今日盘中，蔚来-SW（09866）股价大涨5.64%，引发市场广泛关注。此轮涨势主要受到蔚来旗下子品牌乐道发布新车型L90的积极影响。
根据消息，乐道L90正式开启预售，整车购买预售价为27.99万元起，采用电池租用服务（BaaS）后更低至19.39万元起。这一定价策略被市场认为"超预期"，显示出蔚来在高端大型SUV市场的强劲竞争力。交银国际在最新研报中指出，L90的起售价低于尺寸相近的竞品，在性能、配置、价格等多个维度上具有竞争优势，有望冲击家庭SUV市场。
值得注意的是，蔚来在美股市场的表现也相当亮眼，上一个交易日收涨逾5%，夜盘更是一度涨超6%。分析师认为，未来市场焦点可能集中在蔚来销量回升的可持续性以及降本效果是否能达到预期。目前蔚来2025年市销率约为0.6倍，下行空间有限，边际改善或将为股价带来短期反弹机会。随着乐道L90计划于8月1日开始交付，市场对蔚来的销量表现抱有较高期待。
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