NIO-SW (09866) rose over 10%, gaining 10.26% to HK$46 at the time of writing, with a turnover of HK$48.08 million. On May 27, the NIO ES9 officially launched. Pricing for the Executive Luxury Edition starts at 498,000 yuan for outright purchase or 390,000 yuan with the BaaS battery subscription. The Executive Signature Edition starts at 558,000 yuan outright or 450,000 yuan with BaaS, while the Horizon Special Edition starts at 628,000 yuan outright or 520,000 yuan with BaaS. Deliveries for the central console layout version begin on May 28, with the aisle layout version starting deliveries in mid-July. Guosheng Securities recently noted that the ES9 completed its technical product launch on April 9, began test drives on May 11 with strong order performance, and also contributed to a sequential improvement in ES8 orders. The firm is confident the ES9 will lead the premium tech executive SUV market priced above 500,000 yuan. Looking ahead, the company plans to launch the new Onvo L60 in Q2 and a new five-seat version of the ES8 in Q3. Regarding profitability, the bank believes the company's robust performance in its 8 and 9 series models this year will significantly optimize its overall product portfolio.