CnEVPost Newsletter: NIO launches ES7, the event is more important than the vehicle

CnEVPost is reporting on the NIO ES7 launch event in live text stream, with the latest content being featured at the top.

The images make the NIO ES7 significantly more attractive than those shown in previous regulatory filings.

“Looking ahead, we can envision the stock outperforming in the 2H of the year at the very least on a relative basis,” Deutsche Bank analyst Edison Yu’s team said.

NIO opened up 11.61 percent to HK$148, recovering losses from the past two days. The company’s US-traded shares rose 16.7 percent to $18.66 overnight.

The first phase of the site will have an annual capacity of 15 GWh of power cells for BYD’s DMi series.

Hanma’s Shanghai-traded shares rose by the 10 percent daily limit Wednesday, bringing its cumulative gain since the April 27 low to 50 percent.

NIO’s ET7 seems to be continuing to draw Shanghai customers to its stores, while WM Motor, Volkswagen, Toyota, GM, and GAC Aion are seeing fewer visitors in their stores.