Nio Puts on a Show With ES8, ET9 Launch
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Nio launched its third-generation ES8 SUV and ET9 Horizon Edition sedan at a high-profile event in Hangzhou. The ES8 features up to 697 horsepower and a fast-charging system, starting at RMB 406,800. Nio also appointed Karen Mok as Chief Experience Officer to enhance its lifestyle branding. The company celebrated its 3,500th battery swap station, with over 82 million swaps completed. CEO William Li highlighted 2025 as a pivotal year for BEVs. Analysts from Morgan Stanley and Bank of America commented positively on the launch, with the latter raising its price target to $7.60.
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