Smart Cars, Smartphones, Smart Moves

(Bloomberg) — First, Chinese carmaker Nio Inc. released a smartphone. Then tech giant Xiaomi Corp. launched an electric vehicle.

Now, Swedish carmaker Polestar is joining the fray with its own phone for the Chinese market, where high-tech and highly connected offerings are popular with drivers.

Unveiled at a glitzy event in Beijing Tuesday in the run up to an auto show in the Chinese capital that starts on April 25, the phone is jointly developed by Polestar Automotive Holding UK Plc’s design team in Gothenburg and Chinese smartphone maker Xingji Meizu Group. Both companies are controlled by billionaire Li Shufu’s car conglomerate Zhejiang Geely Holding Group.