NIO Inc.'s share listed on the New York stock exchange jumped a little over 4% in the premarket hours on Monday after the company revealed that pricing of its new models, including ES6 and ES8 sport utility vehicles, will be reduced by 30,000 yuan (~$4,200) starting immediately.

In addition, Chinese carmaker said it will stop offering "battery swapping services" to customers who place deposits on June 12. "The adjustments had been discussed internally for quite a while and we took advice and suggestions from some users," Chief Executive William Li said. The company unveiled its financial report for the opening quarter of fiscal 2023 last week.

The Shanghai-based carmaker's stock increased 4.40% at 5:55 am ET.