蔚来:穿越 “风暴”,能否迎来黎明?

海豚投研
Sep 02

$蔚来汽车(NIO.US)于北京时间 2025 年 9 月 2 日美股盘前,港股盘后发布了 2025 年第二季度财报。二季度业绩虽然同样不及预期,但已经在边际改善,来详细看一下:1、卖车毛利率本季度不及预期:由于蔚来之前指引过由于改款 5566 的焕新版上市,卖车单价能从一季度的清库存低谷中走出,再叠加 5566 搭载自研芯片 NX9031 对于成本端的下降,卖车毛利率本季度能环比回升至 12%-...

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