NIO Looks to June and ES9 Launch, But EV Slowdown Weighs
NIO’s U.S.-traded shares jumped 7.7% last week to $5.60 after launching the ES9 SUV, but CEO William Li warned China’s auto market is now saturated. First-quarter deliveries nearly doubled year-over-year but fell 33% from Q4; vehicle margin rose to 18.8%. NIO expects Q2 deliveries of 110,000–115,000 vehicles. Hong Kong shares surged 10.5% post-launch. Investors eye May sales as competition and pricing pressure remain high.