BatteryTech @BatteryTech: "Nio shares pop after releasing..."

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Nio shares pop after releasing one of its most affordable SUVs yet 🚘 👉 Shares of Chinese electric carmaker $9866.HK (NIO Inc Class A) surged after the company unveiled one of its most affordable vehicles yet, underscoring the fierce price war in the domestic market. 👉 $NIO (Nio Inc.-ADR) ’s U.S.-listed shares rallied, climbing 9.27% to close at $5.54 on Thursday. In Hong Kong, shares rose as much as 10% in Friday morning trading. 👉 The company late Thursday unveiled its latest ES8 SUV, aggressively priced at 308,800 yuan ($43,000) under a battery subscription plan. The program lowers upfront costs while allowing customers to swap or upgrade batteries through a monthly fee. Deliveries are set to begin in late September. 👉 “The new generation ES8 is priced at very competitive levels with some attractive features, “Vincent Sun, a Senior Equity Analyst at Morningstar, told CNBC. 👉 “We believe that the stock surge is due to the market factoring in strong new orders for the model (together with Onvo L90 launched earlier).” 👉 Nio has historically targeted the high-end market, but has struggled as other companies rolled out vehicles that offer similar features at lower prices. To broaden its reach, the Tencent-backed carmaker has launched two cheaper brands: Onvo, aimed at the mass market, and Firefly, targeting young urban buyers. 👉The ES8′s pricing makes it one of the most aggressively priced premium SUVs, which typically cost between 338,000 yuan and 768,000 yuan. 👉 However, Nio’s ET5T sedan holds the title for being the most budget-friendly Nio model, starting at 298,000 yuan. 👉 This rollout of the ES8 comes as China’s electric vehicle sector faces mounting pressure. Nio and its EV peers Li Auto and BYD saw a dip in their car deliveries with 21,017 units in July, from 24,925 units in June, while competitors such as Xpeng, Xiaomi, Leapmotor, and Aito reported growth. 👉 Intense competition at home, higher tariffs on exports and regulatory pressure in markets such as the EU have pushed Chinese EV makers, including Nio, to accelerate their global expansion plans. 👉 Nio announced Monday that it would expand into three new markets between 2025 and 2026, including Singapore — its first entry into Southeast Asia — where it will debut its first right-hand drive model under the Firefly brand. Read more ❓ www.cnbc.com/2025/08/22/nio-shares-pop-after-releasing-one-of-its-most-affordable-suvs-yet.html ✨ $NIO is part of eToro’s @BatteryTech Smart Portfolio. It comprises companies from the whole lifecycle of batteries, a key item essential for humanity to live. It includes stocks from diversified industries, including Mining, Chemicals, Renewable Energy, Utilities, Electric Equipment, and Electric Vehicles manufacturers. @BatteryTech is a new portfolio of eToro's Smart Portfolio series, covering innovative themes and available from a $500 minimum investment. This portfolio also invests in $BE (Bloom Energy Corp) , $RUN (Sunrun Inc.) , $TSLA (Tesla Motors, Inc.) , $NEE (NextEra Energy Inc) , $ENVX (Enovix Corporation) and $GNRC (Generac Holdings Inc) . Your capital is at risk. Past performance is not an indication of future results.