NIO Shares Soar on Revamped ES8 SUV Launch
NIO shares surged in New York and Hong Kong following the launch of the revamped ES8 SUV. The third-generation model, unveiled at NIO Day 2025, comes with a significant price cut and improved performance. The new ES8, priced at RMB 416,800 ($58,227), is 16% cheaper than its predecessor. Despite the aggressive pricing, NIO CEO William Li Bin believes there's still room for margin improvement. The latest model offers a driving range of 635 kilometers (395 miles) and accelerates from 0-100 km/h in under four seconds. The previous ES8 was priced between RMB 498,000 and RMB 598,000, with an entry-level range of 465 kilometers. The new ES8's improved range and performance were showcased at NIO Day 2025 in Hangzhou, celebrating a decade of the company's technological advancements. NIO's shares soared on the news, with a 14.4% increase in New York and over 14% in Hong Kong. The third-generation ES8's competitive pricing and enhanced features are expected to boost the company's sales and market position.
