Group 1 - NIO has established an independent entity for its self-developed chip business, similar to Huawei's HiSilicon [1][5] - The new company, Anhui Shenji Technology, was registered with a capital of 10 million RMB, and its legal representative is Bai Jian, who is also the vice president overseeing hardware at NIO [2][5] - The self-developed chip, named Shenji NX9031, has achieved a production capacity exceeding 1000 TOPS, making it the most powerful chip in mass production in the industry [10][13] Group 2 - NIO's chip development began in 2021, with Zhang Danyu as the direct responsible person, who has a background in Huawei's HiSilicon [8][10] - The company has invested significantly in chip development, with estimates suggesting that the investment could build 1000 battery swap stations, indicating a potential valuation in the tens of billions [15] - NIO is also looking to introduce strategic investors for the independent chip entity while retaining control, aiming to alleviate financial burdens and enhance operational efficiency [18][19] Group 3 - In addition to the chip business, NIO is negotiating equity transactions related to its battery swap stations with CATL, which has ambitious plans for battery swap infrastructure [19] - NIO's vehicle sales have shown improvement, with a total of 47,131 vehicles sold in April and May, surpassing the first quarter's sales [21] - The company is drawing parallels with Amazon's growth trajectory, emphasizing its long-term investment in technology and the potential for diverse revenue streams [23][24]