股市9527的个人主页 - 老虎社区

股市9527

股市9527

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2025-09-26

$紫金黄金国际(02259)$ 别破发

2025-07-08

$大众口腔(02651)$象征性打的一个最不看好的股，居然涨幅最大

2025-11-06

$乐舒适(02698)$ 中的特少了吧，打了一亿

2025-08-29

$奥克斯电气(02580)$ 回拨了很多啊，一下子中这么多，考虑别破发了😰

2025-12-12

$果下科技(02655)$ 头槌中的越来越少了

2025-10-24

$三一重工(06031)$ 5%即可，别破发[抱拳]

2025-08-13

$银诺医药-B(02591)$ 顶格未中，这也是头一次了。怒亏一百港币

2025-07-07

$蓝思科技(06613)$ $极智嘉-W(02590)$ $FORTIOR(01304)$ 这波中签率太高了，预感要吃大亏

2025-06-19

$三花智控(02050)$ 中了这么多感觉又要像海天一样空欢喜

2025-06-24

$周六福(06168)$ 预感不妙啊

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09:01","market":"us","language":"zh","title":"跨过100万台的蔚来，凭什么活下来？","url":"https://stock-news.laohu8.com/highlight/detail?id=2602312769","media":"新浪科技","summary":"2025年12月，蔚来公司交付新车48,135台，位列新势力第三，同比增长54.6%，创历史新高；2025年第四季度，蔚来公司交付新车124,807台，同比增长71.7%，创历史新高；2025年全年，蔚来公司共交付新车326,028台，同比增长46.9%，创历史新高。2026年1月6日，蔚来公司第100万台量产车下线，达成新的里程碑。1月6日，蔚来公司百万台量产车下线后的媒体群访里，李斌详细解释了蔚来2026年，以及更长期的战略。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20260109091005526v152f0amj4l8pz4\"/><p>新年伊始，各家车企纷纷发布去年12月及全年战报。</p><p>其中有一家车企的表现，超出了大部分人的预期——<a href=\"https://laohu8.com/S/NIO\">蔚来</a>。</p><p>2025年12月，<a href=\"https://laohu8.com/S/09866\">蔚来</a>公司交付新车48,135台，位列新势力第三，同比增长54.6%，创历史新高；</p><p>2025年第四季度，<a href=\"https://laohu8.com/S/NIO.SI\">蔚来</a>公司交付新车124,807台，同比增长71.7%，创历史新高；</p><p>2025年全年，蔚来公司共交付新车326,028台，同比增长46.9%，创历史新高。</p><p>2026年1月6日，蔚来公司第100万台量产车下线，达成新的里程碑。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260109091008966v152wefvqopvl92\"/><p>三个新高，一个里程碑，基本意味着蔚来彻底爬出2025年初的低谷，重回高速增长，走向决赛圈的舞台。</p><p>销量发布后不久，蔚来创始人、董事长、CEO李斌发布了一封全员信。信中他肯定了蔚来过去一年的成绩：“2025年，我们逐步走出谷底，公司进入发展的第三个阶段，开启了新一轮的高速增长周期。”</p><p>但李斌同时提醒同事，决赛圈的竞争将更加激烈，蔚来没有片刻放松的资格。“各位同事，智能电动汽车产业的竞争已经进入决赛阶段，技术升级迭代的节奏会越来越快，市场竞争的压力会越来越大。越是残酷的环境，越需要我们保持战略定力，不妄自菲薄，也不自欺欺人，保持初心，专注行动。”</p><p>1月6日，蔚来公司百万台量产车下线后的媒体群访里，李斌详细解释了蔚来2026年，以及更长期的战略。一个半小时的群访中，他<strong>22次提到“稳”，39次提到“增长”</strong>。“第三个增长周期，我们希望实现<strong>每年增长40-50%，稳健高速增长是我们的目标。</strong>”李斌说。</p><p>面对成绩不骄傲，面对挑战不怯场。相比销量增长，这份清醒和沉稳，或许是蔚来在淘汰赛淬炼里更大的收获。</p><p><strong>研发进入收获期，多品牌彻底盘活</strong></p><p>蔚来2025年成绩的含金量，不只在销量数字，更在于公司三个品牌协同效应彻底被盘活了。</p><p>去年初，蔚来处在谷底时，很大一部分看衰蔚来的舆论，都将矛头指向了多品牌战略，认为接连推出乐道、萤火虫两个子品牌，是在稀释蔚来的品牌势能和公司的整体资源。</p><p>但去年下半年，正是乐道品牌推出的L90，吹响了蔚来反攻的号角，也为后面蔚来全新ES8的热销做好了铺垫。同时，最不被看好的萤火虫品牌，销量也节节攀升，在去年12月销量突破7000台。将蔚来公司2025年的总销量拆开来看，蔚来品牌共交付178,806台，乐道品牌共交付107,808台。firefly萤火虫品牌交付39,414台，三品牌协同之势逐渐稳固。</p><p>蔚来的多品牌战略能够盘活，首要原因是长期的研发投入，进入收获期。</p><p>自研的全域925V新平台、自研芯片、自研操作系统等成果接连上车，不仅极大提升了产品体验，同时在技术层面上实现降本，让乐道L90、全新ES8两款产品在各自价位段都拥有极强的产品竞争力。乐道L90上市4个月交付突破4万台，蔚来全新ES8上市仅100天，交付突破4万台，创40万以上车型交付“破四万”最快纪录。</p><p>两款出自同平台，但适配不同需求、不同价位段的车型，协力打穿大三排SUV这一市场，带动蔚来走出低谷，证明了平台化研发和多品牌策略的正确性。</p><p>多品牌战略能够成功的另一大原因，在于对用户需求的精准洞察。</p><p>这方面体现最明显的，莫过于萤火虫品牌的销量增长，验证了高端小车这一需求是真实存在且长期被忽视的。随着蔚来销量重回快速增长轨道，潜在用户信心极大提振，多品牌战略的增长空间有望在决赛圈进一步释放。</p><p>按照李斌在内部信中的规划，开拓下沉市场是蔚来2026年的工作重点之一。群访中，蔚来联合创始人、总裁秦力洪透露，公司计划在有销量的下沉市场，开设蔚来、乐道、firefly萤火虫的三品牌“SKY”综合店，第一批将在春节之前开业。</p><p><strong>决赛圈“稳”中求胜</strong></p><p>除了销量增长势头回稳，上一轮周期里，蔚来团队也在市场淬炼里变得更加成熟、沉稳，这可能是蔚来被外界低估的一项改变。</p><p>为了走出低谷，实现长期可持续经营，2025年初，蔚来落地了名为CBU（基本经营单元）的经营机制，每个单元都必须建立明确的ROI（投入产出比）指标和业绩奖惩制度。</p><p>CBU的核心不是降本，而是提高团队的整体效率。李斌在去年11月一次媒体沟通会上举过一个例子：“以前我们研发都是立大项，都是几个亿十个亿这么去立项的，现在立项都是几万块钱，几十万，几百万这么去立项的。而且都要闭环，都要责任到人。”</p><p>销售团队也同样要算账，蔚来建立了门店，以及Fellow个人的经营报表，从研发到销售，每个人给公司做了多少贡献，都清晰可见，避免了资源浪费的同时，整个团队利出一孔，更加高效，战斗力也更强。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260109091040471v1520e1y9jw24jw\"/><p>随着这些改变逐步落地，外界看到了一个不一样的蔚来，最直观的变化有三方面。</p><p>一是更加聚焦。以前的蔚来给人感觉什么都想做，现在的蔚来聚焦主业，专注把车造好，把车卖好。</p><p>二是执行力更高。以前蔚来不乏爆款，但总是因为种种原因错失市场机会，去年乐道L90、蔚来全新ES8两款关键车型在上市节奏、产能爬坡等方面调整迅速，没有重蹈覆辙。</p><p>三是心态更加成熟。从李斌在全员信里的表述来看，上到管理层，下到每个员工，对过去的成绩和接下来的挑战都有着清醒的认识。</p><p>李斌在信中说：“汽车行业的竞争，是3～5个点效率差距的长期竞争，我们只有具备行业领先的运营效率，才可能生存下去。”一支成熟、高效、有韧性、有定力的队伍，是蔚来面对决赛圈竞争的底气之一。</p><p><strong>2030年新能源渗透率超90%，</strong></p><p><strong>纯电占比80%，</strong></p><p><strong>蔚来在正确的方向上稳步前进</strong></p><p>说完蔚来自身的改变，再说说行业。</p><p><strong>李斌在信中预判，到2030年，新能源渗透率将超过90%，其中纯电占比将超过80%。</strong>这个数字引发了一定争议，一些人认为这一判断过于乐观。但人们总是低估五年时间能够带来的变化，站在2021年初，即便是对新能源前景最乐观的人，恐怕也难以预料到新能源渗透率能在五年时间里突破60%。</p><p>过去几年，新能源行业突飞猛进，渗透率不断提升，但蔚来一直坚持的纯电路线增长速度落后于增程插混。结果就是，几乎所有厂商都认同新能源车变革的尽头是纯电，但仍旧把大量资源投向增程、插混等技术路线上。</p><p>客观来说，过去几年，受限于技术条件和补能基建水平，用户普遍有里程焦虑，增程和插混的确处于一个优势的窗口期。</p><p>但从2025年开始，市场风向发生了转变。去年11月，纯电成为唯一同比正增长的能源形式；继 9 月首次超过增程、燃油、插混后，<strong>纯电大三排销量已连续三个月排名所有动力形式榜首</strong>。随着蔚来全新ES8销量不断破纪录，这一差距或将持续扩大。“随着技术进步和基础设施日益完善，纯电技术带来的体验收益已经大于加电不便的体验损失。在大三排SUV这一关键市场，纯电的黄金时代正在到来。”李斌在内部信中指出。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260109091048995v152kpgu2yo0eub\"/><img src=\"https://mmbiz.qpic.cn/mmbiz_png/kw2nrMk65sfUtqc4Fvll8SjcaS8pYIiaDMy60ia1gRCLqCPY811XjoJwHIyafuemyDw9Lsx5Wq4cCBAwW0r0AASg/640?wx_fmt=png\"/><p>汽车行业里向来是“得大车者得天下”，大车也曾是纯电最难啃的一块细分市场。李斌认为大三排SUV的纯电拐点，是市场整体迎来纯电拐点的一个信号。</p><p>其他厂商的一些信号也在证明，纯电拐点的确在加速到来。2025年，<a href=\"https://laohu8.com/S/BYDDY\">比亚迪</a>纯电动汽车销量首次超过<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>；2026年，多家车企的“大电池增程”产品扎堆上市，而大电池增程的下一步就是纯电。</p><p>这一预判如果成真，就意味着增程车、插混车或将成为比燃油车更小众的品类，<strong>市场趋势将稳步向有利于蔚来的方向发展，深耕纯电赛道的蔚来将取得一定的先发优势。</strong></p><p>此外，购置税补贴即将退坡，采用BaaS电池租用方案买蔚来、乐道、firefly萤火虫车型，可享额外购置税减免。依据产品价格，分别可节省1,770元至9,558元不等。蔚来独特的车电分离换电模式，既能降低用户购车门槛，也能减少购置税，一定程度上降低价格战对蔚来的影响。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260109091108662v152454kqlqgr8i\"/><p>接下来蔚来要做的，正如李斌全员信标题说的那样：“日拱一卒，久久为功”。蔚来能否保持住来之不易的增长势头，抓住纯电的市场机遇，我们拭目以待。</p><p><strong>更多精彩</strong></p><p><strong>点击关注</strong></p><p>1</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>跨过100万台的蔚来，凭什么活下来？</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n跨过100万台的蔚来，凭什么活下来？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-09 09:01 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109091227a704ebec&s=b><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>新年伊始，各家车企纷纷发布去年12月及全年战报。其中有一家车企的表现，超出了大部分人的预期——蔚来。2025年12月，蔚来公司交付新车48,135台，位列新势力第三，同比增长54.6%，创历史新高；2025年第四季度，蔚来公司交付新车124,807台，同比增长71.7%，创历史新高；2025年全年，蔚来公司共交付新车326,028台，同比增长46.9%，创历史新高。2026年1月6日，蔚来公司第...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109091227a704ebec&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","09866":"蔚来-SW","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4509":"腾讯概念","BK4531":"中概回港概念","BK4099":"汽车制造商","BK4526":"热门中概股","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","EVS.SI":"MSCI China Electric Vehicles and Future Mobility 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月首次超过增程、燃油、插混后，纯电大三排销量已连续三个月排名所有动力形式榜首。随着蔚来全新ES8销量不断破纪录，这一差距或将持续扩大。“随着技术进步和基础设施日益完善，纯电技术带来的体验收益已经大于加电不便的体验损失。在大三排SUV这一关键市场，纯电的黄金时代正在到来。”李斌在内部信中指出。汽车行业里向来是“得大车者得天下”，大车也曾是纯电最难啃的一块细分市场。李斌认为大三排SUV的纯电拐点，是市场整体迎来纯电拐点的一个信号。其他厂商的一些信号也在证明，纯电拐点的确在加速到来。2025年，比亚迪纯电动汽车销量首次超过特斯拉；2026年，多家车企的“大电池增程”产品扎堆上市，而大电池增程的下一步就是纯电。这一预判如果成真，就意味着增程车、插混车或将成为比燃油车更小众的品类，市场趋势将稳步向有利于蔚来的方向发展，深耕纯电赛道的蔚来将取得一定的先发优势。此外，购置税补贴即将退坡，采用BaaS电池租用方案买蔚来、乐道、firefly萤火虫车型，可享额外购置税减免。依据产品价格，分别可节省1,770元至9,558元不等。蔚来独特的车电分离换电模式，既能降低用户购车门槛，也能减少购置税，一定程度上降低价格战对蔚来的影响。接下来蔚来要做的，正如李斌全员信标题说的那样：“日拱一卒，久久为功”。蔚来能否保持住来之不易的增长势头，抓住纯电的市场机遇，我们拭目以待。更多精彩点击关注1","news_type":1,"symbols_score_info":{"09866":1.98,"NIO":1.98,"EVS.SI":0.6,"NIO.SI":1.98}},"isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":519344432042448,"gmtCreate":1767776427655,"gmtModify":1767777589884,"author":{"id":"4091799483385130","authorId":"4091799483385130","name":"股市9527","avatar":"https://static.tigerbbs.com/7fd42aa6081828619228897cc07fe142","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091799483385130","idStr":"4091799483385130"},"themes":[],"title":"","htmlText":"<a 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justify;\">《通知》还提出，为进一步优化营商环境，提升房地产投资效率，调整招拍挂拿地的房地产开发项目立项方式，由市区分级核准调整为区级备案。</p><p>截至发稿，<a href=\"https://laohu8.com/S/DUO\">房多多</a> 夜盘涨近5%，贝壳涨近2%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d896ff44590301c00c55bb0f8096004\" title=\"\" tg-width=\"531\" tg-height=\"171\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c51620dd037f755da6ff74b1d0656458\" tg-width=\"528\" tg-height=\"173\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>北京四部门联合印发通知，进一步优化调整房地产相关政策</title>\n<style 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16:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>北京市贯彻落实中央经济工作会议精神，着力稳定房地产市场。12月24日，市住房城乡建设委、市发展改革委、人民银行北京市分行、北京住房公积金管理中心等4部门联合印发《关于进一步优化调整本市房地产相关政策的通知》（以下简称《通知》），自2025年12月24日起施行。</p><p style=\"text-align: justify;\">《通知》明确，为更好满足居民刚性住房需求和多样化改善性住房需求，进一步优化调整住房限购政策。一是放宽非京籍家庭购房条件。将非京籍家庭购买五环内商品住房的社保或个税缴纳年限，由现行的“3年”调减为“2年”；购买五环外商品住房的，由现行的“2年”调减为“1年”。二是支持多子女家庭住房需求。二孩及以上的多子女家庭，可在五环内多购买一套商品住房，即：京籍多子女家庭，可在五环内购买3套商品住房；在京连续2年缴纳社保或个税的非京籍多子女家庭，可在五环内购买2套商品住房。</p><p style=\"text-align: justify;\">《通知》明确，进一步优化个人住房信贷政策，银行业金融机构根据北京地区市场利率定价自律机制要求和本机构经营状况、客户风险状况等因素，在利率定价机制安排方面不再区分首套住房和二套住房，合理确定每笔商业性个人住房贷款的具体利率水平。关于住房贷款相关业务，可向经办银行具体咨询。</p><p style=\"text-align: justify;\">《通知》明确，加大公积金支持住房消费力度，调整二套住房公积金贷款最低首付比例，对借款申请人（含共同申请人）使用公积金个人住房贷款购买二套住房的，最低首付款比例由不低于30%调整为不低于25%。</p><p style=\"text-align: justify;\">《通知》还提出，为进一步优化营商环境，提升房地产投资效率，调整招拍挂拿地的房地产开发项目立项方式，由市区分级核准调整为区级备案。</p><p>截至发稿，<a href=\"https://laohu8.com/S/DUO\">房多多</a> 夜盘涨近5%，贝壳涨近2%。</p><p></p><p 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href=http://sc.stock.cnfol.com/gushizhibo/20251203/31841473.shtml><strong>中金财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美银将礼来的目标价从950美元大幅上调至1286美元，并重申“买入”评级。分析师看好礼来的核心理由在于其GLP-1药物Zepbound和Mounjaro在大型肥胖症和糖尿病市场中保持\"第一名\"地位。尽管该领域竞争复杂，但礼来仍稳居领先地位。此外，礼来的新药开发进度快于预期，分析师预计口服药物orforglipron将于2026年初，而非此前预期的2026年末推出，这推升了其对该公司未来一年的营收和...</p>\n\n<a href=\"http://sc.stock.cnfol.com/gushizhibo/20251203/31841473.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LLY":"礼来"},"source_url":"http://sc.stock.cnfol.com/gushizhibo/20251203/31841473.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588991019","content_text":"美银将礼来的目标价从950美元大幅上调至1286美元，并重申“买入”评级。分析师看好礼来的核心理由在于其GLP-1药物Zepbound和Mounjaro在大型肥胖症和糖尿病市场中保持\"第一名\"地位。尽管该领域竞争复杂，但礼来仍稳居领先地位。此外，礼来的新药开发进度快于预期，分析师预计口服药物orforglipron将于2026年初，而非此前预期的2026年末推出，这推升了其对该公司未来一年的营收和盈利预测。","news_type":1,"symbols_score_info":{"LLY":1.5}},"isVote":1,"tweetType":1,"viewCount":1156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":506073298038992,"gmtCreate":1764583646213,"gmtModify":1764584081079,"author":{"id":"4091799483385130","authorId":"4091799483385130","name":"股市9527","avatar":"https://static.tigerbbs.com/7fd42aa6081828619228897cc07fe142","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4091799483385130","idStr":"4091799483385130"},"themes":[],"title":"","htmlText":"<a 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感觉又要像海天一样空欢喜","images":[{"img":"https://static.tigerbbs.com/08015d744b18ad9216b5a4c1c680c287","width":"825","height":"1242"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/447692513116272","isVote":1,"tweetType":1,"viewCount":5857,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3475212311923099","authorId":"3475212311923099","name":"neil44","avatar":"https://static.tigerbbs.com/d5a610b487953367a6a87b651ab9a5bd","crmLevel":7,"crmLevelSwitch":0,"idStr":"3475212311923099","authorIdStr":"3475212311923099"},"content":"打新了多少？","text":"打新了多少？","html":"打新了多少？"},{"author":{"id":"3497584593756125","authorId":"3497584593756125","name":"投资王子","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"idStr":"3497584593756125","authorIdStr":"3497584593756125"},"content":"大佬等明天还是出了啊？","text":"大佬等明天还是出了啊？","html":"大佬等明天还是出了啊？"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":449452990452024,"gmtCreate":1750756415628,"gmtModify":1750825801848,"author":{"id":"4091799483385130","authorId":"4091799483385130","name":"股市9527","avatar":"https://static.tigerbbs.com/7fd42aa6081828619228897cc07fe142","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091799483385130","authorIdStr":"4091799483385130"},"themes":[],"htmlText":"<a 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