The dividing line between EV manufacturing and mobile technologies can be a fuzzy one. Some tech brands have mooted diversifying to EV manufacturing. Now, popular Chinese EV company Nio has entered the mobile technology space. The incorporation of Nio Mobile Technologies Co. Ltd is now official. The entity is wholly owned by Nio and it has scaled the needed regulatory requirements. The new company has a registered capital of $100 million.
The legal representative of the new Nio tech company is Qin Lihong, Nio’s co-founder and current president. The registered address of Nio Mobile Technologies is the global HQ of Nio in Anting, Shanghai. The new company is officially a software developer and AI hardware developer. It is the first of Nio’s growing subsidiaries that specifically targets the mobile tech business. The rumored Nio phone is speculated to arrive next year. The Nio CEO was earlier quoted as saying that the company is planning to develop a mobile phone that will launch once a year.
Nio already has substantial capabilities in mobile technologies through its highly connected Nio EVs. The models take full advantage of advanced technologies to deliver a great experience using the Nio EVs. It is expected that the Nio phone when it arrives, will fit snugly into the Nio ecosystem and deliver a seamless driving experience. There is no definitive official statement from Nio yet on its smartphone plans.
In any case, a Nio phone could be a delight to behold. It will likely build on the exquisite design of the Nio EVs and incorporate a suite of exciting features. It is also speculated that the Nio phone will be less expensive than an iPhone.
NIO isn’t the first Chinese EV maker that has made an attempt to venture into other segments of the tech market. Last year, BYD launched a smartwatch that can be used to unlock its cars.
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(via)
