Overview

• Nio pre-launched the third-generation ES8, setting pre-sale prices at 416,800 yuan with the battery or 308,800 yuan under its battery-as-a-service leasing plan.
• The large six- or seven-seat SUV runs on a 900-volt architecture with dual motors rated at 520 kW, a standard ~102 kWh 4C pack, fast charging and three-minute battery swap capability.
• Display units have reached roughly 300 showrooms across China, with deliveries scheduled for late September and a formal launch planned at Nio Day next month.
• U.S.-listed shares jumped 9.27% to $5.54, touching a ten-month high, after the reveal and a Morgan Stanley price target increase to $6.50 that also modeled lower 2025 operating expenses and narrower losses.
• The ES8 enters a crowded six-seat SUV field that now includes Tesla’s new Model Y L starting at 339,000 yuan and Li Auto’s i8, as investors look to Nio’s Sept. 2 report for delivery and margin updates.