NIO Inc. has launched the all-new ES8, a three-row SUV available for pre-orders in China. The model comes in two trims, with prices starting at RMB 416,800. The ES8 features NIO’s latest technologies, including a 102 kWh battery, dual motors, and a range of up to 635 km. NIO expects monthly deliveries to reach 25,000 units in the fourth quarter.

Tesla introduces the Model Y L in China, a six-seat version of its SUV, starting at RMB 339,000. Li Auto launches the Li i8, a six-seat family SUV with three trims priced between RMB 321,800 and RMB 369,800. NIO’s shares have outperformed the industry year to date but appear overvalued with a forward P/S ratio of 0.71.

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For more detailed analysis and free stock analysis reports on Tesla, NIO, and Li Auto, visit Zacks Investment Research. The author’s views and opinions expressed in this article do not necessarily reflect those of Nasdaq, Inc.

Read more at Nasdaq: Is the All-New ES8 Well-Positioned to Boost NIO’s Q4 Sales?