NIO Stock Rises as New ET9 Model Enters Spotlight

Oct 16, 2024

NIO Inc. (NIO, Financial) saw its stock price increase by over 1.4% in pre-market trading, reaching $5.7. The uptick follows news that NIO's latest flagship electric sedan, the ET9, has been featured in the Ministry of Industry and Information Technology's new car application directory.

The ET9 was officially unveiled during NIO Day 2023 and is expected to be available in the first quarter of 2025 with a pre-sale price of 800,000 RMB. The vehicle maintains NIO's distinctive sensor setup, incorporating lidar and a forward-facing camera on the roof, along with added dual-side wide-angle lidar.

The interior of the ET9 will feature an executive four-seat layout, introducing innovative "Sky Island" and "Executive Bridge" designs to create a luxurious first-class seating experience.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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