NIO's Second Brand Ledao to Enter SUV Market with BYD's Lithium Iron Phosphate Battery, Targeting 200,000-300,000 Yuan Price Range

【SMM Analysis: NIO to Target the SUV Market at the Price Range of 200,000-300,000 Yuan with its Second Brand Ledao L60 Equipped with BYD's Lithium Iron Phosphate Battery?】 According to SMM News on June 19th, the recent public disclosure of new motor vehicle products by the Ministry of Industry and Information Technology (MIIT) revealed that the first model of NIO's second brand Ledao will be equipped with BYD's lithium iron phosphate battery. This news discloses the cooperation between BYD and NIO in the field of power batteries.

It is understood that Ledao Auto plans to put its first model L60 into mass production in September this year. This mid-sized pure electric SUV model is presold at a price of 219,900 yuan. Lithium iron phosphate battery is one of the two main technical routes for power batteries and is the main focus of BYD.