专题：2025广州国际车展 对于"有人认为大电池的增程就是纯电"这个观点，李斌表示，大电池增程车型在前备箱空间、后备箱空 间布置增程器油箱等方面会做出妥协，以适应其作为过渡方案的定位。此外，电池容量虽大，但仍需为 纯电行驶区间做设计上的调整，导致其在电池可用区间、续航能力、成本和重量等方面相比纯电产品有 所牺牲。 "这只是我的理解，不代表用户的看法。这个最后还是市场说了算。如果大家都买大电池增城，那说明 他们就对了。"但李斌也表示，目前市场数据显示，纯电车型的销量在增长10月份增长了20%，而增程 车型则有所下降，10月份下降了20%。 用户的心智也在发生变化，倾向于更加接受纯电技术的发展方向。公司将继续坚持符合趋势的技术路 线，并根据市场反馈不断改进和改善产品与商业模式。 责任编辑：李思阳 11月21日，在广州车展上，蔚来汽车创始人、董事长、CEO李斌表示，纯电趋势已经越来越清楚。 李斌表示，汽车行业的产品决策通常需要提前两三年去预判未来的趋势。很多友商两年前或三年前决策 做增程路线的产品，这个路线完全可以理解。 "因为在那个时间点，这个增程确实是巅峰的时期，在那个时间点有大的大增城大的SUV的产品，不管 ...

专题：2025广州国际车展 责任编辑：王翔 蔚来创始人、董事长兼CEO李斌今日在广州车展上表示，ES8在在上产能，41天就交付了1万台，创造 了全球大型纯电SUV的交付记录。 他透露，12月份ES8争取超过15000台的交付量，争取多交一点。"现在有动力多交，是因为明年保购置 税补贴，每一台到明年去都能多补一万多块钱。所以今年多交，那对于我们四季度盈利也很重要。" ...

专题：2025广州国际车展 他谈到，目前，中国的智能电动汽车产品在用户体验和性价比上已具备市场化生存能力，且10月份新能 源汽车渗透率超过57%，表明行业已从政策驱动转向市场驱动和产业规模优势驱动。 李斌表示，未来几年购置税补贴将逐渐减少至2027年完全取消，但在过渡期，对于蔚来来说，购车租电 池的方式仍具优势，因为电池成本不会计入税基，这对用户而言是利好消息。 "同时，国家将换电设施作为新型能源互联网基础设施进行建设，这与国家政策方向一致，也符合换电 联盟的发展趋势。"他说。 责任编辑：李思阳 11月21日，在广州车展上，蔚来汽车创始人、董事长、CEO李斌谈到购置税减半政策时表示，这确实提 前了一些消费者的购买决策，但最近由于旧车置换补贴名额用满导致的扰动是阶段性的。 ...

专题：2025广州国际车展 新浪科技讯 11月21日上午消息，2025广州车展开幕，在蔚来汽车发布会上，蔚来汽车创始人、董事 长、CEO李斌发表演讲。 发布会上，钟汉良作为蔚来全新ES8准车主亮相，他表示自己车辆还在等待交付中，李斌开玩笑称，自 己的车辆也排到了明年才能交付。 李斌表示，届时自己将向钟汉良亲自交车，两人相约到时一起打高尔夫。看到钟汉良的现场粉丝后，李 斌还喊话"赶紧下单"。 责任编辑：杨赐 ...

Company Overview - NIO is a Chinese electric vehicle (EV) developer and manufacturer, known for its innovative battery swapping technology [1] - The company operates over 3,500 battery swap stations and approximately 4,800 charging stations across China [1] Industry Insights - The EV market in China is rapidly expanding, with increasing infrastructure for battery swapping and charging stations, which supports the growth of companies like NIO [1]

Group 1 - The current A-share market is in a phase of consolidation and preparation for future investments, with expectations of a potential upward trend in the near future [1][8] - The Hang Seng Index Company announced the results of the third quarter review of the Hang Seng Index series [2] - The U.S. stock market saw a collective decline, with the Dow Jones down 0.84%, Nasdaq down 2.15%, and S&P 500 down 1.56%, primarily driven by a drop in technology stocks [3] Group 2 - China's foreign trade has maintained stable growth despite external pressures, with a focus on supporting new business models like cross-border e-commerce and enhancing logistics systems [4] - The Chinese government is emphasizing the need for high-quality development in manufacturing and is increasing financial support for key technologies [4] - The China Chemical and Physical Power Industry Association plans to release guidelines to address the challenges faced by the lithium iron phosphate industry, including price competition and industry standards [6] Group 3 - In September 2025, the domestic smartphone market shipped 27.93 million units, a year-on-year increase of 10.1%, with 5G smartphones accounting for 86.3% of total shipments [7] - The total smartphone shipments for the first nine months of 2025 reached 220 million units, a slight decline of 0.3% year-on-year, with 5G smartphones showing minimal growth [7]

Core Insights - Nvidia's strong earnings report failed to sustain market confidence, leading to a collective decline in major U.S. stock indices [1] Market Performance - The Dow Jones index fell by 0.84% - The S&P 500 index decreased by 1.56% - The Nasdaq Composite index dropped by 2.15% [1] Technology Sector - Major tech stocks experienced significant declines: - AMD fell over 7% - Oracle decreased by over 6% - Netflix and Nvidia both dropped over 3% - Tesla and Amazon fell over 2% - Microsoft declined by over 1% - Broadcom fell by 2.14% - Qualcomm decreased by 3.90% - Adobe dropped by 1.79% - Salesforce fell by 1.10% [1] Chinese Stocks - The Nasdaq Golden Dragon China Index declined by 3.26% - Notable declines among popular Chinese stocks: - Canadian Solar fell by 18.3% - Daqo New Energy dropped by 9.2% - NIO decreased by 6% - JinkoSolar fell by 5.7% - Other companies like Pony.ai, Xpeng, Xiaomi, Pinduoduo, and Baidu dropped over 4% - However, some stocks saw gains: - NetEase rose by 0.6% - Beike increased by 1.3% - GDS Holdings gained 1.8% - Yatsen Holding rose by 3.3% [1]

Core Viewpoint - Nio Inc. has experienced significant stock volatility due to tariff-driven market conditions, with shares rebounding 31.9% year-to-date despite a recent 7.8% decline ahead of its third-quarter report [3][4]. Company Performance - Nio's stock is currently trading 42.3% higher than six months ago, outperforming the S&P 500 during the same period, although Wall Street remains cautious with only half of the 28 analysts recommending a buy [4]. - The mean price target for Nio's stock has decreased to $6.83, representing a potential upside of nearly 19% from the current price, with a high target of $9.03 [4]. Financial Overview - Nio's revenue and operating income have shown growth, with projected revenues for 2023 at 55.62 billion CNY and operating losses at 22.66 billion CNY [10]. - The company has a history of fluctuating stock prices since its IPO, with a notable peak of $62.84 in February 2021, but has since faced significant declines [7]. Growth Drivers - Nio is expanding its product portfolio and market share through new model launches and innovative battery swap technology, aiming to build over 4,000 swap stations by the end of 2025 [12][13]. - The company anticipates doubling vehicle deliveries by 2025, with a target of 330,000 units, which would still represent only about 2% of the Chinese NEV market [19]. Future Projections - Revenue growth is expected to be robust, with estimates of 60% growth for the year, leading to a year-end price target of $5.05, a decrease of over 12% from the current share price [17]. - By 2030, Nio's stock price is projected to reach $23.56, indicating a potential increase of over 223% from current levels [17][20].

内饰方面，视频展示了ET9作为行政旗舰车型的内部布局。新车采用了四座行政布局，门板与座椅处使用了复杂的菱形格纹缝线工艺。 11月20日 蔚来汽车今日正式对外展示了蔚来ET9地平线特别版"日照金山"配色的实车细节与设计理念。该款车型将于11月21日开幕的广州车展上正式亮相。 从官方公布的信息来看，这款ET9采用了双拼色车身涂装。车身上半部分采用了深邃的暗色调，下半部分则为接近金色的暖色调，这种色彩搭配旨在呼应视 频主题"日照金山"的视觉意象。在车身侧面细节上，B柱区域镶嵌有金色的"HORIZON"英文标识，这一元素贯穿了整车的多个设计细节。新车配备了大尺寸 多辐轮毂及悬浮式轮毂盖，在车轮转动时，中央的蔚来Logo始终保持垂直地面的静止状态。 . Cli t 10- n the HORIZON 0 0 HORIZON 07:00 车顶配备了分段式全景天幕，中间集成有纵向的氛围灯带与控制区。后排中央扶手区域宽大，集成了后排行政控制屏幕，屏幕上方同样印有"HORIZON"字 样。此外，前排座椅后方还配备了面向后排乘客的娱乐大屏，进一步强调了其后排乘坐体验的定位。 此外，ET9地平线特别版还有一款"拂晓黎明"配色，灵感 ...

Core Insights - NIO has launched a special color edition called "Dawn of Dawn" for the ET9 Horizon Special Edition, featuring a gray and black two-tone design inspired by the serene landscape of Iceland's black sand beach at dawn [1] - The company plans to release another color scheme inspired by Chinese elements for the Horizon theme in the near future [1] Group 1: Product Details - The ET9 Horizon Special Edition was unveiled in September, with a starting price of 818,000 yuan, featuring a unique "Polar Star Blue + Moonlight Silver" dual-tone color scheme inspired by the morning at the Uyuni Salt Flat [3] - The vehicle is equipped with exclusive 23-inch forged nine-hole lunar wheels, showcasing a mirror-polished finish [3] - The interior design follows a "Heaven and Earth Dual Color" aesthetic, with a front and rear seat layout in different colors, and features the exclusive "HORIZON" branding throughout, complemented by North American maple wood and aerospace-grade aluminum trim [3]