What's Powering Nio Stock Higher?
1. NIO's stock surged over 14% following the launch of a new SUV. 2. The new ES8 SUV is priced 25% lower with a battery subscription model. 3. NIO aims to expand internationally with new models targeting compact car segments. 4. Despite recent gains, NIO trades at a low valuation compared to competitors. 5. Intense price competition in the EV market continues to raise concerns.