China’s Nio to launch first mobile phone in Sept to boost appeal of EV

Nio plans to launch its first self-developed mobile telephone in late September, the Chinese electric vehicle maker said, aiming to improve the appeal of its cars with better software and connectivity. Nio's founder and chief executive, William Li, was a key driver of the phone project, which the automaker is targeting mainly at drivers of its cars. "Our phone business is not to compete with those phone makers," Li told investors in an earnings call late on Tuesday.