Zhi Tong Cai Jing·2025-08-01 09:25Group 1 - The report from CMB International maintains a "Buy" rating for NIO-SW (09866), indicating a potential short-term rebound in stock price due to marginal improvements, particularly in sales recovery [1] - Despite a 50% rebound from lower levels, NIO's price-to-sales ratio for 2025 is only 0.85 times, which is still lower than the 1-2 times valuation of its peers in the new energy vehicle sector, suggesting further upside potential for the stock [1] Group 2 - The launch of the Lido L90 model has a starting price of 265,800 RMB for the Pro version, with the Max and Ultra versions priced at 279,800 RMB and 299,800 RMB respectively; the seven-seat model starts at 271,800 RMB [2] - The official pricing is approximately 14,100 RMB lower than the pre-sale price announced on July 10, indicating a strategic pricing adjustment [2] - The L90 model includes high-end features such as an 85kWh battery, L2-level intelligent driving assistance system, and Orin-X chip, with promotional offers to encourage purchases [2] - The management's pricing strategy reflects a strong commitment to achieving sales targets, with expectations of monthly sales exceeding the market forecast of 5,000 units [2] - The success of the L90 model is anticipated to pave the way for the upcoming L80 model, contributing to a turnaround in NIO's sales performance [2]