Bocom Intl issued a research report stating that Nio Inc's Leisure L60 has been officially launched, with two new car models priced at 0.2069 million and 23.59 million RMB respectively. The bank pointed out that the pricing of L60 is 0.043 million RMB lower than the main competitor Model Y, with further price differences if the BaaS scheme is adopted. The bank also mentioned that the actual car's interior space, equipment, and intelligent cockpit experience are significantly better than Model Y. According to the latest pricing, the bank believes that the stable monthly sales volume of L60 is expected to reach a level between 0.01 million and 0.013 million units. The bank believes that the turning point has come and maintains a "buy" rating on the company, with a target price of 59.88 Hong Kong dollars for Hong Kong stocks and a target price of 7.7 US dollars for US stocks. They believe that the delivery and sales volume increase of L60, as well as the improvement in gross margin of autos, will support the stock price rebound.