文 | 导报财经组 继去年下半年广州多家蔚来汽车"牛屋"关闭后，近期，山东省会济南也传出了蔚来在该城的首座"牛 屋"已停业的消息。 文 | 导报财经组 近日，有读者反映，位于济南老城区核心商圈宽厚里的蔚来中心已闭店一段时间。1月28日，记者来到 位于该门店所在的宽厚里东南角，发现该门店原址外围已被围挡遮住，围挡均绘制有名创优品的图案， 显示这里未来不久将会变为名创优品门店。 据了解，蔚来中心也叫作"牛屋（NIO House）"，是蔚来汽车打造的线下用户体验空间，定位于为用户 提供集展厅、办公、休闲、社交等功能于一体的"第三空间"，该空间包含共享办公、阅读区、特饮吧等 功能区，与侧重销售功能的蔚来空间（NIO Space）形成互补。 公开报道显示，蔚来中心2022年8月6日在济南宽厚里开业，这也是蔚来在济南的首座牛屋，该门店位于 宽厚里东南角，与济南著名景点黑虎泉仅一街之隔，周边人流客流密集。另据公开信息，蔚来济南"牛 屋"还曾获得《Interior Design》2023年度最佳设计奖的最佳汽车展厅奖。 记者在蔚来中心官网搜索济南区域情况，显示这座"牛屋"目前已搜索不到，对于为何关闭，记者联系了 蔚来服务热线 ...

汽车驾驶辅助系统领域首个强制性国家标准发布 据工业和信息化部，强制性国家标准《轻型汽车自动紧急制动系统技术要求及试验方法》（GB 39901 —2025），将于2028年1月1日正式实施。 岚图汽车以介绍方式在香港联合交易所上市获中国证监会备案 1月28日，中国证监会国际合作司发布关于岚图汽车科技股份有限公司境外发行上市备案通知书，公司 以介绍方式在香港联合交易所上市。 蔚来世界模型NWM新版本正式推送，新增城区领航换电功能 1月28日，蔚来宣布"蔚来世界模型NWM"新版本正式开启推送，首批将为超过46万辆"Banyan榕"车型推 送。新版本新增城区领航换电功能，可支持全国超过2000座二代及以上城区换电站。 雷军：小米SU7 Ultra将正式入驻GT7 1月28日，雷军发文称，北京时间1月29日14:00，小米SU7 Ultra将正式入驻《Gran Turismo 7/跑车浪漫旅 7》。这是首台在GT游戏里上线的中国品牌车型。 东风纳米06海外版车型在哥斯达黎加上市 1月28日，据东风汽车消息，东风VIGO（纳米06海外版）上市活动暨大客户签约仪式于近日在哥斯达黎 加首都圣何塞东风展厅举行，现场获270辆终 ...

Core Insights - Rivian Automotive, Inc. (RIVN) and NIO Inc. (NIO) are both electric vehicle (EV) manufacturers with different market strategies and geographic focuses [1] - Rivian operates primarily in the U.S. with a direct-to-consumer sales model, while NIO focuses on the Chinese market and is expanding into Europe and Asia [1] Rivian Overview - Rivian's vehicle deliveries decreased to 42,247 in 2025 from 51,579 in 2024, with production also down to 42,284 units from 49,476 [6] - The company is producing validation units of the R2 electric SUV, expected to start at around $45,000, aiming for customer deliveries in the first half of the year [7] - Rivian anticipates that the R2 launch will enhance profitability and reduce fixed costs per unit due to higher production volumes [10] - A significant investment from Volkswagen, up to $5.8 billion by 2027, is expected to bolster Rivian's financial outlook and support the R2 model development [11] - Rivian's material costs for the R2 are projected to be nearly 50% lower than the R1 models, contributing to improved profitability [12] - Rivian's cash balance decreased to $7.1 billion at the end of Q3 2025, with a high capital expenditure forecast of $1.8-$1.9 billion [13] NIO Overview - NIO delivered 326,028 vehicles in 2025, a 46.9% increase year-over-year, with Q4 deliveries reaching 124,807, up 71.7% [14] - A strategic partnership with Contemporary Amperex Technology Co., Ltd. aims to develop advanced long-life battery technologies, enhancing customer value [15] - NIO's vehicle margins improved to 14.7% in Q3 2025 from 13.1% in Q3 2024, with plans to launch three new large SUV models in 2026 [16] - NIO's SG&A expenses increased by 1.8% year-over-year, which may impact margins due to rising operational costs [17] - NIO's total debt-to-capitalization ratio stands at 79.8%, indicating higher leverage compared to Rivian's 46.6% [18] Valuation and Investment Outlook - NIO trades at a more attractive price-to-sales multiple than Rivian, suggesting a more reasonable stock price [19] - Despite cash burn and high capital spending, Rivian is viewed as a more compelling investment opportunity due to its upcoming R2 launch and stronger balance sheet [20] - NIO's strong growth is tempered by competitive pressures in the Chinese market and high operating expenses [21] - Both companies currently hold a Zacks Rank 3 (Hold), but Rivian is seen as the stronger choice for investors focused on financial resilience and long-term margin expansion [22]

格隆汇1月28日｜纳斯达克中国金龙指数涨超1%，新东方涨10.50%，1药网涨4.76%，蔚来涨3.61%，哔 哩哔哩涨4.44%，理想汽车涨3.85%。 ...

凤凰网科技讯1月28日，蔚来智能驾驶研发负责人马麟在微博向用户同步最新进展，明确表示："给 ET9、全新ES8、新5566车型的用户汇报下，今天Cedar和Cedar S的1.4.0版本已经送备案了，通过后就推 送。"此举显示蔚来在推进智能驾驶全域升级的同时，正细致推进不同平台车型的版本迭代。 蔚来强调，其超前预埋的高算力硬件(如Banyan平台算力达1016TOPS)为持续软件升级提供了基础。搭 载自研5nm智驾芯片NX9031的Cedar系列车型，正陆续获得最新技术赋能。马麟亦在微博邀请用户到店 体验最新版本世界模型，并积极反馈建议。 同日，蔚来官方宣布，"蔚来世界模型(NWM)"全新版本已正式开启大规模推送。首批覆盖超过46万辆 搭载Banyan智能系统的车型。而马麟提及的Cedar及Cedar S平台车型，其对应的世界模型新版也在加紧 落地进程中。 本次升级的核心是"世界模型+闭环强化学习"技术架构。官方称，新版本实现了城区与高速领航辅助的 全面模型化，显著提升了车道选择、动态博弈与车辆控制的类人化水平，并新增了"城区领航换电"功 能，可自动衔接全国超2000座换电站。 ...

Group 1 - U.S. Chinese concept stocks showed mixed performance in pre-market trading, with Bilibili rising by 4% [1] - Xpeng Motors, Li Auto, and NIO each increased by 3% [1] - Alibaba's stock saw a 2% increase [1]

Group 1: Domestic News - The UK Prime Minister Starmer will visit China from January 28 to 31, marking the first visit by a UK Prime Minister in eight years, with discussions on trade and investment cooperation expected [2] - The Ministry of Human Resources and Social Security plans to expand the scale of entrusted investment of the basic pension insurance fund, with the total income of three social insurance funds reaching 9.1 trillion yuan and total expenditure at 8.1 trillion yuan by the end of 2025 [2] - By the end of 2025, the loan acquisition rate for technology-based small and medium-sized enterprises reached 50.2%, an increase of 2 percentage points from the previous year [3] Group 2: Economic Indicators - The profits of industrial enterprises above designated size in China increased by 0.6% year-on-year in 2025, reversing a three-year decline, with significant contributions from equipment manufacturing and high-tech industries [3] - Jilin Province has successfully exited the list of key local debt provinces, achieving the standards set in its 14th Five-Year Plan [4] Group 3: International News - The Federal Reserve is expected to pause interest rate cuts for the first time since September, maintaining the benchmark rate between 3.5% and 3.75% [5] - India and the EU have finalized a historic free trade agreement, with India agreeing to eliminate tariffs on over 90% of EU goods, marking a significant shift in trade relations [6] Group 4: Market Dynamics - The bond market showed fluctuations with the stock market's performance, as the yield on the 10-year government bond rose by 0.70 basis points to 1.8320% [11] - The convertible bond market saw a collective increase in major indices, although most individual convertible bonds experienced declines, with 162 bonds rising and 207 falling [14] Group 5: Commodity Prices - International crude oil prices increased, with WTI crude rising by 2.90% to $62.39 per barrel, while natural gas prices saw a slight decline [7] Group 6: Financial Operations - The central bank conducted a reverse repurchase operation of 402 billion yuan at a fixed rate, resulting in a net injection of 78 billion yuan into the market [8] - The money market showed improvement with the DR001 rate decreasing by 5.00 basis points to 1.367% [9]

January 27, 2026 08:43 AM GMT NIO Inc. | Asia Pacific Key takeaways from meeting with NIO's Founder Key Takeaways NIO's founder reiterated that deliveries can achieve a 40-50% CAGR over the next two years, implying 456-489k units in 2026, underpinned by new models, including ES9, ES7, and Onvo L80. Management said the ES9 would be key to higher margins, potentially exceeding Rmb100k profit per unit, given its high ASP above Rmb500k, which would enable it to compete against models like BMW X5, Mercedes GLE, ...

新版本还新增了"城区领航换电"功能，可支持全国超过2000座二代及以上换电站，实现在城区场景下从 领航驾驶到自动换电的衔接。蔚来表示，其高算力硬件(如Banyan平台算力达1016TOPS)为此次模型升 级提供了支撑。 根据规划，蔚来将在2026年继续加大云端训练算力投入，以加快智能辅助驾驶功能的迭代速度。 该新版本重点提升了全域领航辅助的基础行车能力，为用户提供选道准、博弈强、控车稳的行车体验， 安心与效率兼顾。同时，其优化了跟随导航路线的车道选择能力、避让车流及动态选道能力，并新增效 率换道。连续路口的合理选道能力、路口通过能力、道路行驶的通行效率，都得到了大幅提升。 此外，该版本能够积极根据车流博弈找空变道，变道更果断、更顺畅。同时，优异的窄路表现也得到了 延续，在人车混行中既能留足安心感，也能找到空隙高效通行。 凤凰网科技讯1月28日，蔚来汽车正式推送"蔚来世界模型NWM"全新版本。首批更新覆盖超过46万辆搭 载"Banyan榕"系统的车型，而"Cedar雪松"及"Cedar S雪松"车型也将在近期获得推送。 此次升级的核心是采用了"世界模型+闭环强化学习"的研发范式。据称，该系统可将城区与高速领航辅 ...

每经AI快讯，1月28日，蔚来宣布"蔚来世界模型NWM"新版本正式开启推送，首批将为超过46万 辆"Banyan榕"车型推送，"Cedar雪松"车型及"CedarS雪松"车型也将于近期开启推送。 ...