新势力车企紧盯毛利率

中国经济周刊
Sep 16, 2025

本刊记者 牛朝阁又到一年中报季。近日,4家新势力车企(零跑汽车、小鹏汽车、理想汽车、蔚来汽车)半年报陆续披露完毕。外界争论的焦点常在销量和净利润上,其实毛利率的变动同样值得关注。在以“反内卷”为行业主旋律的上半年,造车新势力的毛利率迎来改善。毛利率齐涨财报显示,今年上半年,上述4家车企的毛利率同比全部改善。其中,理想汽车毛利率最高,达到20.3%;零跑汽车涨幅最大,同比提升13个百分点。汽车行业...

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