HK Stock Market Move | NIO-SW(09866) rose more than 6% in the morning session, the company is strengthening supply chain management. ET9 will begin test drives and deliveries in late March.

In the early trading session, NIO-SW (09866) surged more than 6%, reaching a 6.2% increase to HK$36.8 as of the time of publication, with a trading volume of HK$80.17 million. On the news front, according to Securities Times, recently, NIO's chairman, Li Bin, has significantly strengthened his involvement in supply chain management. He is deeply involved in many supply chain procurement projects, scrutinizing costs at key project milestones and directly participating in price negotiations for core components including batteries. After product delivery, based on weekly sales changes, he regularly analyzes the procurement cost reduction trends and target achievements with the supply chain team to decide on the next steps. In addition, NIO recently announced that its intelligent electric executive flagship, the NIO ET9, has officially completed the third round of winter testing and acceptance, entering the final preparation stage before delivery, and will start user test drives and deliveries in late March. Furthermore, in February 2025, NIO continues to accelerate the layout of its charging and swapping network, adding 35 new swapping stations and expanding coverage to 18 county-level administrative units.