11月25日晚间，蔚来汽车发布财报称，2025年第三季度净亏损为人民币34.805亿元人民币（约合4.889亿 美元），同比收窄31.2%，环比收窄30.3%。调整后净亏损（非公认会计准则）为人民币27.351亿元人民 币（3.842亿美元），同比收窄38.0%，环比收窄33.7%。 蔚来创始人、董事长、CEO李斌在业绩交流会上表示，四季度置换补贴退坡对市场产生了比较大的影 响，整个行业应该不会产生像去年一样的翘尾效应。对于蔚来公司来说，主要的影响在于乐道L90和 L60等低价车型，但公司对实现四季度盈利还是有信心，主要还是基于ES8等高毛利的车型订单非常强 劲，对毛利总额的影响在预期的范围之内。 截至发稿，蔚来美股盘前涨超2%，此前一度大涨近9%。 编辑｜钉钉 三季度综合毛利率13.9%，创近三年来新高。截至2025年9月30日，三季度现金储备367亿元。 ...

蔚来创始人、董事长、CEO李斌在业绩交流会上表示，四季度置换补贴退坡对市场产生了比较大的影 响，整个行业应该不会产生像去年一样的翘尾效应。对于蔚来公司来说，主要的影响在于乐道L90和 L60等低价车型，但公司对实现四季度盈利还是有信心，主要还是基于ES8等高毛利的车型订单非常强 劲，对毛利总额的影响在预期的范围之内。 截至发稿，蔚来美股盘前涨超2%，此前一度大涨近9%。 编辑 ｜ 钉钉 11月25日晚间，蔚来汽车发布财报称，2025年第三季度净亏损为人民币34.805亿元人民币（约合 4.889亿美元），同比收窄31.2%，环比收窄30.3%。调整后净亏损（非公认会计准则）为人民币 27.351亿元人民币（3.842亿美元），同比收窄38.0%，环比收窄33.7%。 三季度综合毛利率13.9%，创近三年来新高。截至2025年9月30日，三季度现金储备367亿元。 ...

11月25日晚间，蔚来创始人、董事长、CEO李斌在业绩交流会上表示，四季度置换补贴退坡对市场产生 了比较大的影响，整个行业应该不会产生像去年一样的翘尾效应。对于蔚来公司来说，主要的影响在于 乐道L90和L60等低价车型，但公司对实现四季度盈利还是有信心，主要还是基于ES8等高毛利的车型订 单非常强劲，对毛利总额的影响在预期的范围之内。（第一财经记者 葛慧） (本文来自第一财经) ...

11月25日晚间，蔚来创始人、董事长、CEO李斌在业绩交流会上表示，四季度置换补贴退坡对市场产生 了比较大的影响，整个行业应该不会产生像去年一样的翘尾效应。对于蔚来公司来说，主要的影响在于 乐道L90和L60等低价车型，但公司对实现四季度盈利还是有信心，主要还是基于ES8等高毛利的车型订 单非常强劲，对毛利总额的影响在预期的范围之内。 （文章来源：第一财经） ...

NIO Inc. (NYSE:NIO) is set to release its quarterly earnings with an anticipated EPS of -$0.24, showing improvement from the previous year.The company has experienced a 37% increase in stock value year-to-date, driven by new model introductions and strong delivery figures.Projected revenue for the upcoming quarter is approximately $3.14 billion, with concerns about high debt levels and negative cash flow remaining.NIO Inc. (NYSE:NIO) is a prominent player in the electric vehicle (EV) market, known for its i ...

The Chinese electric car company is seeing renewed market interest. But there are some things to know before buying.Chinese electric vehicle (EV) maker Nio (NIO 6.09%) has been a pretty terrible investment over the medium term. Share prices are down more than 85% over the last five years.However, Nio's share price recently started showing signs of life. It's up 37% year to date:NYSE : NIONioToday's Change( -6.09 %) $ -0.35Current Price$ 5.40Key Data PointsMarket Cap$10BDay's Range$ 5.38 - $ 5.8752wk Range$ ...

他表示，"以前智能电动汽车的纯电技术还没有发展到这样临界点的时候，很多体验都不是那么高频， 用户就觉得可能也就这样，但是我们L90和ES8让大家看到了纯电技术优势，它的本质是技术路线的优 势，加上我们可换电的这样一个架构，给用户带来的价值创造和体验提升是非常大的。" 专题：2025广州国际车展 李斌讲，"其实如果大家去看数据，大三排SUV里面纯电的销量，其实九月份是第一次第一名，十月份 连续是第一名。十月份我们看到最新的一个数据是超过了39000多台，而增程大三排只有24000多台，所 以这个量差得已经非常多了。所以数字已经充分证明了，增程大三排SUV的黄金时代已经过去了，纯电 大三排SUV的黄金时代已经到来了。" 新浪科技讯 11月21日午间消息，在广州车展上，蔚来汽车创始人、董事长、CEO李斌表示，"纯电的技 术发展到今天，有一些用户没有太多感知，但非常重要的就是减重，这个减重带来的不管是是操控的体 验，还是安全的体验，它的优势都是巨大的。" 责任编辑：王翔 ...

专题：2025广州国际车展 责任编辑：王翔 蔚来创始人、董事长兼CEO李斌今日在广州车展上表示，ES8在在上产能，41天就交付了1万台，创造 了全球大型纯电SUV的交付记录。 他透露，12月份ES8争取超过15000台的交付量，争取多交一点。"现在有动力多交，是因为明年保购置 税补贴，每一台到明年去都能多补一万多块钱。所以今年多交，那对于我们四季度盈利也很重要。" ...

Core Insights - The article highlights the sales performance of various electric vehicle manufacturers in October, showcasing significant growth for many domestic brands and new energy vehicle startups [2][4]. Sales Performance Summary - BYD sold 441,706 units in October, experiencing a year-on-year decline of 12.13% but a month-on-month increase of 11.47% [1]. - Geely New Energy reported sales of 177,882 units, marking a year-on-year increase of 63.61% and a month-on-month increase of 7.68% [1]. - Chery New Energy achieved sales of 110,346 units, with a year-on-year growth of 54.70% and a month-on-month increase of 20.48% [1]. - Leap Motor surpassed 70,000 units for the first time, delivering 70,289 vehicles, a year-on-year increase of over 84% [4]. - Hongmeng Zhixing delivered 68,216 units, also achieving a record high for monthly deliveries [4]. - Great Wall New Energy sold 46,155 units, with a year-on-year increase of 44.06% [1]. - NIO delivered 40,397 units, reflecting a year-on-year growth of 92.59% [4]. - Xiaomi's sales exceeded 40,000 units, continuing a strong performance from September [5]. - Li Auto's sales fell to 31,767 units, down 38.25% year-on-year and 6.43% month-on-month [6]. - Aion's sales were 27,014 units, down 32.55% year-on-year and 7.21% month-on-month [6]. Market Trends and Challenges - 75% of the 16 automotive companies reported both year-on-year and month-on-month growth in October, indicating a robust market recovery [6]. - Li Auto's decline is attributed to recent controversies, but the company is optimistic about the upcoming launch of the Li i6 model, which has already received over 70,000 orders [6][4]. - Aion's continuous decline over six months is linked to its brand positioning and market strategy, which has not resonated well with personal consumers despite initial success in the ride-hailing segment [7][8].

Core Viewpoint - The challenge for NIO to achieve its target of 150,000 vehicle sales in the fourth quarter is significant, primarily due to the complexities of its battery swap model and the need for infrastructure to support it [2][3][5]. Group 1: Sales Target Challenges - NIO's unique battery swap model allows for diverse pricing but also presents risks, as the profitability of battery swap stations is uncertain and they may not generate sufficient revenue to support expansion [2][3]. - The current delivery volume of NIO is 910,000 units as of 2024, and maintaining a delivery rate of 40,000 units per month is crucial for doubling the vehicle ownership in two years [2][3]. - The competition in the charging infrastructure is intensifying, and if battery swap stations cannot keep pace with vehicle sales, it may lead to a shortage of available battery swaps for customers [2][3]. Group 2: Perspectives on Achieving Sales Goals - Some analysts believe that NIO will meet its sales target due to its strong capital structure and the need to demonstrate progress to investors [5][9]. - The reduction in vehicle prices and operational costs is expected to boost sales, as consumers respond positively to lower prices [5][9]. - The production capacity and delivery logistics are seen as the main hurdles, but existing orders indicate a potential for achieving the sales target [6][12]. Group 3: Future Outlook - NIO's strategy involves a focus on service and positioning itself as a mobility company, which may enhance its market appeal and sales performance [9][10]. - The introduction of new models and potential price adjustments could further stimulate demand, especially if the company can maintain a competitive edge in the market [10][12]. - Analysts suggest that 40,000 units per month could become a new normal for NIO, but achieving profitability while maintaining brand integrity will be a significant challenge [10][11].