NIO Stock Rises Overnight: Nio Capital Joins Sequoia China And SMIC-Linked Backers In Robot-Sensor Bet
A William Li-founded Nio Capital fund acquired a 10.87% stake in robot-sensor maker Gongwang. Gongwang makes inductive encoders that measure movement inside robot joints and industrial equipment. Its sensors resist magnetic interference, require no permanent magnets and may reduce rare-earth supply exposure. Nio Capital’s portfolio also spans CATL, CALB, Seyond, ClearMotion and Alibaba-backed Dexmal. U.S.-listed … Read more