Gwang Sensor

Amount: Nearly RMB 100M; Approx. USD 14.7M (converted at 1 USD = 6.8 CNY); Led by: NIO Capital (exclusive lead) | Industrial capital weight significantly increased: Behind NIO Capital is NIO Inc. (dual layout in smart cars + humanoid robots); Xiamen Tungsten Industry Fund is associated with rare earth permanent magnet materials, a key upstream resource for encoders; Sungrow Power Supply Industry Fund focuses on industrial control and new energy, possessing manufacturing customer resources. Funds are used to accelerate the scaled deployment of inductive encoders in robotics and high-precision manufacturing. Wan Chuang Investment Bank served as financial advisor. ⚠️ Company database records amount as USD 148.8M (approx. RMB 1.01B), inconsistent with official 'nearly RMB 100M', see caliber note 1. | Source: STAR Market Daily · Robot Forward · Sensor Expert Network · OFweek