Nio shares surge over 14%, extending gains for seventh session

Group 1 - Nio's Hong Kong-listed shares surged by as much as 14.84%, marking the seventh consecutive session of gains [1] - The recent rally is attributed to the unveiling of Nio's latest ES8 SUV, priced at 308,800 yuan ($43,000) under a battery subscription plan, making it one of the company's most affordable models [2] - Nio's premium SUVs typically range from 338,000 yuan to 768,000 yuan, indicating a significant price differentiation with the new model [2] Group 2 - Following the announcement of the new vehicle, Nio's U.S.-listed shares increased by 9.27% to close at $5.54, and further rallied by 14.44% to end at $6.34 [3] - In Hong Kong, Nio's shares ended the trading session 11.12% higher on the same day [3] - Deliveries of the new ES8 SUV are set to begin in late September, which may further impact the company's stock performance [2]