Core Viewpoint - The electric vehicle era for large three-row SUVs is emerging, with sales growth of electric models surpassing that of fuel and hybrid versions, driven by advancements in smart electric vehicles and improved user experience [1] Company Summary - NIO's ES8 has achieved cumulative sales of 93,000 units since its initial launch in 2017 [1] - The new ES8 features a fresh design language and offers two seating configurations: a 6-seat (2+2+2) and a 7-seat (2+3+2) layout [1] - The 6-seat version includes three zero-gravity seats, with the second-row right seat able to slide 150mm [1] - The new ES8 is equipped with advanced technology, including three LiDAR units, a 21.4-inch rear entertainment screen, an 8.8L temperature-controlled refrigerator, and a 27-speaker audio system [1] Industry Summary - The new ES8 utilizes a 900V high-voltage architecture, with a dual-motor system delivering a total power of 520 kW [1] - It is paired with a 100 kWh battery pack, offering a CLTC range of 635 kilometers [1] - The vehicle supports 900V ultra-fast charging and includes a battery swap feature [1] - The new ES8 is set to be launched and delivered in late September [1]

蔚来创始人、董事长、CEO李斌对记者表示，L90能够助推蔚来实现公司持续稳健的经营。"因为它是 蔚来、乐道非常重要的战略性产品，也是家庭大三排SUV的革新之作。这是我们10年技术创新，还有基 础设施持续投入水到渠成之后所发生的质变。实现四季度盈利目前来看是有信心的，这也是我们公司统 一的目标，我们为这个做出了非常多的调整和努力。" 李斌透露，乐道L90只是蔚来第一款大车，后面（蔚来）还有好几款大车。"接下来全新的ES8会充分地 证明为什么大三排SUV会进入纯电时代并引领市场前进，我对此是非常笃定且有信心的。" 在此背景下，摩根士丹利、德意志银行、花旗、大和资本、瑞银及中金公司（601995）等多家全球知名 权威投资机构，对乐道L90给予高度好评。乐道L90上市以来，蔚来美股已上涨超40%。 中证报中证网讯（龚梦泽 熊永红）蔚来乐道持续热销，销量榜表现强劲。上周，蔚来公司销量达6089 辆，稳居周销量榜前五；乐道L90延续旺销态势，上市10天累计交付超4000辆，升至大型SUV周销量榜 第二位。 中国证券报记者从公司处获悉，目前，合肥蔚来乐道工厂正满产运行，争分夺秒加紧生产备货，加速交 付。乐道总裁沈斐在社交平 ...

Core Viewpoint - The launch of the Ledo L90, priced under 300,000 yuan, marks a significant product strength demonstration following the brand's transformation [2][4]. Product Overview - The Ledo L90 is the second model from the Ledo brand and the first after its transformation, aimed at increasing delivery volumes [4]. - The Ledo L90 is a large three-row pure electric SUV, priced significantly lower than competitors, which typically start at over 400,000 yuan [4]. - The vehicle features a spacious design that addresses common issues faced by traditional large SUVs, such as limited luggage space [6]. Safety Features - The Ledo L90 recently underwent a unique crash test, demonstrating its safety capabilities under challenging conditions [7]. - The vehicle's safety performance was confirmed by experts, showcasing a robust structure and excellent occupant protection, particularly for third-row passengers [8]. - Key safety highlights include a high-strength front structure, top-tier materials, and the largest side air curtain protection in its class [8]. Internal Reforms and Delivery Performance - Recent internal reforms have begun to show positive results, with a significant increase in delivery volumes [9]. - Since the adjustments, the workforce has been reduced by 40%, yet delivery volumes increased by over 40% month-on-month in May [10]. - Monthly delivery figures have shown fluctuations, with a cumulative total of 52,600 vehicles delivered by the end of June [11][15]. Management Changes - Leadership changes were made in early April, with a new president appointed to enhance operational efficiency [12]. - The management is now more involved in Ledo's operations, allowing for better resource allocation from the parent company [14].