Core Insights - The company plans to add 1,000 battery swap stations in 2026, bringing the total to over 4,600 by year-end [1][2] - In December, the company delivered 48,135 vehicles, marking a 54.6% year-on-year increase, with a total of 326,028 vehicles delivered in 2025, a 46.9% increase [4][6] - The company emphasizes the importance of technological innovation and infrastructure investment to maintain competitive advantages in the rapidly evolving electric vehicle market [1][9] Summary by Categories Delivery Performance - December deliveries reached 48,135 units, a historical high with a year-on-year growth of 54.6% [4] - In Q4, total deliveries were 124,807 units, also a historical high, with a year-on-year increase of 71.7% [4] - The three brands under the company achieved record quarterly deliveries, with the NIO brand delivering 67,433 units, a 27.8% increase [4] Infrastructure Development - The company has built 3,737 battery swap stations globally, providing over 96 million swap services [8] - The construction of high-speed battery swap stations has reached 1,010, connecting 550 cities nationwide [1][8] - Plans for 2026 include the construction of over 100 new battery swap routes [10] Strategic Focus for 2026 - The company will continue to invest in 12 core technologies for smart electric vehicles to ensure a leading technological advantage [2][10] - There will be a focus on expanding the sales and service network to cover over 210 prefecture-level cities [11] - The company aims to enter 40 countries and regions, with a focus on the global expansion of the firefly brand [11] Organizational Changes - The company is undergoing organizational changes to enhance operational efficiency and cost control [11] - Emphasis on creating business units focused on user value and efficient operations [11] - The company aims to strengthen its return on investment (ROI) awareness to ensure effective spending [11]

新浪科技讯 1月2日下午消息，蔚来创始人、董事长、CEO李斌发布全员信，公布了2025年的成绩，以 及对2026年的展望。 他表示，2025年蔚乐萤三品牌协同发力，共交付新车326， 028台，创历史新高，同比增长46.9%，重回 高速增长通道。"2025年，我们逐步走出谷底，公司进入发展的第三个阶段，开启了新一轮的高速增长 周期，但我们没有片刻放松的资格。2026年，我们要继续结硬寨，打呆仗，为当下和更长周期的发展夯 实底盘，积蓄力量。" 他认为，智能电动汽车产业的竞争已经进入决赛阶段，技术升级迭代的节奏会越来越快，市场竞争的压 力会越来越大。越是残酷的环境，越需要保持战略定力，不妄自菲薄，也不自欺欺人，保持初心，专注 行动。 对于2026年，李斌提出几点要求：继续围绕智能电动汽车12核心全栈技术投入，确保技术领先优势；投 入充换电基础设施建设，2026年全年计划新增1000座换电站，年底换电站总数超过4600座；加强销售服 务网络建设。蔚来、乐道和firefly萤火虫将在深耕重点市场的同时，联合布局下沉市场，完成对超过210 个地级市销售服务网络的覆盖；专注深耕中国市场，同时推进全球化布局，计划累计进入4 ...

"不妄自菲薄，也不自欺欺人，保持初心，专注行动" 文 丨 龚方毅 2026 年 1 月 1 日晚间，刚刚结束了滇藏换电贯通直播的蔚来创始人、董事长、CEO 李斌发布了一封 全员邮件。 他在信中肯定了蔚来过去一年取得的成绩。"谢谢大家在压力下没有退缩，用实际的成绩回馈了用户、 合作伙伴、股东和社会各界的信任与支持。" 2025 年，蔚来公司交付超过 32.6 万台新车，虽未能实 现四季度单月交付超 5 万的目标，但全年交付新车数创历史新高。 李斌说，过去一年公司进行了 "艰难但必要的组织变革"，通过加强全员经营意识和成本控制，才让体 系能力得以提升。他认为蔚来已逐步走出谷底。"纯电的黄金时代正在到来，" 李斌说，"市场正在证 明我们所选择的技术路线在正确的趋势和方向上。" 2025 年前 11 个月，国内新能源车销量超过六成是纯电，插混在经历了去年的超高增长后，受高基数 的影响，销量增速低于纯电以及新能源大盘。基于此，李斌乐观估计到 2030 年，国内新能源汽车渗 透率超过 90%、纯电占比将超过 80%。 展望 2026 年，"我们没有片刻放松的资格。" 他说，汽车行业的竞争已变成 " 3～5 个点效率差距的 ...

专题：2025《中国企业家》影响力企业家年会 12月5日-7日，由《中国企业家》杂志社主办的"2025（第二十三届）《中国企业家》影响力企业家年 会"（原中国企业领袖年会）在北京举行，主题为"涌现·无限——共创智能商业新形态"。蔚来创始人、 董事长、CEO李斌出席并演讲。 李斌表示，根据自己的经验，就是要坚持技术创新。他提到，蔚来11年来确实投了很多钱，主要投在技 术研发上，11年累计投入研发费用超过650亿元人民币，全球研发团队超过11000人，接近10000个项目 专利。蔚来在核心研发上持续坚定投入，每个季度的研发投入在30亿元人民币左右，去年是130亿，前 年是134亿，研发强度在所有车企里属于最高之一。 他强调，智能电动汽车是三个大的行业一起创新，这不是点上的创新，是体系的创新。他举例子表示， 蔚来今年搭载的智驾芯片，全球第一颗5纳米车规级芯片，晶体管超500亿颗，比英伟达旗舰芯片更早完 成流片、量产、上车与全链路打通。同时，蔚来自研的整车全域操作系统可管理车上所有芯片，从最小 的芯片到"神玑"这样的大芯片。这两项核心研发历时4年，"有芯有魂"，相当于整车"神经系统"全部是 自己做的。 此外，天行底盘 ...

Core Points - NIO officially launched its flagship SUV, the L90, which aims to address space experience pain points for three-row SUV users, emphasizing that "every seat is VIP" [1] - The starting price for the L90 is expected to be under 300,000 yuan, with the previous model, L60, achieving over 52,000 deliveries [1] - NIO has invested over 18 billion yuan in charging and battery swap infrastructure over the past decade [3] Group 1: Product Features - The L90 features an ultra-large space design, with effective legroom exceeding 1 meter for each row, accommodating tall individuals comfortably [4] - The vehicle's innovative design includes a battery pack thickness of only 116mm and significant reductions in the size of components, enabling breakthrough innovations [4] Group 2: Market Position and Infrastructure - NIO has become the car manufacturer with the most self-built charging stations in China, with 83% of its charging capacity open to other brands [2] - The company has completed its plan for 1,000 highway battery swap stations, connecting 550 cities across the country [2] Group 3: Safety and Testing - The L90 successfully passed extreme accident scenario tests, including high-speed rear-end collisions and extreme rollover tests [5]

Core Viewpoint - Shenzhen Youyou Green Energy Co., Ltd. plans to raise funds through a public offering of up to 10.5 million shares, with the total amount depending on the actual issuance and pricing, to support projects related to its main business [1] Fund Utilization - The total investment for the charging module production base project is 272.8237 million yuan, with a construction period of 18 months, aimed at expanding and upgrading production capacity to meet market demand [1][2] - The company aims to enhance production capacity and reduce reliance on external suppliers by establishing an automated production line, which will also help mitigate production risks and support future performance growth [2][4][5] Business Growth - The company has experienced rapid growth, with a compound annual growth rate of 78.74% in revenue from 2021 to 2023, driven by increasing demand for charging modules and the expansion of the industry [2] - The company is actively seeking reliable external suppliers while also expanding its own production capabilities to meet the growing order demands [2][4] Product Development - The company emphasizes technological innovation and has increased R&D investment, launching new products such as the 40KW ultra-high power charging module and the independent air duct 30KW charging module, which have received positive market feedback [2][4][6] - The company plans to enhance its R&D capabilities by establishing a new headquarters and R&D center, which will improve working conditions and support the development of new technologies and products [11][12] Quality Management - The company has implemented a comprehensive quality management system certified by ISO9001:2015, ensuring high-quality product delivery through strict control processes [5][6] - The company has established strong relationships with suppliers, ensuring a stable supply of raw materials necessary for production [9] Environmental Considerations - The project will generate waste, including wastewater, waste gas, and solid waste, with specific measures in place for treatment and management to minimize environmental impact [10][11] Financial Strategy - The company plans to allocate 160 million yuan from the raised funds to supplement working capital, addressing the increasing operational needs due to business expansion [16][17] - The company aims to optimize its capital structure and reduce financial leverage through this funding, which will positively impact its financial performance [17]