NIO Inc. disclosed that on February 26, 2026, the company and GeniTech Co., Ltd. (“Shenji”) entered into definitive agreements with certain investors in China, whereby the investors will subscribe for newly issued shares of Shenji with a total cash investment of RMB2.26 billion. Shenji focuses on intelligent-driving chip–related business.
Upon completion, a subsidiary of NIO Inc. will remain the controlling shareholder with 62.70% of Shenji’s equity interest; the new investors will collectively hold 27.30%, and entities administering Shenji’s share incentive plan will collectively hold 10.00%. NIO Inc. emphasized that it will continue to consolidate Shenji’s financial results after the transaction closes.
The announcement reiterated that NIO Inc. is subject to a weighted voting rights structure, with Class A and Class C ordinary shares carrying different voting power. Forward-looking statements in the announcement caution that actual outcomes may differ due to various risks and uncertainties. NIO Inc. remains listed on the New York Stock Exchange, the Stock Exchange of Hong Kong Limited, and the Singapore Exchange Securities Trading Limited.