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Nio Stock Jumps 9% as New ES9 Flagship EV Debuts (NIO:NYSE)

NIO priced the three-row electric SUV RMB 30,000 below pre-sale levels and says deliveries begin May 28.

  • On Thursday, NIO CEO William Li Bin officially launched the ES9 flagship SUV in China, with prices starting at 498,000 yuan, marketed as the country's largest battery electric SUV.
  • Li positioned the ES9 as a 'halo vehicle' to compete in the high-margin executive segment, with aggressive pricing aimed at driving volume in China's fiercely competitive market.
  • The ES9 features a 620 km range and signature 3-minute battery swap; measuring 5,365 mm long, it targets chauffeur-driven executives with a 48-inch display and magnetic tea tray.
  • Shares of NIO surged 9.32% Wednesday following the launch, as the price undercut pre-sale figures by 30,000 yuan, a move analysts at Morgan Stanley expect will serve as a meaningful catalyst.
  • Focused on domestic growth while facing challenges outside China, NIO plans to deploy more than 1,000 new Power Swap Stations this year, supporting Li's strategy to drive second-half 2026 momentum.
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Nio surges 9% after releasing first flagship EV in more than two years

Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.

·Englewood Cliffs, United States
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ELECTRIC VEHICLES broke the news on Wednesday, May 27, 2026.
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