1 季度汽车收入低于预期。蔚来2025 年1 季度收入120 亿元（人民币，下同），同环比+21.5%/-38.9%，其中汽车收入99 亿元，低于市场预期。单车平均价格环比降0.4 万元至23.6 万元，略低于市场预期，主要由于1 季度老款车型大幅加大折扣，同时较低价的L60 车型占比提升所影响。1 季度毛利率7.6%，环比-4.1 百分点，其中汽车毛利率由2024 年4 季度的13.1%回落至...
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