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Zenger
Zenger
Ramakrishnan M

Chinese EV Maker Nio Advances In Smartphone Venture, N2301 Obtains License

NIO Tesla Inc. Elon Musk William Li Jakub Porzycki China Internet Ministry of Industry and Information Technology Nasdaq
Tesla logo displayed on a phone screen and Elon Musk's Twitter account displayed on a screen in the background. Nio’s inaugural smartphone, bearing the model number N2301, has successfully obtained an internet access license from China’s Ministry of Industry and Information Technology. JAKUB PORZYCKI/NURPHOTO VIA GETTY IMAGES.

Nio Inc (NASDAQ:NIO), the Chinese electric vehicle maker considered a rival of Tesla Inc (NASDAQ:TSLA), has achieved a crucial milestone in its journey toward smartphone production. The company’s nascent endeavor, speculated upon since last year, has now passed a significant regulatory hurdle.

Nio’s inaugural smartphone, bearing the model number N2301, has successfully obtained an internet access license from China’s Ministry of Industry and Information Technology, CnEVpost reported on Friday, citing a government filing.

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