On June 29, NIO-SW rose 3.29% in regular trading, trading at 38.34 HKD/share, with turnover of 19.6251 million HKD. The broader automobile sector also strengthened, with peers including XPENG up 5.0% and LEAPMOTOR up 2.21%.
On the news front, NIO announced that its ES9 completed 10,000 deliveries on June 26, just 30 days after its first delivery on May 28, setting a new record for the fastest premium BEV model priced above 500,000 RMB to reach this milestone in China. Meanwhile, the ES8 Big Five-Seat edition opens for pre-orders and will officially launch on July 9, sustaining product cycle momentum. Additionally, NIO Energy signed a strategic cooperation agreement with Zhongan Energy to jointly build 500 swap stations nationwide within one year, and the company's 9,000th charging and swapping station went online on June 23.
The stock had previously declined approximately 3.88% on June 26 amid industry headwinds after founder Li Bin warned of a 15%-20% annual market decline. The current rebound likely reflects market repricing of better-than-expected delivery performance against that cautious backdrop.
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