LIZHI INC. Enters Into Partnership With Automotive Intelligence Technology Company ECARX

Rhea-AI Summary

LIZHI INC. (NASDAQ: LIZI) has announced a partnership with ECARX, an automotive intelligence technology firm, to incorporate LIZHI's in-car audio product into ECARX's intelligent connected platform. This collaboration aims to enhance the in-car audio experience for users, leveraging LIZHI's AI technology and extensive podcast content. ECARX's platform currently boasts over 2.4 million users, presenting LIZHI a significant opportunity to expand its reach and user base. CEO Jinnan Lai expressed optimism about enhancing audio experiences across various scenarios through this partnership.

Positive

• Partnership with ECARX to integrate in-car audio products, enhancing user experience.
• Access to ECARX's platform with over 2.4 million users, increasing potential user base.
• Focus on innovation and AI technologies to enrich audio services.

Negative

• None.

GUANGZHOU, China, March 4, 2021 /PRNewswire/ -- LIZHI INC. ("LIZHI" or the "Company") (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, today announces it has entered into a partnership agreement with ECARX, a leading automotive intelligence technology company, to integrate LIZHI's in-car audio product into ECARX's intelligent connected platform.

The partnership underlines LIZHI's dedication to exploring the potential of online audio products and services through continuous innovation. Leveraging its advanced AI technologies and extensive podcast content offerings, LIZHI aims to enrich the users' in-car intelligent connected experiences and reach a broader user base. According to company website of ECARX, ECARX's intelligent connected system currently has surpassed 2.4 million users, and the number is continuously increasing. Through ECARX's intelligent connected platform, LIZHI's in-car audio product is expected to be launched on multiple vehicle models equipped with ECARX's intelligent cockpits.

Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, said, "We're pleased to partner with ECARX to further unleash the advantages of audio in various use scenarios. With its rich and personalized content offerings backed by advanced AI-empowered recommendation and distribution system, LIZHI aims to enhance ECARX users' in-car audio experiences while reaching a broader user base via ECARX's platform, which may enable LIZHI to explore different in-car audio scenarios. We look forward to this collaboration and hope to bring enhanced experiences to our users."

About LIZHI INC.

LIZHI INC. is a leading online UGC audio community and interactive audio entertainment platform in China, with a mission to enable everyone to showcase vocal talent. The Company is aiming to bring people closer together through voices. Since the launch of its Lizhi app in 2013, LIZHI has cultivated a vibrant and growing community encouraging audio content creation and sharing. Now LIZHI is an audio wonderland offering a wide range of podcasts and audio entertainment products and features, including audio live streaming and various interactive audio social products, empowering users to enjoy an immersive and diversified entertainment experience through audio. LIZHI envisions a global audio community – a place where everyone can create, share and connect with each other through voices and across cultures.

For more information, please visit: http://ir.lizhi.fm.

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.

For investor and media inquiries, please contact:

In China:
LIZHI INC.
IR Department
Tel: +86 (20) 3866-4265
E-mail: ir@lizhi.fm

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: Lizhi@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: Lizhi@tpg-ir.com

View original content:http://www.prnewswire.com/news-releases/lizhi-inc-enters-into-partnership-with-automotive-intelligence-technology-company-ecarx-301240509.html

SOURCE LIZHI INC.

FAQ

What is the partnership between LIZHI and ECARX about?

LIZHI has partnered with ECARX to integrate its in-car audio products into ECARX's intelligent connected platform.

How many users does ECARX currently have?

ECARX's intelligent connected platform currently has over 2.4 million users.

What is LIZHI's stock symbol?

LIZHI's stock symbol is LIZI.

What benefits does LIZHI expect from its partnership with ECARX?

LIZHI aims to enhance user audio experiences and expand its user base through access to ECARX's platform.

When was the partnership between LIZHI and ECARX announced?

The partnership was announced on March 4, 2021.