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Nio Stock Surges 80% on Strong Delivery Growth and New ES8 Launch
Nio Stock Surges 80% on Strong Delivery Growth and New ES8 Launch
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BTCCSquare news:
Nio shares have soared approximately 80% since early July, buoyed by a 17.5% year-over-year increase in June deliveries. The Chinese EV maker's momentum accelerated last week with the debut of its redesigned ES8 SUV—a seven-seater starting at $58,000, 25% cheaper than prior models.
The market response was emphatic: a 30% price surge to 2025 highs. Oakoff Investments, a top-tier TipRanks analyst, calls the strategic pivot transformative. 'Nio’s operational shift and competitively priced ES8 unlock China’s fastest-growing auto segment,' the investor noted, highlighting gross margins nearing 7%—a NEAR doubling from last year.
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