晚点独家丨李斌定调 2026：继续 “结硬寨，打呆仗”，没有片刻放松的资格

Core Viewpoint - NIO has achieved significant milestones in 2025, delivering over 326,000 vehicles, marking a historical high, despite not meeting the quarterly target of 50,000 units. The company is optimistic about the future of electric vehicles, anticipating a market penetration of over 90% for new energy vehicles by 2030, with pure electric vehicles accounting for over 80% of that market [4][5][11]. Group 1: Company Performance - In 2025, NIO delivered a total of 326,028 vehicles, a year-on-year increase of 46.9%, indicating a return to a high growth trajectory [8]. - The NIO ES8 and the L90 model have set records in their respective categories, with the ES8 delivering 22,256 units in December alone, and the L90 becoming the top-selling large pure electric SUV [8]. - The company has built 3,737 battery swap stations globally, providing over 96 million battery swap services, which enhances user convenience and supports sales growth [9]. Group 2: Strategic Outlook - The automotive industry is entering a phase of intense competition, where operational efficiency will be crucial for survival. NIO emphasizes the need for strategic focus and resilience in the face of challenges [7][11]. - NIO plans to continue investing in its core technologies and infrastructure, with a goal of constructing over 1,000 new battery swap stations in 2026, aiming to reach a total of over 4,600 stations by year-end [12]. - The company is set to launch three new models in 2026, aiming to strengthen its market share in the high-end vehicle segment [12]. Group 3: Market Trends - As of November 2025, pure electric vehicles accounted for 61.9% of the new energy vehicle market, significantly outpacing hybrid and plug-in models [11]. - The anticipated growth in the electric vehicle market is supported by advancements in technology and infrastructure, which are expected to enhance user experience and drive adoption [11].