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Europe’s best-selling Chinese EV maker has a surprising name
5. One leading Chinese university just scrapped the mandatory English test that all students needed to pass to graduate. It signals the declining importance of the language in China. (South China Morning Post $)
6. Only two pages of Walter Isaacson’s 600-page Elon Musk biography concern his dealings with China—where over half of Tesla cars are produced. (Rest of World)
Lost in translation
Do you want to buy a smartphone as an accessory for your car? Nio, the Chinese EV startup, is betting that you do. On September 21, Nio officially launched its first smartphone, which will be closely tied to its cars’ functions. Priced between 6,499 RMB and 7,499 RMB ($890 to $1,025), it costs about the same as an iPhone 15, which puts it in the small luxury smartphone sector in China. And the company plans to release a new model every year, similar to Apple’s approach.
Who’s the target customer? According to the Chinese publication Shijie, Nio CEO William Li says it’s Nio car owners: “If we can sell 5 million Nio cars, half of the owners buy Nio phones, and they get a new phone every three years, then it will be profitable.” The Nio phone would replace traditional car keys and control various vehicle functions remotely. Still, some consumers have questioned the need for a dedicated smartphone when a mobile app could do the same. While many Chinese EV brands have found a fervent following among their customers, Nio is about to find out whether their loyalty is strong enough to justify a $900 accessory.
One more thing
It’s the Mid-Autumn Festival again this Friday, and I’ve already stocked up on mooncakes—the decadent, unhealthy treats filled with lotus seed, red bean, and salted egg yolk, which are reserved for this holiday. But I didn’t know until this visual story in the Washington Post that mooncakes have also been used to spread political rebellion, from ancient China to Hong Kong in the 2010s. Well, I will devour the mooncakes with more respect this year.