Nio Stock Rises Over 4% Amid New SUV Launch and Supplier Payment Pledge

Chinese electric vehicle Maker Nio saw its shares climb more than 4% as the company prepares to begin deliveries of its all-new ES8 SUV this weekend. The three-row model, positioned as a direct competitor to Tesla's Model Y in China, has generated significant market interest with its spacious design and competitive pricing.

Investors view the launch as a critical MOVE for Nio, which has faced intense price competition this year. A successful ES8 debut could strengthen the company's position in the premium SUV segment and alleviate recent margin pressures.

The stock also benefited from a broader industry pledge by Chinese automakers to improve supplier payment terms. Nio and its peers committed to settling invoices within 60 days, addressing longstanding concerns about supply chain liquidity in the sector.