New York, New York – September 12: NIO logos for Chinese electric cars are displayed in a commercial publication on the opening bell floor on the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai Electric Car Company has opened its headquarters to trade at $ 6 per share. (Drew Angeler/Getty Images)
Angeler Druze Getty Images News | Gety pictures
The shares of the Chinese Electric Electric Industry in the NIO industry increased by 14.84 % on Monday, praising their gains in the seventh consecutive session.
The march comes after the company The latest ES8 SUVs unveiled On August 21. The price of the model is 308,800 yuan ($ 43,000) under the battery subscription plan, making it one of the most cars in NIO.
In comparison, the excellent SUVs of NIO cost between 338,000 yuan and 768,000 yuan.
The participation plan in NIO reduces pre -costs, while allowing customers to switch or upgrade batteries through monthly fees. Delivers are scheduled to start in late September.
The shares of the US maker listed in the United States increased by 9.27 % to close at $ 5.54 on Thursday, after announcing its new car, and mobilizing 14.44 % on Friday to end today at $ 6.34. Meanwhile, her shares in Hong Kong ended the trading session on Friday 11.12 % higher.
NIO participates after one of the cheapest EVS ever
The NIO display of ES8 comes amid the escalating pressure in the electric vehicle sector in China.
The historically -supported Tincent targeted the high -end market, but is now facing intense competition from other companies that offer vehicles with similar features at low price points.
NIO recently launched two cheaper brands – ONVO, which targets the comprehensive market, and Firefly, which meets the needs of young urban buyers – to capture a wide range of customers.
– Victoria Yiu and Evelyn Cheng of CNBC contributed to this report
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