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Nio Incorporates Mobile Tech Subsidiary

08/05/2022

Less than a minute

2022.08.05 21:53

Nio Incorporates Mobile Tech Subsidiary
Nio (NIO) Incorporates Mobile Tech Subsidiary

William Li, Nio’s co-founder and CEO, told Nio (NYSE:NIO) users on July 28 that the company would develop and launch a new smartphone for its vehicle owners every year. According to data provider Qichacha, Nio incorporated its mobile subsidiary on Thursday.

The new company named Nio Mobile Technology, was incorporated with a registered capital of $100 million naming Qin Lihong, co-founder of NIO, as its legal representative.

The company is wholly owned by NIO NEXTEV LIMITED and is allowed to operate in information integration, mechanical equipment R&D, mobile device sales, AI application R&D, and wearable device sales.

By Michael Elkins | Michael.Elkins@streetinsider.com

08/05/2022

Less than a minute

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