智通财经网·2025-08-04 02:57Group 1 - The core viewpoint of the report is that NIO-SW (09866) is expected to see marginal improvements and cost reduction effects, which will become a market focus [1] - Despite a 50% rebound from its low price, the group's price-to-sales ratio for 2025 is only 0.85 times, indicating potential for continued price rebound [1] - The pricing strategy for NIO's L90 model is aggressive, with a starting price of 265,800 RMB, and even the top-spec Ultra version does not exceed 300,000 RMB [1] Group 2 - The report anticipates that the group will achieve stable monthly sales exceeding the market expectation of 5,000 units [1] - The success of the L90 model is seen as paving the way for the upcoming L80 model, which will help NIO reverse its sales trend [1]