CXMT

Nio and Momenta Signal China's EV Tech Pivot

Nio and Momenta are showing how China’s EV industry is evolving beyond cars into semiconductors and autonomous logistics. Nio’s 158 million yuan stake in memory chipmaker CXMT was worth about 894 million yuan after the stock jumped 466% on debut, while Momenta confirmed robovan operations in Suzhou as China’s driverless delivery market targets 860,000 annual sales by 2030. These moves highlight the growing importance of battery, chip, and autonomous driving ecosystems in the Chinese EV market.