NIO-SW Shares Surge Over 8% as Ledo L80 Pre-sales Launch and Strong Annual Product Cycle

Stock News04-29 09:59

NIO-SW (09866) rose more than 8% in Hong Kong trading. At the time of writing, the stock was up 8.12% to HK$52.2, with a turnover of HK$106 million. On the news front, the company's smart dual-cabin large five-seater flagship SUV, the Ledo L80, began pre-sales on April 28. The vehicle starts at RMB 245,800 for an outright purchase, while the BaaS battery subscription model starts at RMB 159,800. It is scheduled to officially launch on May 15. Zhongtai Securities previously noted that the company will launch multiple new models in 2026, indicating a strong product cycle throughout the year. Given that the Ledo L90 and NIO ES8 are set for release in July 2025 and September 2025 respectively, and will not be sold for the full year, both models are expected to contribute additional sales growth in 2026, supporting a sustained increase in the company’s annual sales for that year.

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