Zhi Tong Cai Jing·2025-08-25 02:37Core Viewpoint - NIO-SW (09866) shares rose over 13%, reaching HKD 51.95 with a trading volume of HKD 501 million following the launch of the new ES8 model [1] Group 1: Product Launch - NIO held a technology launch event for the new ES8 model in Chengdu on August 21, announcing a starting price of RMB 416,800 for outright purchase and RMB 308,800 for battery rental [1] - The new ES8 is scheduled for delivery in late September 2025 [1] Group 2: Market Response - NIO's President, Qin Lihong, indicated that the order volume for the new ES8 has already surpassed that of the recently launched L90 model from the new brand, Ladao, within the same timeframe [1] - The L90 model, priced at RMB 265,800 (or RMB 179,800 under the BaaS scheme), has received a positive market response, with over 7,000 units delivered since its launch on August 1, ranking among the top three in large SUV sales [1] Group 3: Profitability and Competition - NIO's Chairman, Li Bin, stated that the pricing for both the L90 and the new ES8 ensures a certain gross margin while maintaining competitiveness against peers [1]