Flying Pegasus Soars 12% as CEO Buys More, NIO Releases New Car Stock Surges 9%

China Tech News, August 22nd. At the close of US stocks on August 21st, Flying Pegasus' stock price skyrocketed nearly 6% during the pre-market hours and ultimately closed up 11.68%, with a total market value reaching $216.86 billion. Meanwhile, NIO's stock price surged over 11% at one point last night before closing up 9.27%, with a total market value of $124.43 billion.

It is reported that Flying Pegasus' founder, He Xiaopeng, increased his stake in the company through Galaxy Dynasty Limited, a wholly-owned subsidiary, from August 20th to August 21st. This move demonstrates the management's confidence in the company's future prospects.

Additionally, NIO released its new ES8 model last night. In terms of pricing, the pre-sale price for the whole vehicle starts at 41.68 million yuan, a decrease of 8.12 million yuan compared to the previous year; the BaaS (battery rental service) plan's pre-sale price is lower than that of the whole vehicle by 10.8 million yuan, starting at 30.88 million yuan. The competitive pricing has boosted market expectations.