NIO’s Mobile Phone Plan Is Scheduled to Be Delivered in Late September

On August twenty ninth, NIO launched its monetary report for the second quarter of 2023. The knowledge reveals that in the second quarter, NIO achieved a income of 8.77 billion yuan (＄1.2 billion), with analysis and improvement bills reaching 3.34 billion yuan (＄458 million), surpassing 3 billion yuan (＄412 million) for 3 consecutive quarters; money reserves amounted to 31.5 billion yuan (＄4.3 billion).

During the efficiency convention name, William Li, founder, chairman, and CEO of NIO, revealed that “the launch of the smartphone will help increase the competitiveness of our vehicles. Currently, we plan to deliver the smartphone product in late September.”

NIO‘s cell phone has obtained community entry permission in early August. It is anticipated to be geared up with UWB know-how, offering environment friendly and handy automobile distant management expertise providers for NIO automobile homeowners. In easy phrases, with this know-how, NIO automobile homeowners can exit with out carrying their automobile keys and unlock their automobiles utilizing only a cell phone.

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William Li as soon as acknowledged in an interview that NIO‘s foray into the smartphone market shouldn’t be to compete with Huawei or Xiaomi, however quite to meet the wants of customers. He talked about that the synergy between smartphones and automobiles is changing into more and more necessary. For him, if NIO can promote a whole lot of 1000’s of smartphones, he could be very pleased if half of their customers buy them, as it might imply they’ve achieved their purpose. According to William Li, automobile homeowners really feel much less strain when deciding to swap to a smartphone from the identical model, whereas he believes solely Apple can efficiently persuade smartphone customers to swap to their model of automobiles.

NIO‘s co-founder and president, Qin Lihong, emphasised that there’ll completely be no commercials in NIO smartphones, and they’re decided not to become profitable by promoting.

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