Next year, NIO Plus Music is expected to maintain a steady monthly sales volume of 25,000 to 30,000 units, which is beneficial to valuation repair.
The Zhitong Finance App learned that BOC International released a research report stating that the target price of NIO SW (09866) was raised to HK$59.88, and the rating was upgraded to “buy.” Next year, NIO Plus Music is expected to maintain a steady monthly sales volume of 25,000 to 30,000 units, which is beneficial to valuation repair.
According to the report, NIO released its sub-brand Ledao last night, the first L60 positioning smart electric SUV for home use, and delivery began in September. The pre-sale price is RMB 21,900 (same below). The bank believes that the pre-sale price is lower than expected, and estimates that the L60BOM cost is around 140,000 yuan. Generally, the final listing price will be 5,000 to 10,000 yuan lower than the pre-sale price. At the same time, the pricing of the BaaS plan has not been officially announced. The final BaaS plan has a big impact on sales.
The bank believes that the Ledao L60 has a unique energy supplementation experience, including slow charging, fast charging, and power exchange. The charging experience is the biggest differentiating highlight of the Ledao L60 within 200,000 yuan. It is predicted that steady monthly sales will be at the level of 900 to 10,000 units, which will be the key driver for NIO's sales to enter the second growth curve.