LIZHI INC. ("LIZHI" or the "Company") (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, announced today that it has entered into a collaboration with WM Motor, an electric vehicle manufacturing company in China, to integrate LIZHI's in-car audio product into WM Motor's in-car system for its electric vehicles. LIZHI's related in-car audio product has been officially launched on the WM W6 model.
WM Motor is an emerging player that provides new energy mobility solutions in China. Since its establishment in 2015, WM Motor has developed a range of electric vehicle models including WM EX5, WM EX6 Plus, and the recently launched WM W6. WM Motor aims to promote the development of smart travel through technology innovation.
Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, said, "We are excited to work with WM Motor, which aims to deliver improved in-car entertainment experiences to customers through intelligent technologies. With this collaboration, we hope to bring our extensive audio content and exclusive premium podcasts on LIZHI Podcast (LIZHI BOKE in Chinese) to a wider audience."
“We believe the development of new energy vehicles may present a huge opportunity for the podcast industry, especially with the rollout of 5G internet and the development of Internet of Vehicles (IoV),” Mr. Lai added. “With our AI-empowered content distribution solutions and a wide variety of exclusive podcasts from LIZHI Podcast, we see an exciting market opportunity in cooperating with new energy automakers in China, providing more drivers with an immersive audio experience in various in-car use scenarios.”
About LIZHI INC.
LIZHI INC. (the "Company" or "LIZHI") has built an audio ecosystem with a global presence consisting of audio-based social networks, podcast content portfolios and audio communities. The Company aims to bring people closer together through voices by its product portfolios. LIZHI's audio-based social networking product offering, including Tiya App, caters to users' evolving interest in social interactions in real time online and enables users to connect with friends having similar interests, entertain, chat online, and share their daily lives through voices. LIZHI also offers a vertical podcast platform, LIZHI Podcast, that provides users with curated content drawn from its extensive content library built over the years, as well as new podcasts provided by selected content creators. Since the launch of LIZHI App in 2013, the Company's flagship platform, LIZHI has cultivated a vibrant and growing online UGC audio community and interactive audio entertainment platform where users are encouraged to create, share, discover and enjoy audio, and experience immersive and diversified entertainment features through audio. LIZHI envisions a global audio ecosystem – a place where everyone can be connected through voices and across cultures. LIZHI INC. has been listed on Nasdaq since January 2020.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
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