Core Viewpoint - The official launch of the NIO battery swap station at Deqin Meili Snow Mountain marks the completion of the NIO Yunnan-Tibet battery swap route, enhancing connectivity for electric vehicle users in the region [1] Summary by Categories Infrastructure Development - The NIO Yunnan-Tibet battery swap route starts from Kunming, Yunnan, and spans over 2700 kilometers, connecting 19 battery swap stations along the way [1] - Key tourist cities such as Dali and Lijiang are linked by this route, with an average of one battery swap station every 142 kilometers [1] User Accessibility - Yunnan users can now travel from Kunming to the base camp of Mount Everest using battery swaps, showcasing the route's practicality for long-distance travel [1] - National users can rely on over 3670 NIO battery swap stations across the country to reach the Mount Everest base camp seamlessly [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 • 本公司於2025年12月交付48,135輛汽車，同比增長54.6% • 本公司於截至2025年12月止三個月交付124,807輛汽車，同比增長71.7% • 本公司於2025年總共交付326,028輛汽車，同比增長46.9% • 截至2025年12月31日，本公司累計汽車交付量達997,592輛 2025年12月、第四季度及全年交付更新資料 本公司創下月度及季度交付量新高紀錄 於2026年1月1日 － 全球智能電動汽車市場的先驅及領跑者蔚來集團（紐交所： NIO；港交所：9866；新交所：NIO）（「蔚來」或「本公司」）宣佈其於2025年12 月、第四季度及全年的交付結果。 本公司於2025年12月交付48,135輛汽車，創下月度新高，同比增長54.6%。有關 交付包括本公司旗下蔚來品牌的高端智能電動汽車31,897輛，本公司旗下樂道品 牌的家庭智能電動汽車9,154輛，以及本公司旗下螢火蟲品牌的智能 ...

Group 1 - In December 2025, NIO delivered a record 48,135 vehicles, marking a year-on-year increase of 54.6% [1] - For Q4 2025, NIO's total vehicle deliveries reached 124,807, a historical high with a year-on-year growth of 71.7% [1] - In 2025, NIO delivered a total of 326,028 vehicles, achieving a historical high and a year-on-year increase of 46.9% [1] Group 2 - From January 1, 2026, the vehicle purchase tax policy will change from exemption to a 50% reduction, benefiting battery-swappable models [2] - Customers using the BaaS battery rental scheme for NIO, Ladao, and Firefly models can save between 1,770 yuan and 9,558 yuan based on product prices [2]

Core Insights - NIO achieved a record delivery of 326,028 vehicles in 2025, marking a 46.9% year-on-year increase, with December alone contributing 48,135 vehicles, a 54.6% increase year-on-year [2] - The company reported significant growth across its brands, with NIO brand deliveries reaching 67,433 units in Q4, a 27.8% increase, while the other brands, Ladao and Firefly, saw even higher growth rates [2][3] Delivery Performance - In 2025, NIO brand delivered 178,806 vehicles, Ladao delivered 107,808 vehicles, and Firefly delivered 39,414 vehicles, contributing to a total cumulative delivery of 997,592 vehicles [3] - The new ES8 model achieved a remarkable delivery milestone of 22,256 units in December, setting a record for vehicles priced above 400,000 yuan [3] Battery Swap Network Development - NIO's battery swap network achieved a significant milestone with the completion of the Yunnan-Tibet route, featuring 19 battery swap stations along a 2,700 km stretch [4] - The company plans to add over 4,200 long-range battery packs in January, enhancing the user experience for NIO and Ladao customers [4] Policy Benefits - Starting January 1, 2026, the vehicle purchase tax policy will shift from exemption to a 50% reduction, benefiting users of battery swap models [4]

Group 1 - In December 2025, NIO delivered a record 48,135 vehicles, marking a year-on-year increase of 54.6% [1] - For Q4 2025, NIO's total vehicle deliveries reached 124,807, a historical high with a year-on-year growth of 71.7% [1] - In 2025, NIO delivered a total of 326,028 vehicles, achieving a historical high and a year-on-year increase of 46.9% [1] Group 2 - Starting January 1, 2026, the vehicle purchase tax policy will change from exemption to a 50% reduction, benefiting battery-swapping models [2] - Customers using the BaaS battery rental scheme for NIO, Ladao, and Firefly models can save between 1,770 yuan and 9,558 yuan based on product prices [2]

12月30日，蔚来美股开盘上涨逾7%。此前一日，蔚来全新ES8车型迎来第四万台新车交付。该车型自9 月21日启动交付以来，仅用时100天即实现四万台交付，创下中国市场40万元以上价位车型达成四万台 交付的最快纪录。全新ES8持续刷新交付速度，印证了蔚来"双旗舰大三排SUV"战略具备较强的市场竞 争力。蔚来创始人、董事长、CEO李斌此前表示，2026年全新ES8与乐道L90将共同处于热销周期，公 司计划再推出三款大型车型，届时将有五款大车同时在售。 本文源自：金融界资讯 行业数据同样显示大三排纯电SUV市场正加速成长。根据中汽协与乘联会最新零售数据，2025年11月， 纯电大三排SUV销量达46,209台，环比增长16%，创历史新高。自今年9月首次超越增程、燃油及插电 混动车型后，该细分市场销量已连续三个月位居各动力形式首位。用户偏好与市场表现共同表明，纯电 大三排SUV正步入高速发展期。 ...

Core Insights - NIO achieved a record high in vehicle deliveries in December 2025, with a total of 48,135 units delivered, representing a year-on-year increase of 54.6% [1] - The NIO brand alone delivered 31,897 units in December, also a record high, with a year-on-year growth of 54.8% [1] - NIO's vehicle deliveries have seen continuous growth for five consecutive months [1] - For the entire year of 2025, NIO delivered a total of 326,028 vehicles, marking a record high and a year-on-year increase of 46.9% [1]

Group 1 - NIO delivered a total of 326,028 vehicles in 2025, marking a year-on-year increase of 46.9%, achieving a historical high in annual deliveries [1] - Cumulative vehicle deliveries approached one million, reaching 997,592 units [1] - In December 2025, NIO delivered 48,135 vehicles, a year-on-year increase of 54.6%, with the NIO brand delivering 31,897 units, marking five consecutive months of growth [1] Group 2 - The fourth quarter of 2025 saw NIO deliver 124,807 vehicles, a year-on-year increase of 71.7%, with all three major brands setting new quarterly delivery records [1] - The new ES8 model delivered 22,256 units in December, setting a record for monthly deliveries of vehicles priced above 400,000 yuan [1] - NIO's battery swap network expanded with the completion of the Yunnan-Tibet route, featuring 19 battery swap stations along a 2,700-kilometer route, bringing the total number of battery swap stations to over 3,600 nationwide [2] Group 3 - NIO plans to add over 4,200 long-range battery packs to its battery swap system to meet travel demands [2] - Starting January 1, 2026, the vehicle purchase tax will be halved, allowing users who purchase vehicles using the BaaS battery rental scheme to save between 1,770 yuan and 9,558 yuan on tax costs, depending on the vehicle price [2]

Core Viewpoint - NIO achieved record vehicle deliveries in December 2025, with a total of 48,135 units delivered, marking a year-on-year increase of 54.6% [1] - For the entire year of 2025, NIO delivered a total of 326,028 vehicles, also a record high, representing a year-on-year growth of 46.9% [1] Summary by Category - **Vehicle Deliveries** - In December 2025, NIO delivered 48,135 new vehicles, setting a historical record [1] - The year 2025 saw total vehicle deliveries reach 326,028 units, another historical high [1] - **Year-on-Year Growth** - December 2025 deliveries increased by 54.6% compared to the same month in the previous year [1] - The total deliveries for 2025 grew by 46.9% year-on-year [1]

Core Insights - NIO Inc. achieved a record high of 48,135 vehicle deliveries in December 2025, representing a year-on-year increase of 54.6% [1] - The NIO brand delivered 31,897 vehicles, also a record high, with a year-on-year growth of 54.8%, marking five consecutive months of growth [1] - The total vehicle deliveries for NIO in 2025 reached 326,028 units, a historical high with a year-on-year increase of 46.9% [1] Delivery Performance - In Q4 2025, NIO delivered 124,807 vehicles, a record high with a year-on-year growth of 71.7% [1] - The NIO brand's Q4 deliveries were 67,433 units, up 27.8% year-on-year [1] - The Ladao brand saw a significant increase in Q4 deliveries, reaching 38,290 units, a year-on-year growth of 92.1% [1] - The Firefly brand delivered 19,084 vehicles in Q4, reflecting a quarter-on-quarter growth of 52.8% [1] Cumulative Deliveries - As of now, NIO has cumulatively delivered 997,592 vehicles, with the NIO brand accounting for 829,609 units [2] - The Ladao brand has delivered 128,569 vehicles, while the Firefly brand has delivered 39,414 units [2] Tax Policy Changes - Starting January 1, 2026, the vehicle purchase tax policy will change from exemption to a 50% reduction [2] - This new policy benefits battery-swappable models, allowing customers using the BaaS battery rental scheme for NIO, Ladao, and Firefly vehicles to enjoy additional tax savings ranging from 1,770 to 9,558 yuan [2]