NIO launched its flagship ES9 SUV and commenced deliveries on May 28. The vehicle features a starting price of 498,000 yuan. This pricing sits below earlier pre-sale estimates.
NIO shares climbed over 8% in Hong Kong. U.S. shares rose 9% in the preceding session. The company reported more than 50,000 pre-orders for the ES9.
Sub-brand Onvo announced an upgraded, AI-focused version of the L60 SUV. The model will feature NIO’s internally developed chips. It will also include proprietary LiDAR technology.