HK Stock Market Move | NIO-SW(09866) rises more than 8%, reaching a new high in nearly a year. The all-new ES8 will officially go on sale this Saturday.

NIO-SW (09866) rose more than 8%, reaching a high of 55.45 Hong Kong dollars, the highest since October last year. As of press time, it rose by 8.13%, to 55.2 Hong Kong dollars, with a trading volume of 215 million Hong Kong dollars. On the news front, on September 20th, NIO Day 2025 will officially be held, and the new ES8 will be officially launched. EB SECURITIES believes that the company's multi-brand strategy has entered a period of harvest: the layout of three major brands covers the price range of 15-80 million yuan, the new ES8 and L90 have opened up the pure electric large three-row SUV market with super high cost performance (L90 achieved over 10,000 orders on the first day of listing, and orders for the new ES8 have surpassed L90 during the same period, with both order performances exceeding expectations). The bank is optimistic about the prospects of NIO's three major brands launching a new product cycle in 2025E, the advantages of intelligence/electric swapping, and the realization of cost reduction and efficiency improvement.