BUZZ-NIO Hong Kong shares jump on launch of new SUV model L90

Reuters
08-01
BUZZ-<a href="https://laohu8.com/S/NIO">NIO</a> <a href="https://laohu8.com/S/HKRHF">Hong Kong</a> shares jump on launch of new SUV model L90

** Hong Kong shares of NIO Inc 9866.HK jump 10.1% to HK$38.3, set for biggest one-day pct gain since July 14

** On track to snap three straight sessions of fall

** Top pct gainer on Hang Seng Tech Index .HSTECH and Hang Seng Automobile Index .HSAMI, which gain 0.6% and 0.3%, respectively

** U.S.-listed stock NIO.N rose nearly 8% on Thursday

** NIO launches Onvo L90 SUV at prices starting from 265,800 yuan ($36,868.53)

** Price could come down to 179,800 yuan, if customers choose to purchase on battery rental basis

** Hong Kong shares of rivals Li Auto 2015.HK fall 2.5%, BYD Co 1211.HK eases 0.1%

** YTD, NIO Hong Kong-listed stock up 7.6%, U.S. shares up 11.7%

($1 = 7.2094 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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