Nio (HKG:9866, SGX:NIO) launched its flagship ES9 executive electric SUV in China, according to a Wednesday press release.
Hong Kong-listed shares of the carmaker jumped nearly 7% in Thursday afternoon trade.
The ES9 is priced from 498,000 yuan, or from 390,000 yuan under Nio's battery-as-a-service subscription plan, the press release showed.
Separately, Nio said it plans to add more than 1,000 battery-swap stations this year and to start large-scale deployment of its fifth-generation swap stations in the third quarter.
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