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Unprofitable China EV maker Nio unveils phone pitched at drivers

News Snapshot:

(Bloomberg) — While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. (NIO) has gone the other way — on Thursday releasing its first mobile phone. Most Read from Bloomberg The unprofitable automaker is targeting its loyal customer base with the phone, which will sync with Nio cars to act as a key fob, view information such as battery charge, and control functions like self-parking and the in-cabin infotainment system. The Android-based handset will be priced from 6,499 yuan ($890) — the same as Huawei Technologies Co.’s latest flagship Mate 60…

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