NIO Capital Updates

 

▌Ian Zhu, NIO Capital Managing Partner, Named "Annual Value Catcher" by IPO Zaozhidao

 

Ian Zhu, NIO Capital Managing Partner, has been named as an "Annual Value Catcher" by IPO Zaozhidao, a tech information portal specializing in providing IPO news.

 

Additionally, NIO Capital has also been recognized across multiple categories, including "Top 100 Best IPO Investment Institutions," "Best Embodied AI Investment Institution," "Best New Energy & New Materials Investment Institution," and "Best ESG Investment Institution."

 

Portfolio Updates

 

IPO News

 

▌Biren Technology Lists on HKEX as the "First GPU Stock on Hong Kong Market"

 

AI chipmaker Biren Technology debuted on the Hong Kong Stock Exchange under the stock code?06082.HK.?This listing establishes it not only as the first GPU-focused company on the HKEX but also as the largest new share issuance under the HKEX's Chapter 18C regime for Specialized Technology Companies, highlighting the breakthrough strength of domestic core technology.

 

Milestones

 

▌LimX Dynamics Unveils Embodied Agentic OS

 

Robotics firm LimX Dynamics launched its embodied Agentic OS, which deeply integrates high-level cognitive capabilities with whole-body motion control. This enables robots to achieve unified "cerebral-motor" intelligence in the real physical world, allowing them to "think, act, and work while reasoning."

 

 

▌Hiway Debuts 16-inch RGB Mini LED Center Console Screen; Supports NIO's 1 Millionth Vehicle Roll-off

 

Smart cockpit solution provider Hiway is now among the first automotive display companies globally to master core RGB Mini LED technology—a breakthrough that paves the way for its application in vehicles. 

 

The company supplied key components—including the NOMI AI robot, center console screens, instrument clusters, ceiling displays, and rear-seat screens—for NIO; its products were featured in the automaker’s recently celebrated 1 millionth production vehicle.

 

 

▌Seyond Secures Exclusive Designation from Foton Motor

 

LiDAR developer Seyond has been selected as the exclusive supplier for Foton Motor's intelligent heavy-duty truck platform. The first model is scheduled for mass production in 2026, injecting strong momentum into the green transformation and efficiency upgrade of line-haul logistics.

 

▌CIX Technology, in Collaboration with Feiniu, Completes Armv9 12-core Platform Adaptation

 

Semiconductor firm CIX Technology has teamed up with operating system developer Feiniu to complete the Armv9 12-core platform adaptation.
The platform runs stably on Linux 6.12/6.18 LTS kernels. The CIX P1 chip, built on a 6nm process, delivers a comprehensive computing power of 45 TOPS, supports up to 64GB of shared memory, and offers high-bandwidth I/O with rich interfaces. It is specifically designed for on-device AI, multimedia, and high-concurrency applications.

 

 

▌XREAL Launches 3D Spatial Feature Across Entire One Series

 

Leveraging its self-developed X1 chip, AR glasses maker XREAL has enabled 3D immersive experiences across its entire One series of gadgets, requiring no additional source content or devices.

 

▌PCG Power Makes Key Progress in Series B Funding; Lists First Inter-institutional REITs; Unveils Smart Energy Fusion Cockpit

 

PCG Power, a comprehensive energy management service provider, has made a key progress in its Series B round and expected to raise hundreds of millions of RMB, reflecting continued recognition from international capital for the company's innovative business model and technical operational strength in the commercial & industrial distributed energy sector.

 

Additionally, the company has listed its first inter-institutional REITs for distributed clean energy assets, with a 24-year term backed by C&I distributed PV projects across multiple Chinese provinces.

 

In parallel, PCG Power has launched its Smart Energy Fusion Cockpit. The platform integrates six core modules—Virtual Power Plant, Electricity Trading, Energy Storage EMS, PV-Storage Synergy, Green Electricity/Certificates, and "Four-Ability" Control—to build a full-chain, closed-loop ecosystem.

 

▌RT Hightech Sells Out Q1 Capacity for 4th-Gen High-Tap-Density LFP Material; 2025 Revenue Grows 40% Against Market Trend

 

RT Hightech, a producer of basic materials for lithium batteries, has sold out all its production capacity in the first quarter of 2026 for its 4th-generation high-tap-density LFP material, with existing lines at full capacity. The company is actively advancing financing specifically for technical upgrades and new production line construction, with additional capacity expected to come online as early as late April 2026.

 

The company reported annual revenue of approximately RMB 4 billion, a 40% year-on-year increase, with R&D investment exceeding RMB 500 million over the past three years. 

 

Cooperation & Win-win

 

▌XREAL Elevates Strategic Partnership with Google

 

At CES 2026 in Las Vegas, XREAL and Google announced a deepened collaboration focused on the implementation of Android XR on AR glasses and the expansion of the developer ecosystem. 

 

▌SINPRO Secures Designations for Multiple Models from Global OEM

 

SINPRO has secured project designations for several models from a globally renowned automaker, accelerating the scaled mass production of its high-performance 4D imaging radar. Its maximum annual design capacity reaches 10 million units.

 

▌AlphaESS Signs Global Strategic Agreement with Australia's Smart Energy Group

 

AlphaESS, a solar energy storage solution and service provider, entered a global strategic agreement with Smart Energy Group, a solar installer based in Australia. Under this partnership, the two companies will combine technological and channel resources to explore application pathways for energy storage systems across diverse scenarios and jointly expand energy solutions. 

 

 

▌CALB Signs Strategic Cooperation Agreement with Changjiang Ship Supply Chain Company and Donghu New Energy Company

 

CALB, a leading new energy enterprise specializing in lithium battery technology, Changjiang Ship Supply Chain Company and Donghu New Energy Company signed a strategic cooperation agreement to integrate their core strengths to jointly promote the electrification of inland river vessels, green shipping, and zero-carbon ports.

 

▌PCG Power Joins Forces with CVCAM and LOK Capital to Launch Distributed C&I PV-Storage M&A Fund

 

Comprehensive energy management service provider PCG Power has entered into a partnership with ChinaVenture Capital Asset Management (CVCAM) and LOK Capital to establish a dedicated merger and acquisition (M&A) fund focused on distributed commercial and industrial photovoltaic and energy storage assets.

 

The initial phase of the fund has successfully closed its fundraising round and completed the acquisition of its first portfolio of assets. The second phase is slated to finalize fundraising in the first quarter of 2026, after which it will begin deploying capital into further projects.

 

▌Pony.ai Deepens Strategic Ties with BAIC New Energy; Enters Business Cooperation with ATBB

 

Autonomous driving company Pony.ai has deepened its strategic partnership with BAIC New Energy, building on its experience in scaled robotaxi production and operation to establish a global benchmark for autonomous driving commercialization.

 

Separately, Pony.ai has entered into a business collaboration with ATBB to jointly develop a fully driverless mobility service fleet, advancing the deployment of autonomous technology in urban and air-rail travel scenarios.

 

▌Momenta’s R6 Model Expands to Buick Lineup; Strategic Partnership with IM Motors Drives LS6 Deliveries Beyond 100,000 Units

 

Autonomous driving company Momenta has deployed its R6 reinforcement learning large model across all three models of Buick's Electra series, enhancing their driving safety assistance capabilities.

 

Separately, the IM AD intelligent driving system—jointly developed by Momenta and IM Motors using a unified end-to-end large model—has supported the IM LS6 in surpassing 100,000 cumulative deliveries. The system delivers an experience summarized as "easy to drive anywhere, park in any available space."

 

Going Global

 

▌Seyond, XREAL, Ambilight, Black Sesame Technologies, and LimX Dynamics Showcase at CES 2026

 

Companies from NIO Capital's portfolio, including LiDAR sensor leader Seyond, AR glasses innovator XREAL, smart glass provider Ambilight, intelligent vehicle computing chip leader Black Sesame Technologies, and robotics firm LimX Dynamics, presented their latest innovations at CES 2026. Their showcases highlighted the global reach and integrated technological strength of NIO Capital's investment ecosystem.

 

 

▌AlphaESS Debuts New Products and Wins Award at Solar Energy Expo in Poland

 

At the Solar Energy Expo in Warsaw, Poland, solar energy storage provider AlphaESS showcased new products including the Aster TB250/TB500 liquid-cooled energy storage systems and the STORION-LC 836 liquid-cooled outdoor cabinet ESS. The company was also recognized with the event's energy storage category excellence award.

 

▌Whale Showcases at NRF 2026 Retail's Big Show in NYC; Hosts Singapore Delegation at Hangzhou HQ

 

AI marketing and sales operations platform Whale showcased its solutions at NRF 2026 Retail's Big Show in New York city. Separately, Whale hosted a tripartite delegation from Singapore at its Hangzhou headquarters, comprising union representatives, HR heads, and policymakers from major Singaporean manufacturing enterprises.

 

▌Eacon Presents at the 2nd Global Mining Electrification Summit

 

Autonomous haulage solutions provider Eacon presented at the 2nd Global Mining Electrification Summit held in Kunshan, China.

 

Sustainable Business

 

▌CALB Receives CDP Ratings

 

In its first-ever disclosure to CDP (Carbon Disclosure Project), lithium battery technology    developer CALB achieved a Management (B) score in both core categories of Climate Change and Water Security. This performance represents the highest level currently attained within the global battery industry.

 

 

▌INFY Commissions Energy Storage System at Guangzhou Textile Factory

 

Energy storage innovator INFY Power has commissioned a 3.856MWh energy storage system at Guangzhou Changxin Textile Factory. The system can dispatch over 1.45 million kWh of electricity annually for the facility, supporting the green and intelligent transformation of this energy-intensive company.

 

▌PCG Power Hosts Forum on Green Asset Value Enhancement and Capital Market Innovation

 

PCG Power, a comprehensive energy management service provider, held a forum to facilitate discussions on topics including REITs for distributed clean energy assets and the participation of long-term capital in the energy transition.

 

Honors

 

▌XREAL Sweeps CES 2026 with Over 38 Prestigious Awards

 

AR glasses maker XREAL won over 38 authoritative awards at CES 2026, including the CES Innovation Awards for products like the XREAL 1S and ROG XREAL R1, as well as accolades from media such as CNET and TechRadar.

 

 

▌LimX Dynamics' Oli Robot Wins Double Championship

 

At the Canton Tower Run Up - Robot Climbing Competition, the LimX Oli humanoid robot secured a dual victory, winning both the "Bipedal Humanoid Robot Champion" and the "Best Precision Control Award" with a finish time of 12.39 seconds.

 

 

▌Dexmal's Toolbox Named Among "Best Large Model Products TOP20" by Jiqi Zhixin

 

Embodied AI company Dexmal 's self-developed all-in-one VLA open-source toolbox Dexbotic was recognized in the "Best Large Model Products TOP20" list by tech media Jiqi Zhixin. 

 

 

▌BIBO's Founder & President Liu Xiaohui Selected for Forbes China Young Overseas Returnees Elite 100; Company Garners Multiple Industry Honors

 

Intelligent chassis solution provider BIBO's founder and president Liu Xiaohui was selected for the Forbes China Young Overseas Returnees Elite 100 list for his persistent dedication and innovative breakthroughs in this area.

 

Concurrently, BIBO secured several major industry accolades. It was named to the 2025 VENTURE50 Hard Tech list by Pedaily and included among the 2025 China AIEV Industry Top 10 Most Investable Companies by Iyiou Auto. The company also won first prize at an international cold region testing skills competition, was selected for KPMG China's Smart Manufacturing Tech 50 list, included in Cyzone's 100 Future Unicorns list, and received an annual technology breakthrough award from the automotive industry think tank Gaogong.

 

 

▌BoCloud's Co-authored Report Recognized among"Top 10 Research Projects"

 

A research report to which cloud service provider BoCloud contributed has been recognized as one of the top ten research projects by the Beijing Fintech Industry Alliance. The report, titled Research Report on Cloud Computing Platforms Supporting Large Model Financial Application and Development, addresses core challenges in applying large models within the financial sector.

 

▌PCG Power Selected for Two Major Tech Lists

 

PCG Power was included in InfoQ's 2025 China Technology Power Annual List, recognized for the "2025 Best AI+ Industry Solution/Implementation." It was also selected for the 2025 Global & Domestic AI Application Imagination TOP50 list jointly initiated by Jixin and AWS.

 

▌United Winners Wins Second Prize at Chinese Optical Society Sci-Tech Innovation Awards

 

Laser technology company United Winners was honored with the second prize for Technological Invention at the Chinese Optical Society's Science and Technology Innovation Awards, recognizing its breakthroughs in advanced laser applications.

 

▌Scanner Optics Receives Dual Honors from Guangdong Laser Industry Association

 

Scanning head developer Scanner Optics was awarded both the Social Contribution Award and the Excellence Contribution Award by the Guangdong Laser Industry Association, acknowledging its impact and leadership within the regional laser industry. 

 

▌Ronbay Technology Approved as National Intellectual Property Demonstration Enterprise

 

New energy material producer Ronbay Technology has been designated by the China National Intellectual Property Administration as a cultivation unit for the 2025-2027 National Intellectual Property Demonstration Enterprise program. This recognition follows the company's remarkable growth in innovation, with global patent applications reaching 1,587—a 263% increase.

 

▌Seyond Wins Multiple Industry Awards

 

Seyond received several prestigious awards including the Auto Star ? LiDAR Pioneer Award, Gasgoo Best Technology Practice Application Award, Gelonghui Golden Globe Award ? Annual IPO with Outstanding Investment Value, and Gaogong Most Investable Company Award.

 

▌Ambilight Named a Deloitte 2025 China Rising Star

 

Smart glass provider Ambilight was selected as a China Rising Star in Deloitte's prestigious 2025 rankings, highlighting its potential as a high-growth, innovative company of the future.

 

▌Inceptio Technology Retains Spot on Hurun China AI Top 50

 

Autonomous driving developer Inceptio Technology maintained its position on the Hurun China Artificial Intelligence Companies Top 50 list, underscoring its sustained influence and performance within the AI sector.

 

▌CIX Technology Featured on Hurun Global Gazelles Index for Second Year

 

Semiconductor firm CIX Technology was named in the Hurun Future Unicorns: Global Gazelles Index 2025, an accolade that identifies the world's most successful high-growth startups founded in the 2000s.