On Monday, shares of NIO Inc. (NIO.US) rose nearly 5% to $5.32. The increase followed the release of recent industry data showing that the NIO ES8 ranked first in sales among pure electric vehicles priced above 300,000 yuan in January. The model sold more than 17,000 units, making it not only the best-selling large SUV for the month but also the top-selling model across all vehicle types—including both fuel-powered and new energy vehicles—in the over-300,000 yuan price segment.