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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).
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.
Xiaomi: Consumer demand in China's smartphone market continued to shrink in the second quarter, dropping 5% to 64.3 million units, according to Canalys, a consultancy that tracks the smartphone industry.
In light of declining handset sales, Xiaomi is planning to move into the manufacture of electric vehicles (EVs) and has received approval from China's state planner, Reuters reported this month.
CEO Lei Jun, who has said Xiaomi's foray into EVs will be his last major entrepreneurial project, posted on Saturday pictures of people holding a banner saying 'Fighting for Xiaomi Auto" on his personal Weibo social media account.