NIO launches two core new products and adjusts production capacity layout

NIO launched two new core products, the all-new NIO ES8 and Ledao L90, and adjusted its production capacity layout, shifting production capacity originally planned for the L60 to the L90. The plan indicates that monthly production of the L90 will reach 15,000 units in October, and the ES8 will increase to 15,000 units in December. NIO will also launch three large SUVs next year: the Ledao L80, the NIO ES9, and the large 5-seater SUV, the NIO ES7. NIO has set a combined production capacity target of 56,000 units for its three brands in the fourth quarter, including 25,000 for the NIO brand, 25,000 for Ledao, and 6,000 for Firefly. Deliveries of the L80, originally scheduled for this year, have been delayed.