NIO to Launch First Smartphone, NIO Phone, in Q3

Opp.today2023-08-24

Chinese electric vehicle (EV) startup NIO is gearing up to release its first smartphone, the NIO Phone, in the third quarter of 2023. NIO CEO William Li had confirmed the company’s plans to venture ...

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Moonshot
2023-08-24
Moonshot
Well done!

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The license, valid until July 10, 2025, allows NIO to sell and operate the smartphone in the country.The NIO Phone will run on the Android operating system and support 5G connectivity. It will also have dual-SIM card capacity. Once the network access license is obtained, it usually takes around a month for a new phone to be launched in China.According to Li, NIO plans to launch the NIO Phone in the third quarter of 2023, with deliveries commencing during the same period. The smartphone was teased during NIO Day 2022, where two cell phones were shown in the newly unveiled ES8 model.NIO has been experiencing significant success in the EV market, recently delivering a record 20,462 vehicles in July, marking a growth of 103.6% compared to the previous month. With the launch of the popular ES6 model, NIO has broken its monthly sales record for a single model. In the first seven months of this year, NIO has already delivered 75,023 units.Moving forward, NIO plans to introduce several new models, including its first electric station wagon designed for the European market, the ET5 Touring. 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