LIZHI INC. Launches Audio Product on Vehicle Network-linked Intelligent System BYD DiLink

Rhea-AI Summary

Lizhi Inc. (NASDAQ: LIZI), a leading online UGC audio platform in China, has partnered with BYD DiLink to integrate its in-car audio product into BYD's intelligent system. The launch features audio products in BYD's new energy vehicle models such as Han and Tang. Lizhi aims to enhance personalized audio experiences in vehicles, catering to the growing demand for audio services while leveraging its extensive library of 234 million podcasts. This collaboration signifies Lizhi's commitment to expanding audio applications within the fast-evolving Internet of Vehicles market.

Positive

• Partnership with BYD DiLink enhances market positioning.
• Launch of in-car audio products in popular NEV models.
• Access to a large audio library of 234 million podcasts.

Negative

• None.

GUANGZHOU, China, Dec. 29, 2020 (GLOBE NEWSWIRE) -- LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, today announced that it is partnering with BYD DiLink, a leading network-linked intelligent system in China, to integrate its in-car audio product in BYD’s DiLink intelligent system. LIZHI’s in-car audio product was launched on some of the main models of BYD this week, including the new energy vehicle (NEV) models of Dynasty series Han, Tang, Song, Qin, Yuan, etc.

BYD applied the network-linked intelligent system DiLink to vehicles and has played a leading role in the development of intelligent network in automobiles in China. After the launch of DiLink in 2018, BYD was among the pioneers in the area of the opened ecological cooperation for the network-linked intelligent system in China.

Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, commented, “We are excited to collaborate with BYD DiLink, a leading network-linked intelligent system in China. LIZHI aims to meet the rising demand for audio services in the driving scenarios by providing personalized audio experiences supported by AI-empowered recommendation and distribution system, which may in turn help us reach a wider user base.

We believe as the Internet of Vehicles market rapidly advances, relationships between online audio and intelligent connected vehicles have further converged. We are committed to expanding the application of audio in various use scenarios. A total of 234 million podcasts spanning various sectors have been uploaded to our platform as of September 30 this year, which we believe can essentially meet the demands of a large variety of types of users. Leveraging our advanced technology, coupled with diverse audio contents, LIZHI will continue expanding audio experience offerings to a wider user base across different use scenarios.”

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

FAQ

What is the significance of Lizhi's partnership with BYD DiLink?

The partnership allows Lizhi to integrate its in-car audio products into BYD's intelligent system, enhancing the audio experience for users in new energy vehicles.

Which vehicle models will feature Lizhi's audio products?

Lizhi's audio products will be included in various BYD new energy vehicle models, including the Han, Tang, Song, Qin, and Yuan.

How many podcasts does Lizhi currently offer?

As of September 30, 2020, Lizhi has uploaded a total of 234 million podcasts across various sectors.

What market does Lizhi aim to expand into with this partnership?

Lizhi aims to expand into the Internet of Vehicles market, focusing on integrating audio services in driving scenarios.

What is Lizhi's main goal with its audio platform?

Lizhi's mission is to provide personalized audio experiences and connect users through diverse audio content.