BOC International released a research report on NIO Auto saying that the company's sub-brand L90 has begun pre-sale of the new Ledao model. The pre-sale price of only 190,900 exceeded expectations, making it extremely competitive among models in the same class. The release of this model indicates that the future market focus may be on marginal improvements, especially the sustainability of the recovery in sales, and whether the cost reduction effect can meet market expectations. Currently, NIO's market sales rate in 2025 is about 0.6 times, and there is limited room for decline. Marginal improvement in stock prices has ushered in a short-term rebound and maintained a buying rating.

BOC International released a research report on NIO Auto saying that the company's sub-brand L90 has begun pre-sale of the new Ledao model. The pre-sale price of only 190,900 exceeded expectations, making it extremely competitive among models in the same class. The release of this model indicates that the future market focus may be on marginal improvements, especially the sustainability of the recovery in sales, and whether the cost reduction effect can meet market expectations. Currently, NIO's market sales rate in 2025 is about 0.6 times, and there is limited room for decline. Marginal improvement in stock prices has ushered in a short-term rebound and maintained a buying rating.