The Zhitong Finance App learned that NIO - SW (09866) rose nearly 7% in early trading. As of press release, it had risen 5.13% to HK$39.32, with a turnover of HK$709.23 million.

According to the news, on July 10, the first batch of NIO ES8 five-seat editions began simultaneous delivery in more than 10 cities across the country. Li Bin, founder, chairman, and CEO of NIO, said that the launch of the ES8 five-seater version will push the ES8 to accelerate the entry of five-seat SUVs into the pure electric era, just as ES8 pushes high-end three-row SUVs into the pure electric era. According to reports, the NIO ES8 took 275 days to deliver 120,000 units, and has been ranked number one in the large SUV and 400,000-class model market sales for six consecutive months.

BOC International previously stated that in the short term, the implementation of the guidelines for the second quarter will focus on delivery climbing in June and the conversion of ES9 and L80 orders; in the medium term, the market will pay more attention to the proportion of high-margin models, whether the gross margin target of 17% to 18% of vehicles can be maintained under cost pressure, and the continuity of non-GAAP operating profits. If the ES9, ES8 five-seat editions and the Ledao L80 continue to be realized, the key to the company's valuation restructuring will shift to operating profit continuity and cash flow visibility. Maintain a buy rating.

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