During Friday’s premarket session, Lizhi Inc. (LIZI) shares grew 20.18% to $6.67. Lizhi stock ended last session at $5.55 after gaining 5.31%. There were 0.56 million shares traded for LIZI stock, below the average daily trading volume of 3.65 million shares over the last 50 days.

In the last five days, LIZI shares have declined -4.80%; however, in the last month, they have lost -11.20%. The stock price of LIZI has gained 43.04 percent so far this year despite falling by -18.38% over the past three months.  Since the announcement that Lizi has partnered with an automotive technology company, Lizi stock has been surging.

Who has LIZI partnered with?

With Lizhi’s global presence, they have built an audio ecosystem composed of audio-centric social networks, podcast profiles, and audio community sites. The LIZI product portfolio aims to foster closer connections between people through sharing their voices. As users’ interest in social interactions in real time online grows, Lizhi provides an audio-based social networking product offering, including the TIYA App. Through LIZI’s app, users can also chat, share stories, connect with friends who have similar interests, and connect with friends online. Since January 2020, LIZI has been listed on Nasdaq.

A partnership between Lizhi and Xinghe Zhilian Automotive Technology Co., Ltd. (“Xinghe Zhilian”) will see LIZI audio products integrated into Xinghe Zhilian’s in-car communication and entertainment network, LIZI announced in a press release today.

• LIZI hopes to expand the application of its audio products to vehicle scenarios by collaborating with Xinghe Zhilian.
• Through the joint partnership, LIZI’s audio technology will be further applied to vehicles through Xinghe Zhilian and its network of connected vehicles.
• The partnership may also enable LIZI to make inroads into the field of in-car audio and reach a broader audience with its extensive podcast content and immersive audio experiences.

LIZI’s previous similar move:

Currently, Lizhi Inc. and Li Auto Inc. are working together on integrating Lizhi Podcast (also known as Lizhi Boke in China) into Li Auto’s vehicles. This year’s third quarter will see LIZI Podcast available in vehicles powered by Li Auto. Embedding LIZI’s vertical podcast in Li Auto vehicles will result in Lizhi Podcast being embedded in Li Auto vehicles.

Lizhi Podcast offers access to LIZI’s existing extensive library of audio content, as well as a variety of original podcast content from industry thought leaders. In addition to gaining new audiences for its quality content, Lizhi Podcasts will continue to improve car audio experience by combining Li Auto’s technology expertise with Lizhi Podcasts.