US Stock Market Move | NIO Inc. Sponsored ADR Class A (NIO.US) rose nearly 6%, the presale of L90 is hot.

On Monday, NIO Inc. Sponsored ADR Class A (NIO.US) rose nearly 6% to $4.65. In terms of news, on July 20th, the founder of NIO Inc. Sponsored ADR Class A, Li Bin, announced that after the second weekend of pre-sales for the NIO L90, the store's popularity continued to soar. NIO Inc. Sponsored ADR Class A has arranged display vehicles at major shopping malls across the country, and plans to deliver L90 test drive vehicles to all stores nationwide next week for consumers to experience. BOCOM INTL Securities stated that the NIO L90 is positioned as a family pure electric large three-row SUV, with high cost-effectiveness, outstanding spatial performance, powerful driving performance, and rich intelligent configuration. Its price is highly competitive among similar models in the same class. With the launch at the end of July and deliveries starting in August, the NIO L90 is expected to become a disruptor in the pure electric large SUV market, offering a new solution for family travel with a balance of technology, space, and price.