Nio Capital's early investment in Black Sesame Intelligence culminates in the company's successful listing on the Hong Kong Stock Exchange, highlighting strong growth potential in the smart automotive sector.

Target Company Overview

Black Sesame Intelligence, founded in 2016, is a leading provider of automotive-grade intelligent vehicle computing chips and chip-based solutions. The company initially launched the Huashan series of high-performance chips for autonomous driving and has recently introduced the Wudang series of cross-domain computing chips to address the increasingly diverse and complex demands of advanced functions in smart vehicles.

As of June 4, 2024, Black Sesame Intelligence has partnered with over 49 automotive OEMs and tier-one suppliers, including major players such as FAW Group, Dongfeng Group, and Baidu. The company has also secured intention orders for 23 vehicle models from 16 OEMs and suppliers, showcasing its strong market presence and demand for its innovative solutions.

Industry Overview in China

The smart automotive sector in China is experiencing rapid growth, driven by increasing investments in electric and autonomous vehicle technologies. The rising de