$NIO Inc.(NIO)$ Li confirmed that new ES9 orders in August were up compared with July. Three-quarters of ES9 buyers are new to NIO, meaning they come from outside the NIO ecosystem. Li also said the ES9 Horizon and Signature versions currently have a waiting period of roughly 3 to nearly 4 months, while NIO's own configurator was showing 13–14 weeks. Maybe the more important part is that customers are going for the pricier versions, especially ones with SkyRide/Tianxing active suspension. NIO also stated that the ES8 and ES9 have vehicle gross margins above 20%, versus 18.5% for the company overall. So basically, stronger demand, meaningful new-customer acquisition, a richer premium mix, and margins above the company average.
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