HK Stock Market Move | NIO-SW(09866) rose more than 3% against the trend. The company's new car cycle is strong and they have confidence in meeting this year's delivery targets.

NIO-SW(09866) reversed its rise by more than 3%, as of the time of writing, it is up 3.42%, trading at HK$54.5 with a turnover of HK$130 million. On the news front, on April 9, NIO's first flagship SUV, the NIO ES9, was officially unveiled and began global pre-sales. The car is positioned as an intelligent electric executive flagship SUV, with a starting pre-sale price of RMB 528,000. Chairman Li Bin had previously stated that the NIO ES will have a significant positive impact on operating profit starting in the second quarter, becoming the highest-margin SUV model in the NIO SUV lineup. It is worth mentioning that, according to the company's plan, Nio will release the LeDo L80 and the new version L90 intensively in the second quarter, and in the second half of the year, NIO brand will launch a large five-seat version of the ES8. This year, Nio's goal is to maintain a 40%-50% growth rate for the whole year. The delivery situation disclosed by the company earlier shows that in the first quarter of this year, Nio delivered 83,500 cars, a year-on-year increase of 98.3%, almost doubling. Li Bin said that he is confident in achieving the established delivery target, "The whole company is not as hectic compared to last year, this year is more relaxed overall, we will launch a few new cars in the second quarter, and then sell the cars steadily."