LIZHI INC (LIZI) Enters into In-Car Audio Collaboration with WM Motor

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."

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• GrowGeneration Corp. (GRWG) Announces Change to Board of Directors
• KKR & Co. (KKR) to Acquire $1.64B Student Housing Portfolio from BREIT (BX)