Movement Alert｜NIO Rises 3.12% in Regular Trading, Chip Subsidiary Shenqi Debuts at WAIC with Multiple AI Products

Market Focus

Jul 20

On July 20, NIO-SW rose 3.12% in regular trading, trading at 39.06 HKD/share, with turnover of 20.11 million HKD. The rally was driven by news that NIO's chip subsidiary, Anhui Shenqi Technology, made its first independent appearance at the World Artificial Intelligence Conference (WAIC), releasing multiple cutting-edge AI products.

Shenqi unveiled its Ruidong embodied intelligence development platform, a distributed intelligent agent platform, and showcased its NX9031 series chips covering three major tracks: autonomous driving, embodied intelligence, and Agent reasoning. The subsidiary has achieved cumulative shipments exceeding 300,000 units and completed nearly 3 billion yuan in financing since its establishment in June of the prior year, signaling NIO's chip business is officially expanding beyond automotive into the broader AI market.

The automobile sector saw a broad recovery, with XPeng up 4.07%, BYD up 2.48%, Li Auto up 1.68%, Leapmotor up 1.54%, and Geely up 1.24%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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