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Nio logo is visible in the NIO stand in the National Exhibition Center in Shanghai, China, April 28, 2025, during the Shanghai Automobile show 2025 (photo in Tang/Nurfot via Getty Images)
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Nio’s Chinese Electric Electrical Producers have grown after the company has introduced one of the most affordable vehicles so far, emphasizing the rigid price war in the domestic market.
Nio’s American shares on the US list Created by rising by 9.27%to close Thursday at $ 5.54. In Hong KongThe shares increased by as much as 10% in the morning bidding on Friday.
Company at the end of Thursday submitted your last SUV ES8In terms of the battery subscription at the price of 308 800 yuan ($ 43,000). The program reduces costs by allowing customers to change or update batteries through a monthly fee. Deliveries must begin in late September.
“The new generation ES8 is evaluated at very competitive levels with some attractive features,” said CNBC Vincent Song, senior analyst Morningstar.
“We believe that the stock surge is related to the market factor in new high orders for the model (together with onvo L90, previously launched).”
Nio has historically aimed at the high -end market, but fought when other companies carried out vehicles that offer similar features at lower prices. To expand its reach, a Tence’s car has launched two cheaper brands: Onvo, aimed at the mass market, and Firefly, focusing on young urban buyers.
Nio shares the couples after releasing one of the cheapest EVS if -the it is
Prices for ES8 make it one of the most aggressive premium price, which usually cost from 338,000 yuan and 768,000 yuan.
However nio’s Et5t back It contains the title for the fact that it is the most budget model Nio, starting with 298,000 yuan.
This deployment of ES8 occurs when the Chinese electric car is facing mounting pressure. Nio and his peers EV Li Auto and Byd saw Lower the car delivery In July 21,017 units, out of 24 925 units in June, while competitors such as XPENG, Xiaomi, LEAPMOTOR and AITO, reported growth.
Intensive home competition, higher export tariffs and normative pressure on markets such as EU Global expansion plans.
Nio announced on Monday what would be Expand on three new markets Between 2025 and 2026, including Singapore, the first entrance to Southeast Asia-where debut its first right drive under the Firefly brand.
