Shares of Chinese electric vehicle maker NIO surged on Thursday after the launch of its flagship ES9 sport utility vehicle.
Hong Kong-listed shares rose as much as 10.5% to HK$46.08 by 05:40 GMT. US-listed shares closed 9% higher overnight.
The ES9 is a six-seat luxury electric SUV with prices starting from 498,000 yuan ($73,400) including the battery pack, below earlier pre-sale pricing.
The vehicle measures over 5.3 meters in length and features NIO's proprietary autonomous-driving chips, battery-swapping technology, and a 900-volt charging platform. Deliveries began immediately after the launch event in Beijing.
Investor sentiment was also boosted by signs of improving profitability after NIO reported its second consecutive quarter of adjusted operating profit and forecast stronger vehicle deliveries.
