Core Insights - Li Auto delivered 44,246 vehicles in December 2025, with a total of 109,194 vehicles delivered in Q4 2025, and a cumulative delivery of 1,540,215 vehicles as of December 31, 2025 [2] Group 1: Business Milestones - Li Auto became the first new force brand in China to surpass 1.5 million cumulative deliveries [2] - The company launched its main models, Li L9, Li L7, and Li L6, in Egypt, Kazakhstan, and Azerbaijan, marking its expansion into key markets across Central Asia, the Caucasus, and Africa [2] - The company officially released the Livis AI glasses, receiving positive feedback from users due to its advanced technology and practical experience [2] Group 2: Future Outlook - The CEO expressed gratitude to users and partners, emphasizing a focus on value creation and enhancing user experience in 2026 [2] Group 3: Infrastructure Development - As of December 31, 2025, Li Auto had established 548 retail centers covering 159 cities, and 561 after-sales service and authorized repair centers covering 224 cities [2] - The company has deployed 3,907 Li Supercharging stations with a total of 21,651 charging piles across the country [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]

2025年全年，蔚来公司共交付新车326,028台，创历史新高，同比增长46.9%。其中，蔚来品牌共交付 178,806台。乐道品牌共交付107,808台。firefly萤火虫品牌交付39,414台。 截至目前，蔚来公司已累计交付新车997,592台。其中，蔚来品牌累计交付新车829,609台；乐道品牌累 计交付新车128,569台；firefly萤火虫品牌累计交付新车39,414台。 从2026年1月1日起，车辆购置税优惠政策将由免征调整为减半征收。新政利好可车电分离的换电车型， 用BaaS电池租用方案买蔚来、乐道、firefly萤火虫车型，可享额外购置税减免。依据产品价格，分别可 节省1,770元至9,558元不等。 经济观察网 2025年12月，蔚来公司交付新车48,135台，创历史新高，同比增长54.6%。其中，蔚来品牌 交付31,897台，创历史新高，同比增长54.8%，交付量连续五个月增长；乐道品牌交付新车9,154台； firefly萤火虫品牌交付新车7,084台，创历史新高，环比增长16.4%，交付量连续五个月增长。 2025年第四季度，蔚来公司交付新车124,807台，创历史新高，同比增长7 ...

2025年，小鹏充电自营网络实现跨越式增长，全年新增自营站点超1,100座；截至 2026年1月1日，小鹏 充电自营站总数正式突破3,000座，达成关键发展里程碑。 近期，由小鹏汽车与北京大学计算机科学学院多媒体信息处理国家重点实验室，联合完成的论文 《FastDriveVLA》被AAAI 2026录用，该会议是人工智能领域极具影响力的国际顶级学术会议之一。该 论文提出了一种专门为端到端自动驾驶VLA模型定制的、高效的视觉Token剪枝框架—— FastDriveVLA。 据悉，小鹏第二代VLA模型将在2026年第一季度正式推送，率先在Ultra车型落地，2026款小鹏P7+、G7 也将搭载第二代VLA。2025年12月29日，2026款小鹏P7+官宣将在全球36个国家同步发布。12月30日， 小鹏G7超级增程以1704公里全球最长续航+430公里同级领先纯电续航，重新定义下一代增程新高度。 记者同时从公司获悉，不久之后，小鹏汽车即将举办新年第一场发布会，发布2026款小鹏P7+和小鹏G7 车型，开启"一车双能"。 1月1日，小鹏汽车公布最新交付成绩：2025年1—12月，小鹏汽车累计交付新车共429,445 ...

Core Insights - The company, Wenjie, achieved a record delivery of over 57,000 new vehicles in December 2025, leading the high-end electric vehicle market with total annual deliveries surpassing 420,000 units [1] - Since its launch, Wenjie has delivered over 970,000 new vehicles, establishing itself as a significant player in the Chinese new energy market [1] Group 1: Product Launches and Market Position - In 2025, Wenjie launched several models including the Wenjie M9 2025 version, the Wenjie M8 range extender and electric version, and the all-new Wenjie M7, enhancing its product lineup and driving strong sales growth [3] - The Wenjie M9, positioned as a "panoramic smart flagship SUV," has maintained the top sales position in the luxury SUV segment priced above 500,000 yuan for 20 consecutive months, with over 260,000 units delivered since its launch [3] - The Wenjie M8, marketed as a "family smart flagship SUV," has delivered over 150,000 units within 8 months of its launch, quickly capturing the high-end SUV market priced at 400,000 yuan [4] - The Wenjie M7, referred to as the "national SUV happiness flagship," has delivered over 370,000 units since its launch in September 2025, recognized as a value choice in the 300,000 yuan SUV segment [4] Group 2: Service Expansion and Future Outlook - Wenjie is actively expanding its offline service network, adding over 80 user centers in 2025, resulting in nearly 400 centers across more than 200 cities nationwide [6] - The company employs smart measures such as remote diagnostics and OTA upgrades to enhance user experience and care [6] - Looking ahead to 2026, Wenjie aims to uphold its "smart reshaping luxury" philosophy, focusing on user-centric approaches and the integration of smart technology, while continuously leading the high-end new energy vehicle market in China [6]

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。 ...

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]

截至目前，多家新能源汽车厂商公布了2025年12月及全年交付数据： 1、理想汽车：12月交付44246辆 汽车，第四季度交付量总计109194辆。截至2025年12月31日，理想汽车累计交付量已达1540215辆。 2、蔚来：2025年12月交付48135辆汽车，同比增长54.6%；第四季度交付124807辆汽车，同比增长 71.7%。2025年全年，蔚来公司共交付新车326,028台，创历史新高，同比增长46.9% 3、小鹏汽车： 2025年12月交付37508辆汽车，同比增长2%；2025年交付429445辆汽车，同比增长126%。 4、小米汽 车：12月，小米汽车交付量超过5万台。 5、零跑汽车：12月，零跑全系交付达60423台，同比增长 42%；2025年全年交付达596555台、同比增长103%。 6、极氪：2025年12月交付新车30267台，创历史 新高，同比增长11.3%。2025全年极氪总计交付224133台。 7、岚图汽车：2025全年累计交付150169 辆，实现"十连涨"，同比增长87%。 8、鸿蒙智行：全年累计交付 589107 台，年同比增长 32%；12 月 单月交付 8961 ...

2025年全年，蔚来公司共交付新车326,028台，创历史新高，同比增长46.9%。其中，蔚来品牌共交付 178,806台。乐道品牌共交付107,808台。firefly萤火虫品牌交付39,414台。 截至目前，蔚来公司已累计交付新车997,592台。其中，蔚来品牌累计交付新车829,609台;乐道品牌累计 交付新车128,569台;firefly萤火虫品牌累计交付新车39,414台。 智通财经APP获悉，2025年12月，蔚来公司(09866)交付新车48,135台，创历史新高，同比增长54.6%。 其中，蔚来品牌交付31,897台，创历史新高，同比增长54.8%，交付量连续五个月增长;乐道品牌交付新 车9,154台;firefly萤火虫品牌交付新车7,084台，创历史新高，环比增长16.4%，交付量连续五个月增长。 从2026年1月1日起，车辆购置税优惠政策将由免征调整为减半征收。新政利好可车电分离的换电车型， 用BaaS电池租用方案买蔚来、乐道、firefly萤火虫车型，可享额外购置税减免。依据产品价格，分别可 节省1,770元至9,558元不等。 2025年第四季度，蔚来公司交付新车124,807台， ...