Nio shares surge over 14%, extending gains for seventh session
New York, NY – September 12: Logos for the Chinese electric car company NIO are displayed on a trade pole on the floor of the opening bell of the New York Stock Exchange (NYSE) on September 12, 2018 in New York. Shanghai -based electric car company was opened for $ 6 per share. (Photo: Drew angerer/Getty Images)
Drew angerer | Getty Images News | Getty Images
The shares of the Chinese electric car manufacturer Nio on the Hong Kong list increased up to 14.84% on Monday and increased its earnings for the seventh session.
Comes after the rally company Last introduced ES8 SUV The model is priced under the battery subscription plan of 308,800 Yuan ($ 43,000), making it one of Nio’s most affordable cars.
Compared, Nio’s premium SUVs are typically between 338,000 Yuan and 768,000 Yuan.
Nio’s subscription plan allows customers to replace or raise batteries for a monthly fee, while reduces pre -costs. Deliveries will begin in late September.
The car manufacturer’s shares listed in the United States increased by 9.27% to close $ 5,54 on Thursday after the announcement of the new vehicle, and 14.44% ended $ 6.34 on Friday. Meanwhile, Hong Kong has reduced the shares of the trading session to 11.12% higher.
Nio shares rise after publishing one of the cheapest houses so far.
Nio’s ES8’s release of ES8 comes in the midst of China’s pressure in the electric vehicle sector.
The company -backed company has historically targeted the senior market, but that Now, faced intense competition from other companies, uses vehicles with similar features at lower price points.
Nio recently launched two cheaper brands – Onvo and Firefly, aiming for the mass market– To capture a wider range of customers, addressing young urban buyers.
– Victoria Yeo and Evelyn Cheng from CNBC contributed to this report
