SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch.
The phone, priced from around $900 to $1,000, is an Android device that’s about $150 cheaper versus a comparable Huawei phone, Li said in Mandarin.
He told CNBC that among Nio users from which the company makes a profit, more than half are iPhone users, while the other half uses flagship Android phones from Huawei and other brands.
“I believe this portion of users are very likely to use this new form [of device] when they are changing their phones,” Li said according to a CNBC translation, citing the phone’s overall performance and car connectivity.
Nio is the first high-end Chinese electric car brand to release its own smartphone, which Li said the company developed in about a year. Electric car companies in China have sought to make in-car entertainment and mobile phone connectivity a selling point for their vehicles.
Delivery starts on Sept. 28, with orders starting immediately.
Swedish electric car maker Polestar, which counts China as a major market, told CNBC earlier this month it plans to launch a phone in December.
Smartphone companies Apple and Xiaomi have long been reportedly working on their own cars.
Less than two years ago, Huawei released the Aito brand, which sells electric cars in China that are integrated with the smartphone company’s operating system. Huawei also sells its in-car software to other electric car companies such as Avatr and BAIC’s Arcfox.
That connectivity allows drivers to sync their personal device settings — such as for music — with the car. Nio also has a standalone mobile app.
A smartphone for cars
While the new Nio device resembles a typical smartphone, it comes with a special button that acts as a key for the car, Li told CNBC on Wednesday.
The Nio smartphone also allows users to connect more seamlessly with the car, such as when transitioning between the phone and the vehicle during online meetings, he said.
What we are pursuing is the car experience and the emotional experience we can provide to our users.William LiCEO, Nio
The new device is an opportunity for Nio to make more money per user.
“We pay more attention to the value that each user brings to our entire brand, and it is more convenient to connect users. It is also more efficient than before,” Li said. “What we are pursuing is the car experience and the emotional experience we can provide to our users.”
The phone is available to all consumers in China, not just those who own Nio cars, Li added.
He pointed out that the Nio phone app has 600,000 active users a day, about 1.5-times the number of car users.
Nio’s monthly deliveries rose to around 20,000 in August and July, after a decline in delivery volume the prior three months.
In the second quarter ended June 30, Nio reported that revenue from the “other sales” category was mainly driven by a boost in the sales of used cars, accessories and power services, which more than doubled from a year ago to 1.59 billion yuan ($217.86 million) despite a decline in total revenue.
The company attributed the year-on-year and quarter-on-quarter increase in other sales to “continued growth of our users.”
Europe market
However, Nio doesn’t have plans to release the smartphone in Europe — at least not until the market grows larger, Li said.
Nio is in five countries in Europe, including Germany, and the company needs time to focus on developing local car services, Li said, noting those are important for auto products.
When asked about the European Union’s anti-subsidy probe into Chinese EVs, Li said the company was still learning the details.
We believe time is still on Nio’s side.William LiCEO, Nio
It’s more important for the world to cooperate, especially on addressing climate issues, he added.
“I don’t think anyone should block users from using good products through multiple ways” such as investigations, he said.
Investing for the future
In China, the penetration of new energy vehicles has expanded quickly, but an overall slowdown in economic growth has weighed on the market.
Competition in the domestic electric car market is “fierce,” Li said, noting challenges for industry peers as well.
But he expects business investments will help Nio create barriers to entry. “We believe time is still on Nio’s side,” Li said.
He noted the company spends about $500 million on research and development every quarter. Other major areas of investment for the company, he said, are battery charging and development of a mass market brand.
Nio previously said it plans to release a vehicle in the second half of next year under the mass market brand “Alps.”
The company has faced financing challenges more than once since its founding in late 2014. Earlier this year, Nio said it was delaying some spending plans due to lackluster deliveries.
But the company subsequently received nearly $740 million from an Abu Dhabi-backed fund. Nio also announced this week a refinancing plan for a portion of its debt.
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Nonetheless, the conventional deadlift tends to be a good bit heavier
than the RDL. With the conventional deadlift, we convey our hips
close to the bar, bettering our leverage, and we bend our knees on the backside, permitting our quads to help push the load up.
That means extra weight in our arms, more weight supported by our spinal erectors and traps, and more weight to
pull with our lats and rear delts. Lifting with straight legs means you won’t be able to go as heavy,
so the stiff-leg deadlift is not so good for developing maximal energy.
Both the RDL and stiff leg deadlift have the potential to construct muscle
mass.
When comparing deadlifts and Romanian deadlifts (also often recognized as the RDL),
the primary difference is how you start every repetition and the extent of muscle
engagement involved. It kicks off with a sequence
about the means to build muscle extra leanly, achieve strength faster, and
improve your appearance. If you might be an athlete, want to build a bigger butt, or need to
train your whole posterior chain, the Romanian deadlift should be your first choice.
Hinging forward with straight knees places extra stress in your hamstrings and decrease again, and fewer in your glutes.
The RDL has a more natural motion as most individuals instinctively bend their knees somewhat once they lean ahead
to select up a weight, pull on their socks, or tie their sneakers.
Exhale as you drive your hips ahead to return to the beginning position. With your shoulders pulled
back and knees barely bend, hinge again along with your hips and
bend ahead right into a 90-degree angle.
So, if it pleases your Grace, we humbly request your mercy and patronage notwithstanding the vexing free transport minimum.
You’ll be succesful of raise much less with the Romanian deadlift vs.
deadlift. We are fun loving household that lives on a small farm
and tries to be wholesome. We are not health fanatics we’re just attempting to keep issues
easy particularly with how busy our lives are. We have
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other in style workouts below. On the other hand, that
is when the Romanian deadlift is the optimum alternative.
Its emphasis on the hamstrings and glutes makes it notably useful
for individuals aiming for hypertrophy or bodybuilding functions.
Moreover, the RDL presents numerous variations
that can be integrated into your training routine to add variety and challenge your muscular tissues in different ways.
The primary distinction between the workout routines is that the deadlift is
performed by lifting the load from the ground and the RDL starts with the load held in front of the
hips. The Romanian deadlift is a hinge motion that primarily targets
the hamstrings and glutes. It involves hinging at the hips while maintaining the again straight and lowering the barbell in the
course of the ground. The RDL emphasizes hamstring and glute activation, making it
a wonderful train for constructing strength and hypertrophy
in these muscle groups.
Both deadlifts and Romanian deadlifts require using a bar or a
barbell, however the distinction is drawn from the strikes done by the lifter in these two exercises.
Athletes doing Romanian deadlifts keep the bar away from the ground, executing what appears
to be a stiff-legged deadlift. The Romanian deadlift or generally generally recognized as the RDL, is a functional compound energy motion and variation to
the standard deadlift. Most typically used
as an adjunct lift, with a submaximal load, the Romanian deadlift has many applications in strength training,
in addition to high-intensity useful training packages.
The deadlift is a true test of full-body strength and requires proper approach and
kind to maximise its benefits. Executing correct technique is essential for maximizing the advantages of these two variations of the train. In deadlift, the lifter starts with a concentric range of
movement, pushing off the ground with their knees.
RDL is carried out with the knees bent at a 15-degree angle, all through the movement.
The straight leg deadlift entails preserving the legs nearly fully straight with no
flexion within the knees as the barbell
is brought down. Nonetheless, not like the RDL, as the barbell descends
towards the bottom, it does not stay in shut
contact to the legs. Deadlifts construct core stability, gripping power
and many alternative muscle groups in your posterior chain corresponding to your back,
legs, shoulders, and arms. With stronger glutes, hamstrings, and better core strength, you may have extra explosive
power and endurance, bettering overall athletic performance.
In addition to concentrating on the hamstrings, the Romanian deadlift additionally
activates the glutes, decrease back, and core muscles.
The hip hinge motion sample concerned in the RDL helps to strengthen the gluteal muscular tissues,
which play an important role in hip extension and
overall decrease body power.
The RDL is thought for its deeper stretch in the hamstrings and
glutes, making it an excellent alternative for particularly concentrating on these
muscles. Muscle mass and energy constructing
are necessary concerns in any strength training program, and the deadlift and Romanian deadlift are both effective exercises for
achieving these goals. Each workout routines involve multiple muscle teams and can be used to
construct endurance and improve general fitness.
The deadlift is the king of workouts in relation to constructing power and muscle mass all
through the whole body, therefore the rationale you see it incorporated into so many various workout applications.
Each deadlift variations have interaction all of the muscle groups talked about above—but
not equally. As A Result Of the classic deadlift drops the hips decrease and entails more of a knee-bend than the
RDL, it engages the quads to a greater degree.
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