Overview

• Pre-orders opened on July 10 and met internal targets within hours, Nio founder William Li said at a Hefei media briefing.
• Display vehicles are now in showrooms, nationwide test drives begin July 23, and customer deliveries start August 1.
• Pricing for the three-row SUV starts at 279,900 yuan for outright purchase or 193,900 yuan under Nio’s battery-as-a-service lease plan.
• The L90 features a 900V electrical architecture, an 85 kWh battery, six- and seven-seat layouts, and both rear- and all-wheel-drive powertrain options.
• Morgan Stanley maintained an Overweight rating and $5.90 price target, citing optimism for Onvo’s growth and the planned five-seat L80 variant in Q4.