独家丨合肥国投、IDG 等入股蔚来芯片子公司，首轮投资额超 20 亿元

Core Viewpoint - NIO's self-developed chip division, Anhui Shenji Technology Co., Ltd., has completed its first round of financing exceeding 2 billion yuan, with a post-investment valuation nearing 10 billion yuan, indicating a shift from a phase of unprofitable investment to seeking appropriate returns [4][8]. Group 1: Financing and Investment - The financing round involved participation from local industrial funds, NIO Capital, IDG Capital, and a listed semiconductor company, with subsequent financing rounds already in progress [4]. - The establishment of Anhui Shenji Technology Co., Ltd. in June last year marked the split of NIO's self-developed chip business, with the aim of reducing the company's direct branding in future collaborations [6]. Group 2: Chip Development and Performance - NIO began developing its chips in 2021, with the first autonomous driving chip, Shenji NX9031, taking approximately four years from design to mass production [6]. - The Shenji NX9031 chip reportedly has a computing power approximately four times that of NVIDIA's Orin-X and a memory bandwidth of 546 GB/s, which is double that of NVIDIA's Thor-U [7]. - The development cost of the Shenji NX9031 is estimated to be equivalent to building 1,500 battery swap stations, amounting to approximately 2.25 billion to 3 billion yuan [7]. Group 3: Strategic Direction and Market Position - The introduction of external investment is expected to alleviate NIO's capital pressure and signifies the end of the "watering and fishing" phase, as the company aims for suitable investment returns [8]. - NIO's CEO, Li Bin, has emphasized the importance of achieving annual Non-GAAP profitability by 2026, indicating a need for increased efforts in a competitive market [8].