The Yangjian chip will allow Nio to save about $100 per vehicle and recover its development costs in about a year, William Li said.
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The Nio phone is powered by Qualcomm Snapdragon 8 Gen 2 Soc and offers up to 16 GB RAM along with 1 TB storage.
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Nio's first smartphone will feature a 6.8-inch Dynamic AMOLED 2X display from Samsung Display, for which the company has orders for just 50,000 pieces, according to local media.
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Leapmotor's deliveries fell to just 1,139 units in January, but with the March 1 launch of the C11 SUV's EREV variant, its monthly deliveries have moved back above 14,000 units over the past two months.
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The new brand, which will be significantly differentiated from Honda's e:NS brand, will be based on an all-new all-electric platform and target a younger demographic.
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The $500 million 2029 notes bear interest at a rate of 3.875 percent per year and the other $500 million 2030 notes at 4.625 percent.
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The new G9 transitions to Xpeng's latest SEPA architecture and has a starting price that's RMB 46,000 lower than the old model.
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Zeekr is seeking an $18 billion valuation in a planned US IPO, though investors believe that's higher than they expected, according to local media.
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Wang Xing, CEO of Meituan, cashed in about HK$311 million last week in four consecutive sell-offs of Li Auto's Hong Kong-traded shares.
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Between September 1 and September 17, Li Auto was 20,100, Nio was 9,900 and Xpeng was 6,900.
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