Geely is currently evaluating the M97 smart-driving chip for a potential dual-chip L3 autonomous driving system. This component was developed by GeniTech, the chip subsidiary of Nio, in partnership with Axera Semiconductor. The M97 chip offers more than 700 TOPS of computing power and competes with the 560 TOPS Journey 6P from Horizon Robotics.
While no formal supply agreements or production timelines have been confirmed, the potential deal marks a significant step for Shenji in expanding its third-party customer base. Beyond Geely, Leapmotor and Chery have also expressed interest in the technology. Shenji has already secured a nomination for an edge-inference project from the Hefei government.
The collaboration between Shenji and Axera involves a customized development process based on Shenji's architecture. This arrangement has reportedly generated hundreds of millions of yuan in licensing fees for Nio. The company's previous in-house chip, the NX9031, has seen cumulative shipments exceeding 300 000 units across Nio and Onvo vehicle lineups as of July.
In February, Shenji completed a funding round raising ¥2,257 billion, which resulted in a post-money valuation of ¥8,27 billion. Following this investment, Nio retains a controlling 62,7 percent stake in the subsidiary. The M97 chip was scheduled for release in the third quarter of 2026.