Nio has called on customers who want to buy smartphones within the next year to wait for its own launch, as the electric vehicle company “makes steady progress” venturing into the country’s smartphone market, local media outlet reported on Nov. 27, citing chief executive William Li. Li made the comments at the opening ceremony of a showroom in the southern city of Dongguan. In August, the company reportedly hired a senior executive from the smartphone unit at Chinese mobile internet firm Meitu to lead a team of more than 300 employees in Shenzhen from mobile giants such as Huawei and Oppo. [Jiemian, in Chinese]