整个电池增投工作已于11月启动，预计将于2026年1月中旬完成，届时全国换电网络乐道电池数量将超过计划前的2倍。该计划的推出，有望满 足2026年春运高峰的换电需求，并为后续快速增长的用户规模长期提供行业最领先、最便捷的补能体验。 此外，乐道官方表示，电池资源的投放策略会在按区域用户保有量、换电需求量分配的基础上，优先向北方地区倾斜，配合后续上架的85kWh 电池灵活升级优惠券，帮助用户在冬季以更优惠的价格按需升级续航。 对于该计划，蔚来联合创始人、总裁秦力洪表示，乐道在L90上市之初增投了2000块85度电池包，帮助L90树立了优秀的用户口碑并带来了同级 领先的市场表现。本次电池增投计划的核心目标是通过提升新老用户换电体验，加速市场向纯电、换电转化。 此前，蔚来汽车创始人、董事长、CEO李斌曾在2025年的NIO Day上表示，"2025年是一个拐点，是用户从纯电技术带来的体验收益，大于因为 加电不便带来体验损失的拐点。"秦力洪也在2025成都车展期间再度提及"纯电拐点"这一话题，他认为，依托纯电技术的发展，用户对纯电动汽 车的里程焦虑正在不断减轻，纯电的黄金时代正在到来。 12月5日，乐道汽车的全国换电站 ...

Group 1 - NIO's recent half-year report for 2025 shows a significant recovery with 72,056 vehicle deliveries in Q2, marking a 25.6% year-on-year increase and a 71.2% quarter-on-quarter increase, although the company has not yet achieved profitability [1] - CEO Li Bin highlighted the challenges ahead but noted the arrival of a turning point in the pure electric vehicle market, which could reshape the strategies of various automakers and the industry landscape [1] - The sales data indicates a clear shift in consumer preference towards pure electric vehicles, with cumulative sales of pure electric cars reaching 4.415 million units in the first half of 2025, a 46.24% increase year-on-year, while range-extended vehicles lagged behind with only 538,000 units sold, a 16.5% increase [2][6] Group 2 - The decline in range-extended vehicle sales is evident, with July 2025 sales dropping to 102,000 units, an 11.4% year-on-year decrease, while pure electric vehicle sales saw a 24.5% increase during the same period [2] - Companies like Li Auto are adjusting strategies in response to declining sales, launching new pure electric models and reducing vehicle prices to maintain market share, with average vehicle prices dropping from 331,000 yuan in 2022 to 260,000 yuan in Q2 2025 [3] - Leap Motor has shifted its strategy to focus on pure electric vehicles, achieving 221,664 deliveries in the first half of 2025, while other brands like AITO are also adapting by introducing new models that blur the lines between pure electric and range-extended vehicles [4] Group 3 - The competitive landscape is changing as pure electric vehicles are increasingly seen as more viable, with advancements in battery technology and charging infrastructure alleviating consumer range anxiety [6][8] - The charging infrastructure in China has expanded significantly, with 16.696 million charging points available, allowing for a ratio of approximately two charging points for every five vehicles [8] - As the advantages of range-extended vehicles diminish, manufacturers are exploring new strategies, such as larger batteries and faster charging capabilities, but this raises concerns about increased costs and weight [9][10] Group 4 - Despite the challenges faced by range-extended vehicles, there remains a market for them, as some consumers still value the flexibility of having both electric and fuel options [11] - The future of both pure electric and range-extended vehicles will depend on product quality, supply chain stability, and cost control, rather than solely on technological differentiation [11][12] - Companies must adapt to changing market demands and refine their product strategies to capture opportunities in the evolving automotive landscape [12]

Core Insights - NIO's founder and CEO Li Bin highlighted that 80% of the new ES8 pre-orders come from owners of range-extended and fuel vehicles, indicating a shift in consumer perception towards pure electric vehicles [1] - The launch of the new ES8 and the successful delivery of the L90 model, which surpassed 10,000 units in just 29 days, reflect a growing enthusiasm for pure electric large SUVs [1][2] - NIO's production capacity is set to increase significantly, with plans for L90 to reach 15,000 units per month in October and the new ES8 to achieve 10,000 units in the same month, indicating strong supply chain collaboration [1] Company Performance - In August, NIO delivered 10,525 vehicles under its brand, 16,434 under the Lada brand, and 4,346 under the Firefly brand, showcasing the effectiveness of its brand strategy [2] - The company reported a total vehicle delivery of 72,056 units in Q2, a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2%, with revenue reaching 19.01 billion yuan, a 9.0% year-on-year growth [3] - NIO's guidance for Q3 indicates expected deliveries between 87,000 and 91,000 units, with revenue projected between 21.81 billion and 22.88 billion yuan, marking a historic high for the company [3] Product Strategy - Li Bin emphasized that the key to successful vehicle development lies in using technological innovation to meet unmet consumer needs, as seen in the design of the new ES8 and L90 [3] - The company is focusing on enhancing both the implicit and explicit value of its products, addressing consumer pain points such as storage space in large SUVs [3] - NIO's battery-as-a-service (BaaS) model is viewed as a competitive advantage, with expectations for it to become a significant differentiator as the market for pure electric vehicles expands [3]

Core Viewpoint - The increasing consumer acceptance of pure electric vehicles is evident, with 80% of new ES8 pre-orders coming from owners of range-extended and fuel vehicles, indicating a shift in market sentiment towards electric vehicles [1] Group 1: Product Launch and Market Response - The new ES8 has received a strong market response, with expectations for its pre-order performance to exceed that of the recently launched L90, which achieved over 10,000 deliveries in just 29 days [1] - The enthusiasm for the new ES8 and L90 has led to a significant increase in production capacity, with plans for L90 to reach 15,000 units per month in October and the new ES8 to achieve 10,000 units in October and 15,000 units in December [1] Group 2: Supply Chain and Production Capacity - The company is actively adjusting its supply chain in response to the high demand for the new models, indicating a collaborative effort with partners to meet production goals [1] - The production capacity for both the L90 and new ES8 is being ramped up, showcasing the company's ability to respond to market demand effectively [1] Group 3: Strategic Positioning and Brand Synergy - The company emphasizes its long-term commitment to electric vehicle technology and product planning, which has allowed it to maintain a competitive edge in the market [3] - The three brands under the company—NIO, Ladao, and Firefly—are demonstrating strong synergy, sharing R&D and design capabilities while catering to distinct customer segments [3] Group 4: Innovation and Market Trends - The company identifies the need for innovation in addressing customer pain points, such as storage space in large SUVs, which has been a focus in the design of the new models [4] - The battery-as-a-service (BaaS) model is seen as a key competitive advantage, with expectations for it to become more prominent as the market for electric vehicles expands [4] Group 5: Financial Performance and Future Outlook - In Q2, the company delivered 72,056 vehicles, a year-on-year increase of 25.6%, with revenue reaching 19.01 billion, reflecting a 9.0% year-on-year growth [4] - The company projects Q3 deliveries between 87,000 and 91,000 vehicles, with revenue expectations of 21.81 billion to 22.88 billion, indicating a strong growth trajectory [4]