NIO Shares Climb as ES9 Launch Draws Focus to China EVs Again
NIO shares rose 6.28% in Hong Kong to HK$44.34 after launching its ES9 luxury SUV, while its U.S.-listed ADR jumped 9.32% to $5.75 on heavy volume. The ES9 starts at 498,000 yuan, with a battery-rental option at 390,000 yuan. CEO William Li said China remains the main market. First-quarter deliveries nearly doubled year-on-year to 83,465 vehicles.