Core Insights - NIO's stock opened nearly 10% higher on August 22, surpassing $6, indicating positive market sentiment towards the company [1] - CEO Li Bin stated that 2025 will mark a turning point where the benefits of pure electric technology will outweigh the inconveniences of charging, driven by the increasing availability of pure electric large three-row SUVs [1] - The market data shows that the sales growth of pure electric large three-row SUVs is significantly outpacing that of extended-range, plug-in hybrid, and fuel vehicles, signaling the arrival of the pure electric era for this segment [1] Product Launch and Pricing - NIO's new ES8 was launched with a pre-sale starting at 416,800 yuan for the administrative luxury version, with a battery-as-a-service (BaaS) option starting at 308,800 yuan [1] - The administrative signature version of the new ES8 has a pre-sale price starting at 456,800 yuan, with the BaaS option starting at 348,800 yuan [1] - Co-founder and President Qin Lihong revealed that the pre-order volume for the new ES8 has surpassed that of the Le Dao L90 [1]