shanghai's Pudong District

 

AR glasses designer and manufacturer XREAL has officially opened its global headquarters in Shanghai's Pudong district. According to the district's official WeChat account, the company, which has ranked first in global AR market share for four consecutive years (2022–2025), will leverage Pudong as its innovation hub to accelerate the arrival of the AI device era and make AR glasses the next-generation universal smart device.

 

 

▌Eacon and Tonly Launch EQ100E All-Electric Autonomous Mining Truck

 

Autonomous haulage solutions provider Eacon, in partnership with Shaanxi Tonly Heavy Industries Co., Ltd., has launched the EQ100E all-electric autonomous mining truck with distributed power architecture. The release marks another key milestone in the intelligent transformation of the mining industry.

 

▌LimX Dynamics Unveils Demo of Full-Size Humanoid Robot Oli Autonomously Collecting Tennis Balls

 

Robotics firm LimX Dynamics demonstrated its full-size humanoid robot Oli autonomously performing tasks including tennis ball recognition, tracking, collection, placement, walking, bending, and squatting. 

 

 

▌Hiway Elevates Rear-Seat Experience with Upgraded Entertainment Control Display

 

Smart cockpit solution provider Hiway supplied the upgraded rear-seat entertainment control display for the refreshed ZEEKR 001. The screen has been enhanced from 6 inches to 8 inches, upgraded from LCD to Mini LED, comprehensively improving the visual experience for rear passengers.

 

▌First Vehicles with Momenta's Reinforcement Learning-Based R6 Flywheel Model Open for Pre-Sale

 

The Fulwin T11, a model from Chery, has opened for pre-sale as the first vehicle equipped with the reinforcement learning-based R6 flywheel model from autonomous driving firm Momenta. It features the Falcon advanced driver-assistance system, co-developed by Fulwin and Momenta.

 

▌Ronbay Technology Hits Dual Milestones in Solid-State and Mainstream Battery Material

 

New energy material producer Ronbay Technology has achieved two significant milestones: a breakthrough in next-generation technology with?10-ton-level shipments of high-nickel and ultra-high-nickel all-solid-state cathode materials, and robust commercial performance with?71,000 tons of ternary cathode materials?sold in the first three quarters of 2025. Additionally, its LMFP products maintained full production and sales for nine consecutive months, with Q3 sales reaching a record high. 

 

▌Pony.ai and BAIC New Energy Mark 300th ARCFOX Alpha T5 Robotaxi Roll-Off

 

Autonomous driving technology company Pony.ai and BAIC New Energy celebrated the rollout of their 300th ARCFOX Alpha T5 Robotaxi. The model is regarded as a benchmark for Robotaxi development in China, providing a key reference for the intelligent connected vehicle industry.

 

Cooperation and Win-win

 

▌Eacon and CATL Sign Strategic Agreement on Electric Autonomous Mining

 

Autonomous haulage solutions provider Eacon and battery maker CATL have entered into a strategic partnership to collaborate across capital, technology, market development, and ecosystem building for electric autonomous mining scenarios, accelerating the industry's green, intelligent, and efficient transformation. The signing was attended by CATL Chairman and CEO Robin Zeng and Eacon Co-founder and CEO Lan Shuisheng.

 

 

▌TrunkTech Hosts High-Level Delegation from Singapore

 

L4 autonomous truck technology provider TrunkTech welcomed a delegation of 16 Singaporean government agencies and leading enterprises—including Enterprise Singapore, the Ministry of Trade and Industry, the Economic Development Board, PSA International, Changi Airport Group, and YCH Group—for a visit to its headquarters and a test ride in its autonomous trucks.

 

▌CALB and Hefei Lanyi Aviation Sign Long-Term Strategic Cooperation Agreement

 

Lithium battery technology leader CALB has signed a long-term strategic cooperation agreement with Hefei Lanyi Aviation. To date, Lanyi Aviation has received orders for approximately 500 aircraft from nine customers. The two parties will collaborate on high-energy-density power battery solutions for the LE200 project.

 

▌PCG Power Holds Yellow Sea Partners Event in Yancheng

 

Comprehensive energy management service provider PCG Power successfully held the "Yellow Sea PCG Power Ecological Partners Promotion Conference" in Yancheng, Jianngsu Province, where it signed cooperation agreements with 16 leading companies across the industrial chain to jointly promote the high-quality development of China's new energy market.

 

▌Hiway Co-Authors Group Standard for Mini LED Automotive Displays

 

Smart cockpit solution provider Hiway participated in drafting the group standard "General Specification for Automotive Mini LED Backlit Liquid Crystal Displays," which was developed by the China Video Industry Association in collaboration with upstream and downstream partners.

 

▌Enkris Semiconductor and Oriental Semi Make Breakthrough in 12-Inch GaN Technology

 

GaN epitaxial materials producer Enkris Semiconductor, in partnership with Oriental Semi, has achieved a breakthrough in 12-inch gallium nitride (GaN) technology, advancing the development of GaN power devices. 

 

▌HydoTech and SunGreenH2 Sign MoU on Platinum-Free Electrode Integration

 

Green hydrogen solution provider HydoTech has signed a memorandum of understanding (MoU) with Singapore-based advanced materials company SunGreenH2. SunGreenH2's platinum-group-metal (PGM)-free nano-engineered electrode technology will be integrated into the HydoLyser? platform. 

 

 

▌Seyond and PhiGent Robotics Collaborate on Next-Gen Smart Mobility

 

LiDAR sensor and solution provider Seyond is partnering with PhiGent Robotics to integrate Seyond's long-range Falcon LiDAR into the latter's newly launched end-to-end driving assistance solution, PhiGo Max, setting a new benchmark for smart mobility. 

 

▌Standard Robots and FUJI Forge Smart Factory Partnership

 

Industrial robot maker Standard Robots has joined the "FUJI Smart Factory members," a co-creation alliance initiated by FUJI, and will collaborate with FUJI to launch integrated smart factory solutions.

 

Going Global

 

▌TrunkTech Joins UAE NextGenFDI Program to Establish Regional HQ

 

L4 autonomous truck technology provider TrunkTech has been invited to join the UAE's NextGenFDI initiative, a global program launched in 2022 to strengthen the UAE's position as an innovation hub and accelerate economic diversification. Through the program, TrunkTech will set up a regional headquarters in the UAE, becoming the first autonomous truck company in the Middle East.

 

 

▌Momenta CEO Shares Insights at 2025 World Intelligent Connected Vehicle Conference, Featured on CCTV1

 

Autonomous driving technology company Momenta was invited to the 2025 World Intelligent Connected Vehicles Conference, where CEO Cao Xudong shared the latest industry insights during a panel discussion and was interviewed by CCTV and over 20 other media outlets.

 

 

▌LimX Dynamics Presents at IROS 2025 in Hangzhou

 

Robotics firm LimX Dynamics showcased its technologies at the 2025 IEEE/RSJ International Conference on Intelligent Robots and Systems (IROS) in Hangzhou.

 

▌CALB Exhibits at Busworld Europe 2025 in Belgium

 

Lithium battery technology leader CALB presented its products at Busworld Europe 2025 in Belgium, one of the premier global exhibitions for the bus and coach industry.

 

▌United Winners Presents at The Battery Show North America 2025

 

Laser welding and smart manufacturing solutions supplier United Winners exhibited at The Battery Show North America 2025, engaging with key players in the fast-growing North American battery and EV market.

 

▌AlphaESS Attends 5th Forum on Energy Storage Safety, Exhibits at 2025 Suzhou International New Energy Expo

 

Solar energy storage solution and service provider AlphaESS participated in the 5th Forum on Energy Storage Safety and showcased its products at the Suzhou International New Energy Expo.

 

▌HydoTech Presents at World Hydrogen Summit, UK-China Forum, and FII

 

Green hydrogen solution provider HydoTech exhibited at the Hydrogen Technology World Expo in Germany, was invited to the UK-China Hydrogen and Energy Storage Cooperation Forum, and also attended the ninth edition of the Future Investment Initiative (FII) Conference.

 

▌Whale CEO Speaks at TECH IN ASIA CONFERENCE, Hosts 2025 Automotive AI Summit in Shanghai

 

AI marketing and sales platform Whale disclosed that CEO Jerry Ye was invited to speak at the TECH IN ASIA CONFERENCE. The company also hosted the 2025 Whale Automotive AI Summit in Shanghai. 

 

▌United Winners Exhibits at CHFE2025 in Fosha

 

Laser welding and smart manufacturing solutions supplier United Winners presented its technologies at the 9th International Hydrogen Energy & Fuel Cell Technology and Product Expo Foshan·China. 

 

▌Inceptio Technology Presents at 2025 Digital Logistics Summit

 

Autonomous driving technology developer Inceptio Technology showcased its solutions at the 2025 Digital Logistics Summit held in Wuxi, Jiangsu Province, highlighting innovations for the logistics sector.

 

▌BIBO and Meritech Present at SAECCE 2025

 

Intelligent chassis solution provider BIBO exhibited at 32nd China-SAE Congress & Exhibition, while Meritech Founder Zhao Jialin and Co-founder & CMO Wang Hao were invited to speak, sharing insights on high-speed in-vehicle connectivity in the conference. 

 

▌Eacon Attends China Mining 2025 and China Coal & Mining Expo 2025

 

Autonomous haulage solutions provider Eacon participated in the China Mining 2025 held in Tianjin and China Coal & Mining Expo 2025 held in Beijing, engaging with global industry leaders.

 

Sustainable Business

 

▌INFY Power and China Huadian Launch World's First Dual-Use V2G Station for Vehicles and Ship

 

Energy storage innovator INFY Power, in partnership with China Huadian’s Hubei branch, has launched a groundbreaking vehicle-to-grid (V2G) charging and swapping station that serves both electric vehicles and ships—the first of its kind in China. The station in Yangluo, Hubei, features a shared "energy heart"—a pioneering containerized battery ultra-charging system co-developed by both parties. This system enables vessel battery swaps in just five minutes, making the process over 20 times more efficient than direct charging, while also providing rapid charging services for road vehicles.

 

 

▌Hiway Wins 2025 IPC China ESG Benchmarking Enterprise Award

 

Smart cockpit solution provider Hiway was honored with the "2025 IPC China ESG Benchmarking Enterprise Award" presented by the Global Electronics Association at the 2025 IPC China Electronics Manufacturing Annual Conference (CEMAC), recognizing its commitment to sustainable and responsible business practices.

 

 

▌HydoTech Partners with Hansen Motorsport AB in FIA Extreme H World Cup

 

HydoTech, a leading global provider of green hydrogen solutions, has teamed up with Hansen Motorsport AB to compete in the inaugural FIA Extreme H World Cup. The landmark event was held in Saudi Arabia, marking a significant step in showcasing hydrogen energy technology on a global motorsport stage.

 

▌Uxin Reports Strong Growth: Leading NPS and Retail Volume Surge Over 150%

 

Used car e-commerce platform Uxin announced financial results showing a leading Net Promoter Score (NPS) in the industry and retail transaction volume growth of over 150% year-over-year. Driven by this rapid sales increase, Uxin's total revenue reached RMB 658 million in Q2, up 64.1% year-over-year and 30.6% quarter-over-quarter, with retail revenue of RMB 608 million, up 87.0% year-over-year and 30.5% quarter-over-quarter, remaining the primary revenue driver. 

 

Honors

 

▌XREAL's AR Glasses Named Among TIME's Best Inventions, Fast Company's Top Tech, and WIRED's Most Innovative

 

AR glasses designer and manufacturer XREAL's devices earned triple honors: the One and One Pro were named to TIME's list of the Best Inventions of 2025; the One Pro received Fast Company's "Next Big Things in Tech" award; and the company was highlighted by WIRED as one of the most representative innovators in the post-smartphone era.

 

 

▌BIBO and SICHAIN Semiconductor Named National-Level "Little Giant" Enterprise

 

Intelligent chassis solution provider BIBO and Silicon Carbide semiconductor firm SICHAIN Semiconductor have been selected as national-level "Little Giant" enterprises in the seventh batch of specialized and sophisticated SMEs. BIBO has cumulatively shipped nearly one million sets of intelligent chassis products, while SICHAIN shipped 12 million SiC MOSFET devices and chips in the first three quarters of 2025, a nearly 300% year-over-year increase, with SiC MOSFET module shipments growing nearly 200%.

 

▌Momenta Wins "Global New Energy Vehicles Innovative Technology" Award

 

Autonomous driving technology company Momenta received the "Global New Energy Vehicles Innovative Technology" award at the 2025 World New Energy Vehicle Congress.

 

▌Whale Recognized as 2024 Hangzhou "New Eaglet" Enterprise

 

AI marketing and sales platform Whale has been certified as a 2024 Hangzhou "New Eaglet" enterprise, a designation supporting promising local tech innovators.

 

▌Ambilight Named to KPMG China Autotech 50, Wins MUSE Design Award

 

Smart glass provider Ambilight was selected for KPMG China's 8th "Autotech 50" list of leading automotive technology companies, and its Electrochromic smart dimming sunroof has been honored as the Gold Winner in the Transportation Design – Auto Accessories & Interiors category at the 2025 MUSE Design Awards. 

 

 

▌AlphaESS Listed in NextGen Tech 30 as High-Growth Asian Tech Firm with Global Potential

 

Solar energy storage solution and service provider AlphaESS was included in the NextGen Tech 30 list, which recognizes high-growth technology companies in Asia with strong global potential. The list is jointly launched by Granite Asia in collaboration with top investment institutions, policymakers, and corporate platforms.

 

▌Rhino Named "Specialized and Sophisticated" and "Innovative" SME in Beijing and Shanghai

 

AI chip and solution developer Rhino has been selected as a "Specialized and Sophisticated" and "Innovative" small and medium-sized enterprise (SME) in both Beijing and Shanghai.

 

▌Meritech Wins "Outstanding Auto Chip Supplier" at WICV, "Maker Beijing 2025" Prizes

 

High-performance mixed-signal chip supplier Meritech received the "Outstanding Automotive Chip Supplier Award" at the 2025 World Intelligent Connected Vehicle (WICV) conference and was also recognized in the "Maker Beijing 2025" competition.

 

▌AUTO AI Wins "2025 Mass-Production Smart Cockpit Benchmark Award" 

 

Smart cockpit software and hardware provider AUTO AI was awarded the "2025 Mass-Production Smart Cockpit Benchmark Award" at the 2025 China International New Energy and Intelligent Connected Vehicle Exhibition.

 

▌RT Hightech Ranked 8th Among "2025 Top 100 Private Enterprises in Huangshi

 

Lithium battery materials producer RT Hightech was listed 8th among the "2025 Top 100 Private Enterprises in Huangshi, Hubei Province," reflecting its strong performance and local economic impact.