HK Stock Market Move | NIO-SW(09866) rises by over 5%, new ES8 set to launch soon, institutions optimistic about the company's prospects for reducing costs and increasing efficiency.

NIO-SW(09866) rose more than 5%, rising to 5.7% at the time of publication, reaching 59.35 Hong Kong dollars with a trading volume of 2.26 billion Hong Kong dollars. On the news front, on September 20th, NIO Day 2025 will officially be held, and the new ES8 will be launched. Previously on July 31st, the NIO pure electric large SUV, Le Dao L90, was officially launched, with a starting price of 265,800 yuan for the whole vehicle purchase, and a starting price of 179,800 yuan for purchasing with a battery rental plan. In the first month of the Le Dao L90's launch, 10,575 units were delivered, making it the fastest-selling model in NIO's history. EB SECURITIES pointed out that the Le Dao L90 exceeded expectations on the first day of its launch, and the orders for the new ES8 have already exceeded those of the Le Dao L90 during the same period. They have high hopes for the 2025 NIO's three major brands launching a new product cycle, their intelligent and battery-swapping advantages, as well as the prospects for reducing costs and increasing efficiency. Furthermore, on September 17th, NIO announced the successful completion of a $1.16 billion financing. This financing was conducted through the public issuance of new shares, with the funds raised mainly used for the research and development of core technologies for intelligent electric vehicles, the development of new generation technology platforms and models, the expansion of charging and battery swapping infrastructure, and further optimization of the company's balance sheet to strengthen its financial strength and provide solid support for NIO's long-term strategic development.