HK Stock Market Move | NIO-SW(09866) increased by more than 10%. NIO ES9 officially launched. The company's overall product portfolio is expected to be significantly optimized.

NIO-SW (09866) rose more than 10%, as of the time of writing, it rose 10.26% to HK$46, with a turnover of HK$48.08 million. On the news front, on May 27, the NIO ES9 officially launched. In terms of pricing, the Executive Luxury Edition starts at RMB 498,000 for the whole vehicle purchase, and RMB 390,000 for the BaaS battery rental purchase; the Executive Signature Edition starts at RMB 558,000 for the whole vehicle purchase, and RMB 450,000 for the BaaS battery rental purchase; the Horizon Special Edition starts at RMB 628,000 for the whole vehicle purchase, and RMB 520,000 for the BaaS battery rental purchase. In terms of delivery, the Middle Island Layout version will begin delivery on May 28, while the Channel Layout version will begin delivery in mid-July. Guosheng recently pointed out that the ES9 completed its product technical release on April 9, opened test drives on May 11, and had excellent order performance, which also drove improvement in ES8 orders. The ES9 will be on the market for delivery on May 27, and the company is confident that the ES9 will lead the market for luxury SUVs priced above RMB 500,000. In the future, the company will also launch the new L60 in Q2 and the five-seat version of the new ES8 in Q3. In terms of profitability, the bank believes that the company's strong performance in the 8 and 9 series models this year will significantly optimize the overall product portfolio.