Nio, an Unprofitable Chinese EV Manufacturer, Introduces Driver-Focused Phone

Nio, an Unprofitable Chinese EV Manufacturer, Introduces Driver-Focused Phone


(Bloomberg) — While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing ​its first mobile⁢ phone.

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The unprofitable automaker is targeting its loyal customer ⁢base with the phone, which will sync with Nio cars to⁢ act‌ as a key fob, view information such as battery charge, and control functions like self-parking and the in-cabin infotainment system. ⁣The Android-based​ handset will be priced from 6,499 yuan ($890)⁣ —⁣ the same as ⁢Huawei ⁤Technologies Co.’s latest flagship Mate 60 Pro — Nio‍ said as it unveiled the phone at its ‘Innovation Tech Day’ in Shanghai.

“We want our phone to connect seamlessly⁤ with the car, and bring a better user experience ‍to our car owners,” founder and Chief Executive Officer William‍ Li said at the event. The phone ‍will be sold via Nio’s online ​store, though initial deliveries may be limited due to supply…

2023-09-21 05:35:49
Source from finance.yahoo.com
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