On August 22, NIO Inc. Hong Kong stock opened with a surge of nearly 10%, quickly stabilizing above the HK$45 level. NIO Inc. founder, chairman, and CEO Li Bin stated at today's media briefing that 2025 represents a tipping point where users will gain more experience benefits from pure electric technology than the experience losses caused by charging inconvenience. The hallmark of this tipping point is the recent entry of increasingly more pure electric large three-row SUVs into the market, with sales beginning to surge at growth rates far exceeding those of extended-range, plug-in hybrid, and gasoline-powered large three-row vehicles. User choices and market data have already demonstrated that the pure electric era for large three-row SUVs is arriving, with battery-swappable pure electric large three-row SUVs being the ultimate choice. Yesterday, NIO Inc. announced the pre-sale of its all-scenario technology flagship SUV, the all-new ES8: the Executive Luxury six-seat/seven-seat version has a pre-sale price starting at 416,800 yuan, or 308,800 yuan when purchased with the BaaS battery rental service; the Executive Signature version has a pre-sale price starting at 456,800 yuan, or 348,800 yuan with BaaS battery rental service. The all-new ES8 will officially launch and begin deliveries in late September.