Li Bin: The turning point for pure electric vehicles to replace extended-range vehicles has arrived. NIO's US stocks surged nearly 10% at the opening of the market.

On August 22nd, NIO's US stock market opened nearly 10% higher, quickly breaking through $6. NIO's founder, chairman, and CEO, Li Bin, said at today's media communication meeting that by 2025, the experiential benefits brought by pure electric technology to users will be greater than the experiential losses caused by inconvenience of recharging, marking a turning point. The turning point is indicated by the increasing number of pure electric large three-row SUVs entering the market recently, with sales soaring and growth far surpassing hybrid and gasoline large three-row SUVs. User choices and market data have shown that the era of pure electric large three-row SUVs is approaching, and the ultimate choice is swapable battery pure electric large three-row SUVs. Those looking to buy a large car must consider the all-new ES8 and L90. NIO's co-founder and president, Qin Lihong, revealed that the pre-orders for the all-new ES8 exceeded those of the L90. Yesterday, NIO's all-new ES8 flagship SUV, featuring full-scenario technology, was released for pre-sale: the executive luxury version with six/seven seats starts at 416,800 yuan, purchased through the BaaS battery rental method with a pre-sale price starting at 308,800 yuan; the executive signature version starts at 456,800 yuan, purchased through the BaaS battery rental method with a pre-sale price starting at 348,800 yuan.