I think develop a App is better then develop a smartphone. Lower cost. 

Nio's Shares in US, Singapore and Hong Kong Markets Fell Over 4% After Launching Smartphone for Use With Company EVs

Chinese electric automaker, Nio Inc. launched their high-end smartphone Thursday, highlighting the advanced state of EV technologies in the world's biggest auto market.The new phone is designed to be used with its electric vehicles, boasting a surplus of related functions such as using the phone to instruct the car to park itself.Chief Executive William Li said the Nio Phone had more than 30 car-specific functions, including the ability to notify their car to drive itself to their location ."I believe many of our competitors will learn from our smartphone innovations and I welcome them to do so," Li said in a statement.There are three models available, with prices ranging from 6,499 to 7,499 yuan . Initially, the phone will only be available for purchase in China, and deliveries are set to commence on September 28th.Shares of NIO are down 3.51% in pre-market trading Thursday morning.By Michael Elkins | [emailprotected]
Nio's Shares in US, Singapore and Hong Kong Markets Fell Over 4% After Launching Smartphone for Use With Company EVs

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet