NIO - Nio Stock Is Falling Thursday: What's Going On? | Benzinga
NIO Inc (NYSE: NIO) shares are trading lower. The company on Thursday launched a smartphone designed to be used with its electric vehicles.
What Happened: Nio has unveiled a new high-end smartphone capable of communicating with Nio vehicles, triggering functions like parking, unlocking the vehicle and picking up the user, per Reuters.
The Nio Phone has more than 30 car-specific functions and will initially only be sold in China, starting Sept. 28. The smartphone will be offered in three different models priced in the range ...