NIO-SW (09866) announced that on February 26, 2026, its subsidiary GeniTech Co., Ltd. entered into a definitive agreement with a group of Chinese investors. Under the agreement, the investors will subscribe to newly issued shares of GeniTech for a total cash consideration of 2.257 billion yuan. GeniTech is primarily responsible for NIO's intelligent driving chip-related business. The investment transaction is subject to customary closing conditions. Upon completion, a subsidiary of NIO will continue to hold a 62.7% controlling stake in GeniTech, and NIO will continue to consolidate GeniTech's financial results. The investors will collectively hold a 27.3% equity interest in GeniTech. Entities holding shares for the management of GeniTech's employee incentive plan will hold the remaining 10.0% stake. Founded in November 2014, NIO is dedicated to creating a sustainable and better future. The company designs, develops, manufactures, and sells smart electric vehicles. Its NIO brand focuses on premium smart electric vehicles, the Onvo brand targets family smart electric vehicles, and the Firefly brand offers compact premium smart electric cars.