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NIO's chip subsidiary, Anhui Shenji Technology, has finalized its first external equity financing round, raising over 2.2 billion yuan. This investment values Shenji at nearly 10 billion yuan and will primarily fund advanced chip R&D and commercial expansion, enhancing NIO's focus on autonomous driving technologies. Shenji, the first Chinese firm to develop a 5nm automotive-grade chip, plans to diversify its product offerings and pursue external customers, particularly in robotics and artificial intelligence sectors.