蔚来2025年一季度营收120.35亿元人民币，同比增长21.5%。市场预估123.5亿元。
一季度净亏损67.5亿元，同比增长30.2%，环比下降5.1%。
一季度毛利率7.6%，同比提升2.7个百分点，环比下降4.1个百分点。整车毛利率为10%。
公司预计二季度营收195.1亿元-200.7亿元，市场预估为195.8亿元。
交付情况
一季度新车交付42,094台，同比增长超40%。
二季度交付指引7.2万至7.5万台，二季度交付预计环比大增71%-78%。
CFO：二季度蔚来品牌单车毛利率有望回到15%
蔚来首席财务官曲玉在2025年第一季度财报电话会上表示，二季度随着新ES6、EC6、ET5、ET5T的上市，新车成交价格有所回升。加上自研芯片上车，会给单车成本带来1万元左右的成本优化。综合因素叠加，二季度蔚来品牌单车毛利率有望会回到15%。
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