Core Insights - NIO showcased its three brands (NIO, Ladao, Firefly) at the 2025 Shanghai Auto Show, with the Ladao L90 making its debut as a flagship smart SUV [1] - The Ladao L90 features a single motor with a power output of 340 kW and a dual-motor version with a combined power of 440 kW, set to launch in Q3 of this year [1][2] - Ladao's first model, the L60, has sold over 30,000 units since its launch, indicating a strong performance in the SUV market despite not meeting initial sales expectations [2] Product Launches and Future Plans - Ladao plans to release its third model, the L80, in Q4 of this year, with expectations that new models will enhance brand profitability [2] - NIO aims to achieve quarterly profitability in Q4 2023, with Ladao expected to play a significant role in this goal [2] - The year 2025 is pivotal for NIO, with plans to launch nine new models across its brands, including the Ladao L90, L80, and new models from the Firefly brand [2]