Chinese electric car maker Nio to start producing smartphones, the first novelty could be released in 2023

The Chinese company Nio, which is known for its electric vehicles, will produce smartphones.

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Nio registered a division of Nio on August 4Mobile Technologies Co Ltd with a starting capital of $100,000,000. The company was co-founded by Nio President Qin Lihong. The headquarters of Nio Mobile Technologies Co Ltd, as well as the automotive division, will be located in Shanghai.

There is no release date for the first novelty of the company yet, but they say that the gadget will be released in 2023. By the way, Nio will follow in the footsteps of Apple and will release smartphones once a year.

Recall that recently the Chinese car manufacturer Geely acquired Meizu. The company will now also be engaged in the production of smartphones.

Source: СNEVpost

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