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2025-08-01 13:35:45
NIO's Hong Kong Stock Soars 9%, New Model's Low Pricing Boosts Market Confidence 1. Chinese electric vehicle manufacturer NIO (9866.HK) surged 10% to HK$38.3 on Friday, significantly outperforming the broader market. The company announced a price tag of 265,800 RMB for its new Onvo L90 seven-seat all-electric SUV, significantly outperforming the competition, the Ideal i8. Citi analysts noted that the model, thanks to pre-order discounts and a low entry price, significantly outperforms its competitors in terms of price-performance and features. 2. Despite the positive market response to the new model, analysts remain cautious about NIO's prospects. CCB International noted that the L90 alone is unlikely to achieve a turnaround in profitability. Data shows that NIO's net loss widened to 6.89 billion RMB in the first quarter, primarily due to rising operating costs. In contrast, peer Xpeng has achieved both sales and profit growth thanks to its Mona M03 model, and the market expects it to return to profitability this year. 3. As one of China's three emerging automakers, NIO's stock price performance has significantly lagged behind Ideal and Xpeng so far this year. While the new model pricing strategy has boosted the stock price in the short term, the company still needs to prove its sustainable profitability to truly win back investor favor.
