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$XAU NIO committed to become a strategic investor in Long Shin Technology’s first public offering on July 14 for RMB 158 million. Based on Long Shin Technology’s list of strategic investors for its first public offering, NIO committed to subscribe for RMB 158 million (about $21.8 million) on July 14 and set an 18-month lock-up period. NIO is positioned as Long Shin’s strategic partner for its DRAM business, working together on its automotive-grade LPDDR4X and LPDDR5X products.