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China's Nio launches smartphone that can instruct electric cars to park themselves

Chinese electric vehicle company Nio has launched its first car-specific smartphone, the Nio Phone, which offers over 30 car-specific functions including instructing the car to park itself and notifying the car to drive itself to the user's location. The phone will only be available in China and is priced between 6,499 and 7,499 yuan ($890-$1,030).

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Nio Inc: China's Nio launches smartphone that can instruct electric cars to park themselves, ET Telecom

Nio Inc: Chief Executive William Li said the Nio Phone had more than 30 car-specific functions and had broken new ground with connection technologies.

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China's Nio signals slowing EV deliveries as volumes rise

China's Nio Inc posted a wider-than-expected loss and flagged a slowing pace of deliveries for its electric vehicles (EV) in the current quarter, sending its U.S.-listed shares down 7% in extended trading.

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