NIO Shares Surge 9.27% on $810M Trading Volume Ranking 79th in Market Activity as New ES8 SUV Launch Drives Momentum

NIO Inc. (NYSE: NIO) surged 9.27% on August 21, with a trading volume of $810 million, marking a 247.2% increase from the previous day and ranking 79th in market activity. The rally followed the company’s launch of new ES8 SUV models, which are set to debut in September with competitive pricing and enhanced features aimed at boosting deliveries.

The new ES8 line includes six- and seven-seat variants, positioning them as the largest battery-powered SUVs in China. Preorders opened concurrently, signaling strong consumer interest. The models are expected to drive sales growth, building on NIO’s 21.5% year-over-year first-quarter sales increase. The company also highlighted cost optimization efforts, including a planned 15% reduction in R&D expenses for Q2 and a broader strategy to streamline operations across its NIO, ONVO, and Firefly brands.

Recent momentum has been fueled by the July 31 launch of the ONVO L90, which achieved over 4,000 units sold in 10 days. NIO’s Hefei manufacturing facility is operating at full capacity to meet demand, with a target of 10,000 L90 units in August. The company’s battery swap network, now spanning 3,408 stations, continues to differentiate its value proposition in the competitive EV market.

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