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According to this old article they are much more than simple consultants: https://www.theverge.com/2021/2/24/22298802/nothing-teenage-...

"Pei says that Teenage Engineering is one of Nothing’s founding partners, and will drive the design aesthetic at his new company."

Up until now I had no idea TE had anything to do with Nothing phones.

I like their mini synths. Never knew that they are involved with phones or anything beyond small synths tbh.

They've designed a bunch of stuff for IKEA and other brands: https://teenage.engineering/designs

They have an extremely expensive field table to put your extremely expensive TE devices on.

They're part of the venture and some of their design team seems to have moved over to lead design there.