Nio’s Shenji Secures 2.25bn Yuan Investment, Nio Retains 62.7% Stake
Shenji, Nio’s intelligent-driving chip arm, secured a 2.25bn yuan investment for a 27.3% stake, leaving Nio with 62.7% control and employees with 10%. Nio forecasts its first non-GAAP quarterly operating profit of 700m–1.2bn yuan for Q4 2025, compared with a 5.54bn yuan loss a year earlier.
1. Investment Agreement Details
Binding agreements have been signed for a 2.25bn yuan investment in Shenji, Nio’s intelligent-driving chip unit, from a consortium of local state-owned and private investors. The transaction remains subject to customary closing conditions.
2. Stake Distribution and Control
Post-investment, Nio will hold a 62.7% controlling stake in Shenji, the investor group will own 27.3%, and shares reserved for the employee incentive scheme will account for 10%. Shenji’s results will continue to be consolidated in Nio’s financial statements.
3. Strategic Chip Development
Carved out in June last year, Shenji was the first Chinese company to develop and deploy five-nanometre automotive-grade chips at scale in over 150,000 Nio vehicles. The unit plans to develop ultra-high-performance chips for next-generation smart driving and expand into embodied robotics and agent reasoning solutions.
4. Q4 2025 Profit Forecast
Nio projects adjusted operating profit (non-GAAP) of 700m–1.2bn yuan and GAAP operating profit of 200m–700m yuan for Q4 2025, marking its first quarterly adjusted operating profit after a 5.54bn yuan non-GAAP operating loss in Q4 2024.