消息面上，据《21汽车·一见Auto》独家获悉，10月17日下午，蔚来召开了一次内部会议，会上，蔚来 创始人、董事长、CEO李斌分享了2025年四季度的个人VAU。此次会议上，李斌再次表示，四季度盈 利目标必须实现。李斌将这一目标拆解为三项具体行动：做好重点车型营销、供应链保供与降本、按时 交付高质量软件版本。 今年9月，蔚来公司交付新车34,749台，创下月度新纪录，同比增长64%。其中，蔚来品牌交付新车 13,728台；乐道品牌交付新车15,246台；firefly萤火虫品牌交付新车5,775台。开源证券此前指出，L90、 ES8有望驱动2025H2销量势能反转、2025Q4或为销量拐点。 蔚来-SW(09866)盘中涨超5%，截至发稿，涨4.77%，报52.75港元，成交额1.59亿港元。 ...

今年9月，蔚来公司交付新车34,749台，创下月度新纪录，同比增长64%。其中，蔚来品牌交付新车 13,728台；乐道品牌交付新车15,246台；firefly萤火虫品牌交付新车5,775台。开源证券此前指出，L90、 ES8有望驱动2025H2销量势能反转、2025Q4或为销量拐点。 智通财经APP获悉，蔚来-SW(09866)盘中涨超5%，截至发稿，涨4.77%，报52.75港元，成交额1.59亿港 元。 消息面上，据《21汽车·一见Auto》独家获悉，10月17日下午，蔚来召开了一次内部会议，会上，蔚来 创始人、董事长、CEO李斌分享了2025年四季度的个人VAU。此次会议上，李斌再次表示，四季度盈 利目标必须实现。李斌将这一目标拆解为三项具体行动：做好重点车型营销、供应链保供与降本、按时 交付高质量软件版本。 ...

Core Viewpoint - NIO's CEO Li Bin emphasized the necessity of achieving profitability in the fourth quarter of this year, outlining three critical actions to ensure this goal is met [1] Group 1: Key Actions for Profitability - The first action is to enhance marketing efforts for key vehicle models [1] - The second action focuses on ensuring supply chain stability and cost reduction [1] - The third action involves timely delivery of high-quality software versions [1]

21世纪经济报道记者 郑植文 焦文娟 《21汽车·一见Auto》独家获悉，10月17日下午，蔚来召开了一次内部会议，会上，蔚来创始人、董事 长、CEO李斌分享了2025年四季度的个人VAU（Vision Action Upgrade）。 "会议的目标和气氛非常明确，就是为冲刺四季度盈利目标吹响冲锋号。"一位参会蔚来员工说。 这是蔚来每季度初举行的小范围季度会议，参会范围为一定职级以上的中高层人员。VAU源自蔚来价 值观里的"Vision"与"Action"，是蔚来特色的目标和过程管理工具，每个季度开启时，李斌会对上一季 度VAU成果进行复盘，并和公司各业务负责人同步下一季度的VAU目标。 近一年来，李斌在多个场合反复公开称，蔚来2025年第四季度必须实现单季度盈利。如今，距离交卷时 刻还有七十余天。 先回顾一下上个季度的VAU，V1是高质量交付，我们整体执行上做得还不错。 三季度我们干的活不少，L90和ES8上市，发布会就开了好几场，很多都是极限操作。各个部门都挺拼 的，展现了整个公司的战斗力。 在用户发展和运营范式方面，我认为三季度也还是有持续的进展。整个乐道团队，L90整体上稳单的水 平进步不少。蔚来这边 ...

的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 格隆汇10月20日｜港股科技股全线高开，恒生科技指数高开近4%。其中，网易涨超6%，携程集团、百 度集团、京东集团涨超5%，ASMPT、阿里巴巴、京东健康、舜宇、蔚来、快手、海尔智家(600690)、 哔哩哔哩涨超4%，中芯国际、华虹半导体、金蝶国际、商汤、地平线机器人、小鹏汽车、美团、比亚 迪(002594)电子、阿里健康涨超3%，腾讯涨2.6%。 (责任编辑：宋政 HN002) ...

每经AI快讯，10月20日，港股热门科技股普遍上涨，网易涨超6%，百度集团、京东集团涨超5%，快 手、蔚来、哔哩哔哩涨超4%，中芯国际涨超3%。 ...

IT之家 10 月 20 日消息，据"21 世纪经济报道"，10 月 17 日下午，蔚来召开了一次内部会议，会上，蔚来创始人、董事长、CEO 李斌分享了 2025 年四季度 的个人 VAU（Vision Action Upgrade）。 参会的蔚来员工透露，会议目标、气氛非常明确，就是为冲刺四季度盈利目标吹响冲锋号。此次会议上，李斌再次表示，四季度盈利目标必须实现，他将这 一目标列为了个人四季度 VAU 的第一条。"这是我们整个团队证明我们的运营效率、经营能力必须要交出的答卷。" 其提到，今年四季度的供应链非常重要。全新 ES8 的需求好于先前的预期，12 月份全新 ES8 的产能要做到一个月 1.5 万台以上。 李斌透露，今年 Q4 除了乐道 L60 就没有新车发布了，但软件一定要按时、高质量交付。同时他还提出制定"3 年经营计划"，"如果今年有什么要总结反思的 地方，我认为在体系能力提升上是有一些进步，但还需要再提升。去年我们体系能力是想得非常清楚的，但事实上我们今年很多动作搞得还不够狠。" 李斌在会议上提出，四季度就是要把过去两年关于组织能力、体系能力的思考和实践，阶段性地总结好、固化，变成真正的组织能 ...

Core Insights - NIO aims to achieve quarterly profitability by Q4 2025, emphasizing the importance of operational efficiency and long-term sustainability [3][4][7] - The company plans to focus on three key actions: enhancing marketing for key models, ensuring supply chain stability and cost reduction, and delivering high-quality software on time [4][8][10] Company Strategy - NIO's internal meeting highlighted the urgency to meet the Q4 profitability target, which is seen as a critical milestone for the company's operational capabilities [3][4] - The CEO reiterated that profitability is fundamentally about selling more cars rather than merely cutting costs, indicating a shift towards revenue generation [6][10] Operational Focus - The company has set specific goals for Q4, including maximizing vehicle deliveries, particularly for the new ES8 model, to capitalize on anticipated high demand before tax adjustments in Q1 [8][9] - NIO is confident in its supply chain capabilities, aiming to ramp up production of the new ES8 to 15,000 units per month by December [9] Organizational Development - NIO is working on a three-year operational plan to enhance its organizational capabilities and align short-term actions with long-term goals [12][16] - The company emphasizes the importance of developing a robust organizational capability to adapt to market changes and improve efficiency [13][15] Market Positioning - NIO's strategy includes leveraging its charging and battery swap infrastructure to strengthen its market position and enhance user experience [6][10] - The company aims to maintain a competitive edge by focusing on high-quality software delivery and user satisfaction, which are critical for brand loyalty and market share [10][12]

德系车"三巨头"交出了惨淡的半年报后，苦日子似乎还远未到头。 《21汽车·一见Auto》独家获悉， 10月17日下午，蔚来召开了一次内部会议，会上，蔚来创始 人、董事长、CEO李斌分享了2025年四季度的个人VAU（Vision Action Upgrade）。 记者丨 郑植文 焦文娟 编辑丨刘雪莹 "会议的目标和气氛非常明确，就是为冲刺四季度盈利目标吹响冲锋号。" 一位参会蔚来员工 说。 这是蔚来每季度初举行的小范围季度会议，参会范围为一定职级以上的中高层人员。VAU源自 蔚来价值观里的"Vision"与"Action"，是蔚来特色的目标和过程管理工具，每个季度开启时， 李斌会对上一季度VAU成果进行复盘，并和公司各业务负责人同步下一季度的VAU目标。 近一年来，李斌在多个场合反复公开称，蔚来2025年第四季度必须实现单季度盈利。如今， 距离交卷时刻还有七十余天。 此次会议上，李斌再次表示， 四季度盈利目标必须实现 ，他将这一目标列为了个人四季度 VAU的第一条。"这是我们整个团队证明我们的运营效率、经营能力必须要交出的答卷。" 李斌同时也强调，四季度盈利"不是为了做给别人看，而是我们整个公司实现长期可持续 ...

Investment Rating - The report maintains a positive investment rating for the automotive and automotive parts industry, highlighting potential growth opportunities in the sector [6]. Core Insights - The automotive industry is experiencing a sequential increase in sales and favorable cost conditions, with a notable rise in both total and new energy vehicle sales in Q3 2025 [2][3]. - The report emphasizes the importance of intelligent and globalized breakthroughs in the automotive sector, recommending key players such as Geely, Xpeng, Li Auto, BYD, and Xiaomi Group [4][5]. Summary by Sections 0.1 Passenger Vehicles - Total passenger vehicle sales in Q3 2025 reached 7.686 million units, representing a year-on-year increase of 14.7% and a quarter-on-quarter increase of 8.1% [11][24]. - New energy passenger vehicle sales were particularly strong, with 4.024 million units sold, up 24.2% year-on-year and 10.9% quarter-on-quarter, achieving a penetration rate of 52.4% [11][24]. - The report notes a stable pricing environment, with discounts remaining consistent compared to previous months [25]. 0.2 Auto Parts - The auto parts sector is benefiting from a decrease in raw material costs and shipping fees, which is expected to alleviate cost pressures for companies [3][45]. - Key raw materials such as polypropylene and hot-rolled coil prices have seen significant declines, contributing to improved margins for auto parts manufacturers [45]. 0.3 Heavy Trucks - The heavy truck market is experiencing a boost due to the implementation of trade-in subsidy policies, with wholesale sales reaching 282,000 units in Q3 2025, a year-on-year increase of 58.1% [3]. - New energy heavy truck sales surged by 181.5% year-on-year, indicating strong demand in this segment [3]. 0.4 Motorcycles - The report forecasts a total of 258,000 units for mid-to-large displacement motorcycles in Q3 2025, reflecting an 18.9% year-on-year increase [4]. - Export sales for motorcycles are also strong, with a 50.5% year-on-year increase, driven by growth in the 500-800cc segment [4]. 1.1 Weekly Insights - The automotive sector's performance has been weaker than the overall market, with a 6.1% decline in the A-share automotive sector during the week of October 13-17, 2025 [2]. - The report suggests focusing on key companies such as Geely, Xpeng, and BYD for potential investment opportunities [2][4]. 1.2 Intelligent Electric Vehicles - The report highlights the accelerating growth of intelligent electric vehicles, recommending companies involved in smart driving and smart cockpit technologies [4]. 1.3 Robotics - The report notes the entry of leading companies into the robotics sector, indicating a new era of embodied intelligence [4]. 1.4 Liquid Cooling - The demand for AI is driving the need for higher power density in liquid cooling solutions, positioning it as a necessary choice for high-density applications [4]. 1.5 Motorcycles - The report identifies a trend towards consumer upgrades in the motorcycle segment, recommending leading companies in the mid-to-large displacement category [4]. 1.6 Heavy Trucks - The expansion of trade-in subsidy policies is expected to stimulate demand for medium and heavy trucks, contributing to market recovery [4]. 1.7 Tires - The report emphasizes the ongoing acceleration of globalization in the tire industry, recommending leading and high-growth companies [4].