Ledo Auto is developing a sedan and an SUV targeted at small families while also catering to commercial use scenarios, positioned in the RMB 200,000 price range. These two models were previously planned, but their development was suspended early last year and resumed at the end of August. Ledo does not rule out launching new models in the mass market based on market conditions. We have reached out to NIO for confirmation, but as of the time of publication, no response has been received.
