Bocom International: NIO L90 aggressively priced, expected to see stable monthly sales exceeding 5,000 units

2025-08-04 10:43:59

Bocom International issued a report stating that NIO (09866.HK)'s Ledao L90 is aggressively priced, with a starting price of 265,800 RMB. Even the top-of-the-line Ultra version does not exceed 300,000 RMB. Based on its pricing strategy and channel feedback, the bank expects the group's monthly stable sales to exceed the market expectation of 5,000 units. The bank also believes that NIO's marginal improvements and cost reductions will be the market's focus. Although the stock price has rebounded 50% from its lows, the group's 2025 price-to-sales ratio is only 0.85 times, indicating that marginal improvements may lead to a sustained rebound in the stock price. The bank maintains a "Buy" rating.

Nio

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Novo Nordisk (NVO.N): The downward revision of its fiscal year sales forecast is related to declining sales of its weight loss drug Wegovy in the United States.
                            2025-07-29

                                    Toyota Motor Corp. is expected to decide as early as Wednesday evening whether to resume operations at its Japanese factories.
                            2025-07-30

                                    CATL's losses widened in the afternoon, with A shares falling more than 4% to below 280 yuan and H shares falling more than 7%.
                            2025-07-30

                                    BYD: Sales of new energy vehicles in July were 344,296 units. The cumulative sales of new energy vehicles from January to July were 2,490,250 units, a year-on-year increase of 27.35%.
                            2025-08-01

                                    Amazon (AMZN.O) shares plummeted 7.1 percent, wiping out $178 billion in market value.
                            2025-08-01