Nio surges over 9% after unveiling of new ES8 SUV model
Prices of the Chinese EV maker’s latest flagship vehicle start from 308,800 yuan with a battery subscription plan
[SINGAPORE] Shares of electric vehicle (EV) manufacturer Nio rose by more than 9 per cent in early trade on Friday (Aug 22) on the back of its unveiling of a new ES8 sport utility vehicle (SUV).
The counter jumped 7.2 per cent to US$5.63 at 9.03 am, before easing to US$5.60. By 9.31 am, it had climbed to US$5.71; it then rose to US$5.77 a minute later, up 9.9 per cent on the day.
The Chinese EV maker on Thursday unveiled its All-New ES8 and opened the new flagship model for pre-orders. Six- and seven-seater variants of its “executive premium edition” are priced from 416,800 yuan (S$74,825), or from 308,800 yuan with a battery-as-a-service subscription plan from Nio.
Nio said the new model will be powered by its latest 900-volt full-domain high-voltage architecture and a standard 102 kilowatt-hour (kWh) battery. Its dual motors generate 520 kW of power and 700 Newton-metres of peak torque, requiring 3.97 seconds to accelerate from a standstill to 100 km per hour.
The first generation of the ES8 was unveiled in December 2017, with production beginning in 2018.
The All-New ES8 will be launched in late September 2025, the company said, adding that user deliveries will begin upon its launch.
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