NIO Is Launching Its First Phone. What's Behind the EV Maker's Move

Dow Jones2023-08-30

Chinese electric vehicle producer NIO has set a date for the launch of its own phone. It's a sign of the increasing integration between smartphone and automotive technology and the race to capture the associated revenue.

NIO said it plans to launch the phone in the second half of September and it would provide a better experience for drivers, especially those using vehicles built on its NT2.0 platform

"We would like to use the phone as a carrier to provide the best experience for our vehicle user," CEO William Li said on an earnings call on Tuesday.

Vehicle software and its integration with drivers' smartphones is becoming an increasingly important part of a car's value. General Motors surprised the automotive industry earlier this year when it said it would drop Apple's $(AAPL)$ CarPlay app and similar technology from Android for using smartphones through car displays, replacing it with custom software.

NIO's Li insisted the company wasn't looking to compete with other phone manufacturers. Its product will run the Android operating system.

American depositary receipts of NIO were down 3.95% in premarket trading on Wednesday. The stock looks set to continue losses from the previous day when its second-quarter earnings missed market expectations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

dw321
2023-08-30
dw321
Sounds like stupid reason to launch phone
- JP24:
  Their profit margin will be low.. as if there are already not many Android phone manufacturers out in the consumer electronics industry.

Leave a comment

1

6

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2363427563?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-30 20:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2363427563","market":"us","top_or_hot":-1,"title":"NIO Is Launching Its First Phone. What's Behind the EV Maker's Move","media":"Dow Jones","content":"<html><head></head><body><p>Chinese electric vehicle producer NIO has set a date for the launch of its own phone. It&#39;s a sign of the increasing integration between smartphone and automotive technology and the race to capture the associated revenue.</p><p><a href=\"https://laohu8.com/S/NIO\">NIO</a> said it plans to launch the phone in the second half of September and it would provide a better experience for drivers, especially those using vehicles built on its NT2.0 platform</p><p>&#34;We would like to use the phone as a carrier to provide the best experience for our vehicle user,&#34; CEO William Li said on an earnings call on Tuesday.</p><p>Vehicle software and its integration with drivers&#39; smartphones is becoming an increasingly important part of a car&#39;s value. General Motors surprised the automotive industry earlier this year when it said it would drop Apple&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> CarPlay app and similar technology from Android for using smartphones through car displays, replacing it with custom software.</p><p>NIO&#39;s Li insisted the company wasn&#39;t looking to compete with other phone manufacturers. Its product will run the Android operating system.</p><p>American depositary receipts of NIO were down 3.95% in premarket trading on Wednesday. The stock looks set to continue losses from the previous day when its second-quarter earnings missed market expectations.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b31c9587dfae9dbd55a99d0175f7a5de\" tg-width=\"764\" tg-height=\"627\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Is Launching Its First Phone. What's Behind the EV Maker's Move</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Is Launching Its First Phone. What's Behind the EV Maker's Move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-30 20:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese electric vehicle producer NIO has set a date for the launch of its own phone. It's a sign of the increasing integration between smartphone and automotive technology and the race to capture the...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2363427563","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2363427563","pubTimestamp":1693399450,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Chinese electric vehicle producer NIO has set a date for the launch of its own phone. It's a sign of the increasing integration between smartphone and automotive technology and the race to capture the associated revenue.NIO  said it plans to launch the phone in the second half of September and it would provide a better experience for drivers, especially those using vehicles built on its NT2.0 platform. \"We would like to use the phone as a carrier to provide the best experience for our vehicle user,\" CEO William Li said on an earnings call on Tuesday.Vehicle software and its integration with drivers' smartphones is becoming an increasingly important part of a car's value. General Motors surprised the automotive industry earlier this year when it said it would drop  Apple's  CarPlay app and similar technology from Android for using smartphones through car displays, replacing it with custom software.NIO's Li insisted the company wasn't looking to compete with other phone manufacturers. It","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"translate_title":"蔚来将推出其首款手机。电动汽车制造商的举动背后是什么","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":0.9,"09866":0.6,"NIO.SI":0.6},"content_text":"Chinese electric vehicle producer NIO has set a date for the launch of its own phone. It's a sign of the increasing integration between smartphone and automotive technology and the race to capture the associated revenue.NIO said it plans to launch the phone in the second half of September and it would provide a better experience for drivers, especially those using vehicles built on its NT2.0 platform\"We would like to use the phone as a carrier to provide the best experience for our vehicle user,\" CEO William Li said on an earnings call on Tuesday.Vehicle software and its integration with drivers' smartphones is becoming an increasingly important part of a car's value. General Motors surprised the automotive industry earlier this year when it said it would drop Apple's $(AAPL)$ CarPlay app and similar technology from Android for using smartphones through car displays, replacing it with custom software.NIO's Li insisted the company wasn't looking to compete with other phone manufacturers. Its product will run the Android operating system.American depositary receipts of NIO were down 3.95% in premarket trading on Wednesday. The stock looks set to continue losses from the previous day when its second-quarter earnings missed market expectations.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":214442637488232,"gmtCreate":1693393772790,"gmtModify":1693393819218,"author":{"id":"3578904373237924","authorId":"3578904373237924","name":"dw321","avatar":"https://static.tigerbbs.com/4425061ef8f6492240624ef8525e56af","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3578904373237924","authorIdStr":"3578904373237924"},"htmlText":"Sounds like stupid reason to launch phone","listText":"Sounds like stupid reason to launch phone","text":"Sounds like stupid reason to launch phone","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/214442637488232","repostId":2363427563,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106515645,"gmtCreate":1693399653242,"gmtModify":1693399660917,"authorId":3575712158925738,"author":{"id":3575712158925738,"idStr":"3575712158925738","authorId":3575712158925738,"name":"JP24","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":214442637488232,"type":1,"supId":0,"prevId":0,"content":"Their profit margin will be low.. as if there are already not many Android phone manufacturers out in the consumer electronics industry.","text":"Their profit margin will be low.. as if there are already not many Android phone manufacturers out in the consumer electronics industry.","html":"Their profit margin will be low.. as if there are already not many Android phone manufacturers out in the consumer electronics industry."}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2363427563"}