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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Nio CEO Says Survival Matters Most As Company Bets On Aggressive Pricing For New ES8

NIO Inc.

Nio Inc. (NYSE:NIO) stock climbed in premarket trading on Friday after unveiling the newest version of its flagship SUV, the ES8, and opening pre-orders for the model.

The third-generation ES8 comes equipped with a 100-kWh battery and carries a presale price tag starting at 416,800 Chinese yuan (about $58,030).

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