Shares of Chinese electric vehicle maker Nio surged by over 10% intraday before settling with gains narrowed to around 7% following comments from CEO William Li emphasizing that the company's survival remains the top priority. The stock rally was further supported by the release of one of Nio's most affordable SUVs to date, attracting investor interest amid intensifying competition in the electric vehicle market. The price movement reflects growing investor confidence in Nio's strategic positioning as it competes with rivals such as Tesla in the expanding EV sector.