The product range of technological companies is expanding day by day. For example, Apple and Huawei continue to work on the creation of electric cars. Additionally, Xiaomi and a few other companies are also following in their footsteps. However, the situation is slightly different for NIO. Because the automaker is preparing to release a smartphone this time.

NIO continues to work on smartphones without slowing down. The company’s CEO, William Lee, said the development of mobile phones has been relatively smooth and urged NIO users not to replace their phones next year. Li, who inaugurated NIO’s new home in Dongguan, Guangdong province, also said the automaker has no plans to produce an MPV this year or in the near future.

Nio Mobil Technologies Inc. Ltd has been official for a while. Nio took full ownership of the business and expanded the necessary regulatory requirements. The registered capital of the company is 100 million dollars. Nio already has a significant presence in mobility technology with its highly connected Nio EVs.

These models take full advantage of the latest technology to deliver a great Nio electric car experience. When the Nio phone arrives, it is expected to fit tightly into the Nio ecosystem and provide a smooth driving experience. There is no final official statement from Nio about the smartphone plans yet.

Lee has previously said that it shouldn’t be compared to other cell phone giants with strong sales figures. He acknowledged that developing the phone was simple, but the company hopes to create something unique. The company hopes to develop a mobile phone that will be compatible with NIO cars, with a new model released every year, just like Apple. The phone is expected to cost less than $1,000.