在电话会上，李斌还表示，2026年，蔚来品牌会推出ES7和ES9两款新车，加上乐道L80，蔚来公司明年会有三款新的大SUV车型交付。此外， 5566车型由于今年已经进行了多项升级，所以不会有年度改款。 （校对/黄仁贵） 9月2日，在蔚来第二季度财报电话会议上，蔚来董事长、CEO李斌称，蔚来预计第四季度月销量将达到5万辆以上。其中，预计蔚来月销量2.5万 辆以上，乐道三款车月销辆2.5万辆。 资料显示，8月，蔚来交付新车31,305台，同比增长55.2%，创历史新高。其中，蔚来品牌交付新车10,525台；乐道品牌交付新车16,434台；firefly 萤火虫品牌交付新车4,346台。同时，2025年第二季度蔚来的汽车交付量为72056辆，同比增长25.6%，环比增长71.2%；第三季度交付量指引为 87000至91000辆。 关于产能，李斌表示，对于乐道L90希望10月份能够做到全供应链15000辆的产能；对于ES8希望在12月份能够做到15000辆的单月全供应链产能。 针对今年的需求和供应情况，公司目前的目标是今年四季度平均每个月能做到5万辆的交付量，也就是说四季度能够超过15万辆的交付量。 ...

【#蔚来明年将推出三款大SUV#】9月2日，蔚来创始人、董事长、CEO李斌在2025年二季度财报电话会 上表示，蔚来品牌明年会推出两款大SUV，一款是ES9，一款是大五座SUV ES7，加上乐道L80，公司 明年会有三款新的大SUV车型交付。#李斌称乐道L90订单超预期##李斌称蔚来目标四季度月交付5万台 # ...

（文章来源：北京商报） 9月2日，蔚来创始人、董事长、CEO李斌在2025年二季度财报电话会上表示，蔚来品牌2026年将推出两 款大SUV ，一款是ES9，另一款是大五座SUV ES7，加上乐道L80，公司明年将有 3 款新的大SUV车型 交付。 ...

凤凰网科技讯 9月2日，蔚来创始人、董事长、CEO李斌在2025年二季度财报电话会上表示，蔚来品牌 明年会推出两款大SUV，一款是ES9，一款是大五座 SUV ES7。加上乐道L80，公司明年会有三款新的 大SUV车型交付。 ...

Core Insights - NIO Inc. delivered 23,231 vehicles in May, reflecting a year-over-year increase of 13.1%, but a decline from April's 23,900 units, with May's growth rate significantly lower than April's 53% increase [1][9] Delivery Performance - The NIO brand's deliveries fell 31% month-over-month to 13,270 units, raising concerns as this includes the company's core premium offerings [2][9] - ONVO, NIO's mass-market brand, delivered 6,281 units, marking a 42% increase from April, while Firefly, the smaller premium brand, delivered 3,680 units, a significant rise from just 230 in April [3][4] Brand Portfolio Management - The growth of ONVO and Firefly appears to be at the expense of the NIO brand, indicating potential challenges in managing and balancing the brand portfolio effectively [4] Sales Goals and Year-to-Date Performance - NIO aims to double its sales by 2025 from 221,970 units delivered last year, requiring a monthly average of 37,000 deliveries. However, year-to-date deliveries of 89,225 units are 34.7% higher year-over-year but still fall short of the target pace [5][9] Competitive Landscape - Li Auto delivered 40,856 units in May, a 16.7% year-over-year increase, outperforming NIO in both year-over-year and month-over-month growth [6] - XPeng Inc. delivered 33,525 units, a remarkable 230% increase year-over-year, although it saw a decline from April's 35,045 units [7] Stock Performance - NIO shares have declined approximately 19% year-to-date, contrasting with the industry's slight decline of 0.5% [8]

Core Viewpoint - NIO Inc. has seen a significant decline in stock price, trading around $4 per share, down approximately 94% from its peak in 2021 and below its 2018 IPO price of $6.26, despite ongoing growth initiatives and a broader vehicle lineup [1][2]. Group 1: Stock Performance and Market Comparison - In 2025, NIO shares have decreased nearly 8%, while competitors Li Auto and XPeng have increased by 19% and 74%, respectively, with XPeng benefiting from advancements in autonomous driving and robotics [3]. - NIO's forward price-to-sales ratio is 0.54, significantly lower than Li Auto's 1.1 and XPeng's 1.53, indicating that the market perceives higher risks associated with NIO [6]. Group 2: Growth Drivers - NIO's vehicle lineup has expanded to include models such as ES6, ET5T, ES8, and new sub-brands ONVO and Firefly, aimed at different market segments [10]. - In April 2025, NIO delivered 23,900 vehicles, a 53% year-over-year increase, although still trailing behind Li Auto and XPeng in delivery numbers [12]. Group 3: Operational Improvements - NIO's battery swap technology is a key innovation, with over 3,200 swap stations and a partnership with CATL to create a large battery swap network [13]. - Vehicle margins have improved from 9.2% in Q1 2024 to 13.1% in Q4 2024, with a target of 20% for 2025 [14]. Group 4: Financial Challenges - NIO reported a net loss exceeding $3 billion in 2024, with management aiming to narrow losses and achieve breakeven by Q4 2025 [15]. - The company's long-term debt-to-capital ratio is 0.76, significantly higher than the industry average of 0.27, and cash reserves have decreased from RMB 32.9 billion to RMB 19.4 billion over the year [17]. Group 5: Investment Outlook - NIO's growth potential remains, with new market segments and rising vehicle margins, but uncertainty around profitability and competitive pressures suggest caution for new investors [18][21].