NIO Stock: CEO William Li Says Second-Gen Nio Phone Is Underway

Nio’s (NYSE:NIO) second-generation phone has successfully completed development and is now entering the production phase, CEO William Li revealed at a Nio vehicle gathering over the weekend. NIO stock is up 1.5% today.Nio launched its first phone last September, priced between $890 and $1,030 based on storage and RAM. The main focus of the device is its connectivity features, allowing a user to, for example, use the device as a key and control the vehicle temperature. At the gathering, Li noted that Nio wou ...