Nio strategically invests in Changxin Technology: both parties will build a stable and trustworthy strategic supply relationship

Journalists have recently learned that Weilai has become a strategic investor in Changxin Technology, committing to a subscription amount of 1.58 billion yuan with a lock-up period of 18 months. The two parties will carry out strategic cooperation on existing automotive-grade LPDDR4X and LPDDR5X products, aiming to build a stable and trustworthy strategic supply relationship. In recent years, Weilai has been steadily expanding its presence in chip, smart driving, energy and other underlying core technologies, and continuously deepening strategic cooperation with key partners in the industrial chain.