民生证券发布研报称，2025Q3新能源乘用车批发销量402.4万辆，同比+24.2%，环比+10.9%；出口159.2万辆，同比+23.1%，环比+13.6%。毛利端上看，规模效应深化和精准战略布局优化毛利水平，定价策略滞后和产品结构波动导致毛利率温和承压。2025Q3零部件板块营收2,798.0亿元，同比+17.9%，环比+5.0%，增长主要受益于核心自主品牌、新势力产业链强势表现；其中轻量化、...
Source Link民生证券发布研报称，2025Q3新能源乘用车批发销量402.4万辆，同比+24.2%，环比+10.9%；出口159.2万辆，同比+23.1%，环比+13.6%。毛利端上看，规模效应深化和精准战略布局优化毛利水平，定价策略滞后和产品结构波动导致毛利率温和承压。2025Q3零部件板块营收2,798.0亿元，同比+17.9%，环比+5.0%，增长主要受益于核心自主品牌、新势力产业链强势表现；其中轻量化、...
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