On July 14, NIO appeared on Changxin Technology's IPO strategic investment list, promising a subscription amount of RMB 158 million and a lockdown period of 18 months. According to disclosed information, NIO is Changxin Technology's DRAM cornerstone strategic partner. The two sides will carry out strategic cooperation on existing automotive-grade LPDDR4X and LPDDR5X products, and are committed to building a stable and mutually trusting strategic supply relationship.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.