Nio-Backed Fund Takes 10.87% Stake in Wuxi Gongwang Sensor Technology

Wuxi Gongwang Sensor Technology has added Hefei Nio Industrial Development Equity Investment Partnership as a shareholder, giving the Nio Group member about a 10.87% stake, and raised its registered capital to about 3.7784 million yuan, according to Jiemian News. The company, founded in January 2023 and led by legal representative Deng Gaoqiang, develops inductive sensors. Jiemian News also reported that Gongwang Sensor completed a Series A financing round in August 2026 worth nearly 100 million yuan, with investors including Nio Capital, Xiamen Tungsten, and Sungrow.