Electric Vehicles

Automaker Nio to Include Self-Developed Mobile Phone in EVs


Chinese automaker Nio is to launch its own self-developed mobile telephone in a bid to boost the appeal of its EVs.

It will become China’s latest automaker to roll out car systems that allow drivers to use their smartphones to remotely open doors, turn on air-conditioning or start their cars, among other functions.

Nio’s founder and chief executive, William Li, was a key driver of the phone project, which the automaker is targeting mainly at drivers of its cars.

“Our phone business is not to compete with those phone makers,” Li told investors in an earnings call late on Tuesday. “Instead, we would like to use the phone as a carrier to provide the best experience for our vehicle users.”

As the smartphone trend fuels great demand for connectivity, from drivers, more automakers are seeking ways to stay ahead of the growing competition.


Also on AF: Chinese Banks Point to ‘Regional Risks’ Amid Low-Key Profits


The founder of Zhejing Geely Holding acquired smartphone maker Meizu last year and the firms said they would integrate consumer electronics and travel.

Huawei Technologies has partnered with automakers, including Seres Group, to power EVs with its Harmony operating system.

But Nio’s phone project has raised concern among some investors as the company battles widening losses and a sales slump amid a price war started by Tesla in January.

Nio posted a net loss of 6.12 billion yuan ($839.51 million) in the second quarter, versus a loss of 2.75 billion yuan in the corresponding period a year ago.

By the end of June, it held cash and cash equivalents of $4.3 billion and it received an investment of $1.1 billion in July from CYVN Holdings.

Li said Nio would launch the first model of its new EV brand targeting the mass market in the second half of 2024.


  • Reuters with additional editing by Sean O’Meara


Read more:

Nio Cuts Prices, Ditches Free Battery Swapping as Sales Slump

Nio Trials Stations to Swap EV Batteries in Under 5 Minutes

China’s Geely Launches High-Tech JI YUE Brand in Baidu Tie-Up

Rumours of 5G Chip in New Huawei Phone Fuel China Chip Rally



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

Recent Posts

Tesla’s China-Made Monthly Sales Slip 18% Year-on-Year

The US carmaker sold 82,432 of its Shanghai gigafactory-produced vehicles last month as rival BYD…

10 hours ago

Cyclone Forces Foxconn, Pegatron to Shut India iPhone Factories

Cyclone Michaung was sweeping down India’s eastern coast, closing Chennai’s airport and sweeping cars away…

11 hours ago

India to Overtake China to Become Global IPO Leader

Chinese indexes saw double digit falls in the number of IPOs, compared to last year,…

14 hours ago

Emerging Asia Sees Largest Outflows as Funds Stay Cold on China

Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan

14 hours ago

EU Leaders Flying in for Economic Summit in China This Week

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission…

14 hours ago

Record Number of Chinese Blacklisted for Debt Defaults – FT

The number of Chinese blacklisted for defaulting on debts has hit a record high, which…

15 hours ago