Li Bin: The turning point for pure electric vehicles to replace extended-range vehicles has arrived, and Nio's US stock opened with a strong increase of nearly 10%.

On August 22, NIO's US stock opened nearly 10% higher, quickly breaking through $6. NIO founder, chairman, and CEO Li Bin stated at a media communication meeting today that by 2025, the benefits of pure electric technology for users will outweigh the inconvenience of charging, marking a turning point. The sign of this turning point is the increasing number of pure electric large three-row SUVs entering the market, with sales soaring, far outpacing plug-in hybrids and fuel-powered large three-row SUVs. User choices and market data have shown that the era of pure electric large three-row SUVs is approaching, with swappable batteries being the ultimate choice. People looking to buy a large car must consider the new ES8 and the L90 from NIO. NIO co-founder and president Qin Lihong revealed that pre-orders for the new ES8 exceeded those for the L90. Yesterday, NIO's flagship SUV with full scene technology, the new ES8, was available for pre-sale: the Executive Luxury Edition with six/seven seats has a starting price of 416,800 yuan, with a BaaS battery rental purchasing option starting at 308,800 yuan; the Executive Signature Edition has a starting price of 456,800 yuan, with a BaaS battery rental purchasing option starting at 348,800 yuan.