NIO-SW Shares Surge Over 7% Ahead of L80 Launch and Strong April ES8 Sales

Stock News05-14 09:43

NIO-SW (09866) shares rose more than 7%. As of the time of writing, the stock was up 7.2% to HK$51.8, with a turnover of HK$30.4041 million.

On the news front, the company's smart dual-cabin flagship five-seater SUV, the L80, opened for pre-sale on April 28. The vehicle purchase price starts from RMB 245,800, while the purchase price using the BaaS battery rental model starts from RMB 159,800. It is scheduled for official launch on May 15.

Furthermore, NIO recently disclosed that retail sales of the new ES8 reached 13,020 units in April. The model has now secured the top sales position for large SUVs and vehicles priced above RMB 400,000 (regardless of powertrain) for five consecutive months, further solidifying its leading position in the high-end pure-electric SUV market.

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