In this article

9866-HK

Follow your favorite stocks CREATE FREE ACCOUNT

The Hong Kong-listed shares of Chinese electric carmaker Nio surged as much as 14.84% Monday, extending its gains for the seventh consecutive session.

The rally comes after the company unveiled its latest ES8 SUV on Aug. 21. The model is priced at 308,800 yuan ($43,000) under a battery subscription plan, making it one of Nio's most affordable automobiles.

By comparison, Nio's premium SUVs typically cost between 338,000 yuan and 768,000 yuan.

Nio's subscription plan lowers upfront costs while allowing customers to swap or upgrade batteries through a monthly fee. Deliveries are set to begin in late September.

The U.S.-listed shares of the carmaker climbed 9.27% to close at $5.54 on Thursday, following the anno

See Full Page