继上周五（7月11日）大涨近6个点后，周一早间，蔚来-SW（09866.HK）股价继续强势拉升。截至午间 收盘，股价报32.40港元/股，涨幅10.77%。 随着二季度的结束，新能源汽车在2025年的厮杀已经进入了下半场，规模和利润成为投资者最关注的指 标。 近日，全球咨询公司艾睿铂（AlixPartners）在其年度行业深度分析报告《2025全球汽车展望》中预 测，在2024年销售新能源汽车的129个品牌中，有15个品牌到2030年仍将保持财务活力，市场将出现明 显的整合，只有最具竞争力的品牌有望在未来几年取得成功。该机构还称，经研究测算，车企如果要实 现盈利，纯电车一年40万辆和插混/增程式一年20万辆，将是一个关键的平衡点。 从销售规模来看，今年上半年，蔚来的半年度销量为11.42万辆，其中6月份销售2.49万辆，环比增 7.29%。但无论是以44万辆的年度目标还是机构预测的40万辆平衡点来看，蔚来要在今年四季度实现盈 利，仍然有较大的努力空间。 李斌称，对蔚来靠本事从低谷里面走出来依然有信心。乐道L90能否成为蔚来扭亏为盈的关键力量，三 季度或许会有一个相对明朗的答案。 市场认为，蔚来近日的股价表现， ...

Core Viewpoint - NIO's recent stock performance is closely linked to the launch of its new SUV model, the L90, which has generated positive market sentiment and expectations for future sales growth [1][2]. Group 1: Company Performance - NIO's stock price rose by 10.77% to HKD 32.40 per share following the L90 launch, indicating strong market interest [1]. - The L90 is priced starting at CNY 279,900 for outright purchase and CNY 193,900 for battery rental, showcasing a competitive pricing strategy [1]. - NIO's half-year sales reached 114,200 units, with June sales at 24,900 units, reflecting a month-on-month increase of 7.29% [3]. Group 2: Market Outlook - Analysts from CMB International have given NIO a "buy" rating, anticipating a short-term rebound driven by improved sales and cost reduction [2]. - CICC maintains a target price of HKD 41 for NIO, citing confidence in the company's ability to achieve profitability in Q4 2025 [2]. - AlixPartners predicts that only 15 out of 129 electric vehicle brands will remain financially viable by 2030, emphasizing the need for competitive brands to achieve significant sales volumes to ensure profitability [2]. Group 3: Strategic Focus - NIO's CEO, Li Bin, emphasized the importance of integrated, lightweight, and miniaturized components in the automotive industry, indicating a strategic focus on innovation and efficiency [1]. - The L90's production and delivery schedule is being closely monitored, with NIO prepared to ramp up manufacturing and partnerships to meet market demand [1][3].