雷诺2025年净亏损108亿欧元，五年来首次，主因日产持股减值

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雷诺集团2025年录得108亿欧元净亏损，为近五年来首次年度亏损。该亏损主要源于对日产汽车持股计提93亿欧元一次性减值，标志着雷诺与日产联盟在财务层面进一步“去绑定”，未来日产业绩将不再纳入雷诺合并财报。2025年雷诺营业利润为36亿欧元，同比下降15%；营业利润率由7.6%降至6.3%。下滑主因欧洲市场竞争加剧：中国汽车品牌加速进入压低价格体系，Stellantis等传统对手采取更激进销售策略，...

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