Core Viewpoint - NIO's sub-brand, Ladao, has officially unveiled its flagship SUV model, Ladao L90, which is set to start pre-sales on July 10, 2025, targeting the family market with innovative designs and outstanding performance [1]. Design and Interior - The interior design of Ladao L90 features a minimalist and tech-savvy atmosphere with straight central control lines and a large floating screen, complemented by crystal material buttons that enhance the premium feel [3]. - The seating configuration prioritizes passenger comfort, with second-row zero-gravity seats that support 8-way electric adjustment and integrated controls on the door panel for convenience. The third-row seats also offer adjustable backrest angles for enhanced comfort [5]. Space and Practicality - Ladao L90 boasts a class-leading wheelbase of 3110mm, providing ample space for passengers. It includes a 240L front trunk and an 830mm wide tailgate opening, allowing for easy accommodation of "6 people and 10 boxes" of travel gear, addressing the common issue of limited trunk space in traditional three-row SUVs [7]. Performance and Battery - Built on NIO's advanced 900V high-voltage platform, Ladao L90 offers strong power output, with a maximum power of 340kW for the single-motor version and 440kW for the all-wheel-drive version. All models come standard with an 85kWh battery, achieving a maximum range of 605km under CLTC conditions, alleviating range anxiety for users [7]. - The vehicle benefits from NIO's extensive network of over 3300 battery swap stations across the country, providing significant advantages for long-distance travel and convenient energy replenishment [7]. Industry Outlook - Industry analysts believe that Ladao L90, with its exceptional interior design, spaciousness, powerful performance, and comprehensive energy replenishment system, is poised to lead the large three-row SUV segment into a true electric era, becoming a benchmark choice for multi-child families seeking electric mobility [9].

Group 1 - Xiaomi's founder, chairman, and CEO Lei Jun announced that the Xiaomi YU7 will officially launch at the end of this month, with sample cars already arriving at stores [1] - The YU7 features a newly designed coupe SUV style, positioned as a luxury high-performance SUV, with dimensions of 4999mm in length, 1996mm in width, and 1600mm in height, and a wheelbase of 3000mm [1] Group 2 - The YU7 boasts several design highlights, including hollow water droplet headlights, a unique integrated air duct, and a distinctive light ring tail lamp, along with electric retractable door handles [2] - The vehicle has undergone over 40 aerodynamic optimizations, achieving a drag coefficient of only 0.245Cd, which has resulted in an increase of 59km in CLTC range compared to its previous version [2] - Xiaomi YU7 offers three versions: the standard single-motor rear-wheel drive with a 96.3kWh lithium iron phosphate battery, achieving a CLTC range of 835km; the dual-motor all-wheel drive YU7Pro; and the high-performance dual-motor YU7Max, which features a 101.7kWh ternary lithium battery, a CLTC range of 760km, 0-100km/h acceleration in just 3.23 seconds, and a top speed of 253km/h [2]

Group 1 - Xiaomi's Lei Jun announced the upcoming launch of the Xiaomi YU7, a mid-to-large pure electric SUV, scheduled for the end of June [1] - The company is preparing for mass production of the YU7, with photos of the vehicle's production already circulating online [1] - The YU7 has already arrived at some official Xiaomi stores [1] Group 2 - The design of the YU7 retains the style of the SU7, featuring a low-drag dynamic design and optimized aerodynamics, including air ducts and a dual-layer rear spoiler [4] - The vehicle is equipped with laser radar and a 700 TOPS auxiliary driving computing chip [4] - Dimensions of the YU7 are 4999mm in length, 1996mm in width, 1608mm in height, and a wheelbase of 3000mm [4] Group 3 - The interior of the YU7 features a high-quality design with a panoramic display that replaces the dashboard and head-up display, providing comprehensive information [8] - The vehicle runs on Xiaomi's Pengpai OS system and includes zero-gravity front seats with heating, ventilation, and massage functions, along with a 6.68-inch dual-screen and a built-in refrigerator [8] Group 4 - The YU7 is built on an 800V silicon carbide high-voltage platform, offering three models: a long-range rear-wheel drive, a long-range all-wheel drive Pro version, and a high-performance all-wheel drive Max version [10] - The maximum power of the electric motors for these models are 235kW, 365kW, and 508kW, with 0-100 km/h acceleration times of 5.88s, 4.27s, and 3.23s respectively [10] - The pure electric range under CLTC conditions for the models is 835km, 770km, and 760km [10]

Core Viewpoint - Xiaomi is preparing for the mass production of its first SUV model, the Xiaomi YU7, which is positioned as a "luxury high-performance SUV" with advanced features and specifications [4]. Group 1: Product Design and Features - Xiaomi YU7 inherits the design language of the Xiaomi automotive family, emphasizing both evolution and timelessness in its design [1]. - The YU7 features include a standard range of 835 km, a maximum power of 690 PS, a 0-100 km/h acceleration time of 3.23 seconds, and a top speed of 253 km/h [4]. Group 2: Production and Pricing - Xiaomi's founder Lei Jun announced that the company is fully preparing for the mass production of the YU7, expected to begin in July [4]. - The official pricing for the YU7 has not yet been disclosed, with Lei Jun indicating that it will be revealed one to two days before the official launch [4]. - Lei Jun has suggested that the YU7's price will not be merely 20,000 yuan higher than the SU7 standard version, indicating a more competitive pricing strategy [4]. Group 3: Market Potential - According to a report from Guojin Securities, the YU7 is expected to leverage its long range and fast charging capabilities to secure a position in the mid-to-large pure electric SUV market [4]. - The success of the Xiaomi SU7, which has seen strong sales, validates Xiaomi's capabilities in the automotive sector, suggesting that the YU7 has the potential to become a popular model [4].

小米汽车公布YU7设计手稿。 6月9日，小米汽车发文，公布了小米YU7的设计手稿。小米汽车称，小米YU7继承小米汽车家族设计，是延 续，也是进化，更是经得起时间考验的设计。 责编：万健祎 校对： 刘榕枝 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 罕见！这家公司，或将退市，明起停牌！ 丨 中美经贸磋商机制首次会议在英国伦敦开始举行 丨 A股，这一类案例激增！啥情况？ 丨 年内第4只！注意了，不及时操作或亏损超35%！ 丨 中办、国 办印发！重磅民生文件公布→ 丨 中国资产爆发！这一指数，技术性牛市！ 丨 外交部谈中美经贸磋 商机制首次会议 丨 突发！洛杉矶警方开枪！国民警卫队人员进驻、全市进入战术警戒状态！特朗普 最新下令 丨 俄乌突变！俄军首次进入这一地区，基辅面临"战略性影响"！ 5月22日，小米举办15周年战略新品发布会 ...

Core Insights - Li Auto reported Q1 2025 total revenue of 25.9 billion yuan, a year-on-year increase of 1.1% but a quarter-on-quarter decline of 41.4% [1] - The net profit for the same period was 646.6 million yuan, up 9.4% year-on-year but down 81.7% quarter-on-quarter [1] - Non-GAAP net profit was 1 billion yuan, a year-on-year decrease of 20.5% and a quarter-on-quarter decrease of 74.9% [1] Financial Performance - Total revenue for Q1 2025: 25.9 billion yuan, YoY +1.1%, QoQ -41.4% [1] - Net profit: 646.6 million yuan, YoY +9.4%, QoQ -81.7% [1] - Non-GAAP net profit: 1 billion yuan, YoY -20.5%, QoQ -74.9% [1] Market Strategy and Outlook - Following the launch of the L series smart models, Li Auto has seen a healthy sales growth, with weekly sales exceeding 10,000 units [2] - As of May, the market share in the NEV segment priced above 200,000 yuan reached 14.7% [2] - The company aims to achieve a monthly sales target of 50,000 units for the new models [2] Product Development Plans - Li Auto plans to expand into the MPV and sedan markets after achieving a revenue scale of 300 billion yuan, based on market demand [2] - The current focus remains on the extended-range SUVs and pure electric SUVs, with a dual strategy for the L and i series [2]

5月22日，小米集团董事长兼CEO雷军在微博透露，小米YU7预计7月正式上市，在今晚的发布会上不会公布正 式价钱，也不会开启小定。 盘面上，小米集团港股午后开盘直线跳水，一度跌近3%。 就在昨日（21日），雷军发文称：小米YU7，马上就要发布了。不少朋友说，SUV市场比轿车市场竞争更激 烈，小米还能冲出重围吗？ 这个领域高手如林，每个都有超强的竞争力，确实竞争非常激烈。但我相信， YU7有着不可替代的独特魅力。 最新剧透。 国金证券研报认为，小米YU7有望打破Model Y在纯电SUV领域的统治地位。目前国内B级及以上纯电SUV赛 道，Model Y一家独大，其余车型集中度分散。2024年国内市场B级及以上纯电SUV累计销量约166万辆，其中 Model Y销量高达55.67万辆，断档领先。 上述研报表示，根据目前小米汽车获得订单的节奏，以及SU7 Ultra的火热，预计小米汽车在2025年销量可以 逼近产能上限，意味着YU7有望成为Model Y之后新一款热销中高端纯电SUV车型。 综合自：雷军微博、 证券时报此前报道 责编：李丹 校对：王朝全 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及 ...

Core Viewpoint - Xiaomi's YU7 electric SUV is generating significant pre-launch excitement, with reports of scalpers charging high fees for priority access to the vehicle, indicating strong market demand and potential sales success [2][9][18]. Group 1: Product Launch and Features - Xiaomi YU7 is set to be unveiled on May 22, 2023, by CEO Lei Jun, who emphasizes its unique appeal as a luxury high-performance SUV [1][5]. - The YU7 features a new "Gem Green" color inspired by Colombian emeralds, showcasing a dual-layer paint technique that enhances its aesthetic appeal [6]. - The vehicle dimensions are 4999 mm in length, 1996 mm in width, and 1608 mm in height, with a wheelbase of 3000 mm, categorizing it as a mid-to-large SUV [8]. - The YU7 offers both single and dual motor configurations, with the dual motor version achieving a combined power of 508 kW (691 horsepower) and a top speed of 253 km/h [8]. Group 2: Market Demand and Scalping - There is a notable presence of scalpers online, with prices for priority access to the YU7 reaching up to 12,000 yuan, indicating high demand even before the official launch [2][9]. - Reports suggest that scalpers claim to have internal access to purchase slots, with some offering services to expedite the buying process through software [12][16]. - Xiaomi's sales team has publicly denounced these scalpers, warning potential buyers of the risks involved and asserting that all purchases should be made through official channels [18][19]. Group 3: Sales Performance and Market Position - Xiaomi's automotive sales have seen a decline over three consecutive weeks, with reported sales of 7,000, 5,700, and 5,200 units in the respective weeks [22]. - The YU7 is viewed as a critical model for Xiaomi to expand its market presence, with analysts suggesting it could challenge the dominance of Tesla's Model Y in the electric SUV segment [22]. - The domestic market for B-class and above electric SUVs is currently led by the Model Y, which sold 556,700 units out of a total of 1.66 million units in 2024 [22].

导读：比亚迪海狮05EV正式上市，官方指导价格为11.78万元—13.78万元。 此外，海狮05EV归属于比亚迪的海洋网，品牌形象和设计更加年轻化。新车一方面完善了海洋网的产 品布局，另一方面也完善了海狮IP的产品序列。 新车详细链接 比亚迪海狮05EV的车身尺寸为4520mm × 1860mm × 1630mm，轴距达到2720mm，属于紧凑型SUV。车 身采用海洋美学设计理念，展现了年轻、前卫的都市SUV风格。 【文/观察者网 周盛明 编辑/ 高莘】3月25日，都市智选SUV——比亚迪海狮05EV正式上市，官方指导 价格为11.78万元—13.78万元。 比亚迪 新车基于比亚迪e平台3.0 Evo打造，全系后置后驱动力架构，全系搭载天神之眼 C - 高阶智驾三目版 （DiPilot 100）和智能座舱高阶版-DiLink 100。根据配置不同，新车官方CLTC续航拥有430km和520km 两个版本。 作为一台A级纯电SUV，海狮05EV的上市将比亚迪的产品线进一步完善。从下看，海狮05EV的定位高 于比亚迪元Pro和元UP；从上看，海狮05EV定位低于宋PLUS。 横向来看，海狮05EV和元PLUS互为 ...