Navitas Powers Pioneering NIO Phone With Fast Charging And Seamless EV Interaction
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor (NASDAQ:NVTS) has announced that its GaNFast power ICs with GaNSense technology are featured in NIO's new smartphone, the NIO Phone, which offers 66 W fast charging and seamless integration with NIO's electric vehicles. The phone includes a Qualcomm Snapdragon 8 Gen 2 chip, a 6.81-inch 2K screen, and can control over 30 car functions, potentially replacing car keys. Navitas' ICs contribute to the phone's lightweight and efficient charging experience, marking a collaboration between Navitas, NIO, and TenPao, the manufacturer of the NIO Phone charger.
December 07, 2023 | 1:39 pm
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Navitas Semiconductor's GaNFast power ICs are being used in NIO's new smartphone, indicating a significant partnership and potential for increased demand for Navitas' technology.
The use of Navitas' GaNFast power ICs in NIO's new smartphone could lead to increased visibility and demand for Navitas' technology, potentially boosting its stock price in the short term. The partnership with a high-profile EV maker like NIO and the integration into a consumer product that interacts with EVs could be seen as a strong endorsement of Navitas' technology.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90