Benzinga | Jul 16, 2021 08:10AM EDT

Lighi Bonds With Xinghe Zhilian Automotive Technology Company

* Lizhi Inc (NASDAQ:LIZI) collaborated with Xinghe Zhilian Automotive Technology Co., Ltd to integrate LIZHI's audio products into Xinghe Zhilian's in-car communications and entertainment network.

* The arrangement will apply LIZHI's audio products to more in-car scenarios and boost LIZHI's audio technology application in vehicles through Xinghe Zhilian's IoV network, Lizhi CEO Jinnan (Marco) Lai said.

* It may also accelerate LIZHI's foray into the field of in-car audio and bring LIZHI's extensive podcast content and immersive audio experiences to a broader range of users.

* Price action: LIZI shares traded higher by 13.5% at $6.30 in the premarket session on the last check Friday.