11月17日， 小牛电动 公布截至2025年9月30日的第三季度未经审计财务报告。第三季度实现营收人民币16.939亿元，同比增长65.4%，净利润达8170万元，展现出强劲的业务增长动能。
三季度毛利率显著提升至21.8%，同比跃升8个百分点，反映出公司在产品组合优化与成本控制上的卓越成效。
前三季度销量超越去年全年总额
业绩公告显示，第三季度作为传统销售旺季，销量的强劲增长成为小牛电动业绩提升的主要驱动力。第三季度，小牛电动整车总销量达465873辆，同比增长49.1%。其中，中国市场表现尤为突出，整车销量达451455辆，同比大增74.2%，展现出强大的产品竞争力与市场渗透力。
2025年前三季度，小牛电动累计整车销量达1019276辆，已超越去年全年总和。
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