Overview

• Morgan Stanley estimates the new ES8 drew more than 30,000 pre-orders within days of Aug. 21 pre-sales, while cautioning that demand ultimately hinges on conversion from refundable deposits.
• Nio’s Hong Kong shares jumped as much as 14.84% on Monday, marking a seventh straight advance, with U.S.-listed shares also extending gains following the ES8 pre-launch.
• Onvo’s L60 orders rose about 30% in August to a record high, with the brand’s chief saying L60 and L90 production lines are running at full capacity to support deliveries.
• Weekly insurance data show Onvo logged 4,104 registrations in China for Aug. 18–24, including a record 2,540 for the L90, as Nio Group totaled 7,571 units with 2,584 from the core brand.
• ES8 pre-sale pricing starts at 416,800 yuan, or 308,800 yuan under Nio’s Battery-as-a-Service plan that cuts 108,000 yuan from the upfront price, with deliveries slated for late September.