Nio surges 9% after releasing first flagship EV in more than two years
Nio has launched its first flagship electric vehicle, the ES9 SUV, in over two years, resulting in a 9% surge in its stock. The ES9 is priced competitively at 390,000 yuan and features advanced technology aimed at enhancing the driving experience. This launch comes amid a highly competitive electric vehicle market in China, where Nio aims to differentiate itself with premium offerings.
- ▪Nio's stock rose 9% following the launch of the ES9 SUV.
- ▪The ES9 is priced at 390,000 yuan, with deliveries starting Thursday.
- ▪Nio's CEO showcased advanced features including driver-assist systems and in-car amenities.
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BEIJING — Chinese electric car company Nio is trying to raise the bar for premium vehicles in a fiercely competitive market. The U.S.-listed stock surged 9% Wednesday, sending shares further into the green for 2026, after Nio officially launched its ES9 SUV with prices as low as 390,000 yuan ($57,470) when paying for battery power on a separate, monthly basis.It reflects the ongoing race to the bottom in China's electric car market, despite Beijing's efforts to curb excessive competition, often called involution.When Nio launched its flagship ET9 sedan in late 2023, prices started at 800,000 yuan.
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