NIO Stock Fans Should Get Ready for a New Nio Phone

Would you use a smartphone from an electric vehicle (EV) producer? That’s the question that Nio (NYSE:NIO) is once again asking investors as it gears up for the second generation of the Nio Phone. After releasing the first edition of its smartphone in September 2023, Nio is poised to reveal a major update at the upcoming Innovation Day 2024.So far, this news hasn’t done much for NIO stock. But even so, the development is worth examining, as it raises an important question. Nio certainly needs a growth-drivi ...