Nio shares surge over 14%, extending gains for seventh session
1. NIO's shares surged up to 14.84% after launching the ES8 SUV. 2. The ES8 is priced at $43,000 under a battery subscription plan. 3. Deliveries for the new model are expected to start in late September. 4. NIO faces growing competition in the EV sector but targets broader markets. 5. Historically premium, NIO now offers cheaper alternatives through new brands.