造车新势力2025年成绩单：小米超理想，仅三家完成KPI_老虎社区_美港股上老虎

造车新势力2025年成绩单：小米超理想，仅三家完成KPI

腾讯汽车01-02

文｜海墨编辑｜帅先金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Mier_Ma
·01-02
鸿蒙杂牌汇，看着想吐
回复
点赞
举报
Mier_Ma
·01-02
鸿蒙杂牌汇会什么出现在榜单？杂牌汇啊
回复
点赞
举报

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2600579032?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-01-02 07:55","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2600579032","market":"hk","top_or_hot":-1,"title":"造车新势力2025年成绩单：小米超理想，仅三家完成KPI","media":"腾讯汽车","content":"<div>\n<p>文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","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>造车新势力2025年成绩单：小米超理想，仅三家完成KPI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; 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造车新势力2025年成绩单：小米超理想，仅三家完成KPI\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-02 07:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b><strong>腾讯汽车</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823413660.USD","symbol_name":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b","article_id":"2600579032","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2600579032","pubTimestamp":1767311703,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。极氪全年22.4万辆的销量与2024年几乎持平。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"81810":"小米集团-WR","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","01810":"小米集团-W","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","XPEV":"小鹏汽车","LU0051755006.USD":"摩根大通中国A (dist)","BK1502":"双十一","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","BK1589":"北水核心资产","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","BK1193":"电脑硬件、储存设备及电脑周边","BK1618":"Manus概念股","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK1615":"港股-互联网","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","09868":"小鹏汽车-W","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","09866":"蔚来-SW","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BK1607":"新IT概念","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","09863":"零跑汽车","BK1523":"武汉本地概念股","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","BK1521":"挪威政府全球养老基金持仓","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","02015":"理想汽车-W","HXXD.SI":"Xiaomi HK SDR 2to1","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","XIACY":"小米集团ADR","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","BK1610":"ETF&股票定投概念","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1575":"同股不同权","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0594300419.USD":"富达中国消费基金A","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1506":"5G概念","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC"},"translate_title":"2025 report card of new car-making forces: Xiaomi is super ideal, only three companies have completed KPIs","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.6,"XIACY":1.91,"09863":0.9,"02015":0.9,"01810":1.91,"MIUmain":0.6,"09866":0.9,"09868":1.87,"XPEV":1.87,"HXXD.SI":0.6},"content_text":"文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑14%，但依然稳坐“6万级”高位。小米汽车则继续书写着“销量神话”，单月交付突破5万辆。“蔚小理”在年末的冲刺中也表现不俗。蔚来与理想在12月双双实现了33%的环比大涨，很大程度上缓解了它们下半年的增长焦虑。小鹏汽车则保持了稳健的步伐，月销3.7万辆，环比微增，主打一个“稳”字。相比之下，深蓝、岚图、阿维塔等品牌在12月出现了一定程度的回调，其中阿维塔和岚图环比跌幅均超过20%，显示出在头部虹吸效应下，第二梯队的生存空间正在受到挤压。全年交付量，仅三家完成KPI从全年交付数据分析，曾经的御三家“蔚小理”彻底解构，零跑汽车与小鹏汽车均实现了交付量“翻倍增长”，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标。鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。32%的同比增速虽然稳健，但远未达到市场对其“爆发式增长”的预期。曾经的“利润王”理想汽车在2025年显得格外落寞。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。背靠传统车企的“创二代”阵营在2025年呈现出明显的两极分化。极氪全年22.4万辆的销量与2024年几乎持平。相比之下，岚图与阿维塔则展现出强劲的追赶势头，两者均实现75%的同比高增长，销量分别攀升至15万辆和12.8万辆。结语2025年的成绩单宣告了造车新势力格局的彻底重塑，当“月销5万”成为头部的新门槛，2026年的中国车市，注定不会平静。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":517369265431112,"gmtCreate":1767340061072,"gmtModify":1767340063550,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"Mier_Ma","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"htmlText":"鸿蒙杂牌汇，看着想吐","listText":"鸿蒙杂牌汇，看着想吐","text":"鸿蒙杂牌汇，看着想吐","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/517369265431112","repostId":2600579032,"repostType":2,"repost":{"id":"2600579032","kind":"news","pubTimestamp":1767311703,"share":"https://www.laohu8.com/m/news/2600579032?lang=zh_CN&edition=full","pubTime":"2026-01-02 07:55","market":"hk","language":"zh","title":"造车新势力2025年成绩单：小米超理想，仅三家完成KPI","url":"https://stock-news.laohu8.com/highlight/detail?id=2600579032","media":"腾讯汽车","summary":"文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。极氪全年22.4万辆的销量与2024年几乎持平。","content":"<html><body><article><p><strong>文｜海墨</strong></p><p><strong>编辑｜帅先 金明</strong></p><p>2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的<a href=\"https://laohu8.com/S/09863\">零跑汽车</a>毫无悬念登顶，而<a href=\"https://laohu8.com/S/LI\">理想汽车</a>则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、<a href=\"https://laohu8.com/S/XIACY\">小米</a>三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。</p><p>12月收官战，头部三强狂飙</p><img src=\"https://inews.gtimg.com/om_bt/O599Mq99MQxK_r7rM9WpOGzHepHHBhlT6R8AP_Au8lI-YAA/0\"/><p>鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑14%，但依然稳坐“6万级”高位。<a href=\"https://laohu8.com/S/01810\">小米</a>汽车则继续书写着“销量神话”，单月交付突破5万辆。</p><p>“蔚小理”在年末的冲刺中也表现不俗。<a href=\"https://laohu8.com/S/NIO\">蔚来</a>与理想在12月双双实现了33%的环比大涨，很大程度上缓解了它们下半年的增长焦虑。<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>则保持了稳健的步伐，月销3.7万辆，环比微增，主打一个“稳”字。</p><p>相比之下，深蓝、岚图、阿维塔等品牌在12月出现了一定程度的回调，其中阿维塔和岚图环比跌幅均超过20%，显示出在头部虹吸效应下，第二梯队的生存空间正在受到挤压。</p><p>全年交付量，仅三家完成KPI</p><img src=\"https://inews.gtimg.com/om_bt/O3_ajGqPq23eM5iTyalPJtBETNz7viK6xAZRnUxGFXlMEAA/0\"/><p>从全年交付数据分析，曾经的御三家“蔚小理”彻底解构，零跑汽车与<a href=\"https://laohu8.com/S/09868\">小鹏汽车</a>均实现了交付量“翻倍增长”，而<a href=\"https://laohu8.com/S/02015\">理想汽车</a>则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、<a href=\"https://laohu8.com/S/81810\">小米</a>三家完成了年度既定目标。</p><p>鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。32%的同比增速虽然稳健，但远未达到市场对其“爆发式增长”的预期。曾经的“利润王”理想汽车在2025年显得格外落寞。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。</p><p>背靠传统车企的“创二代”阵营在2025年呈现出明显的两极分化。<a href=\"https://laohu8.com/S/ZK\">极氪</a>全年22.4万辆的销量与2024年几乎持平。相比之下，岚图与阿维塔则展现出强劲的追赶势头，两者均实现75%的同比高增长，销量分别攀升至15万辆和12.8万辆。</p><p>结语</p><p>2025年的成绩单宣告了造车新势力格局的彻底重塑，当“月销5万”成为头部的新门槛，2026年的中国<a href=\"https://laohu8.com/S/01490\">车市</a>，注定不会平静。</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>造车新势力2025年成绩单：小米超理想，仅三家完成KPI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; 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造车新势力2025年成绩单：小米超理想，仅三家完成KPI\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-02 07:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b><strong>腾讯汽车</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&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":{"81810":"小米集团-WR","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","01810":"小米集团-W","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","XPEV":"小鹏汽车","LU0051755006.USD":"摩根大通中国A (dist)","BK1502":"双十一","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","BK1589":"北水核心资产","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","BK1193":"电脑硬件、储存设备及电脑周边","BK1618":"Manus概念股","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK1615":"港股-互联网","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","09868":"小鹏汽车-W","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","09866":"蔚来-SW","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BK1607":"新IT概念","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","09863":"零跑汽车","BK1523":"武汉本地概念股","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","BK1521":"挪威政府全球养老基金持仓","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","02015":"理想汽车-W","HXXD.SI":"Xiaomi HK SDR 2to1","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","XIACY":"小米集团ADR","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","BK1610":"ETF&股票定投概念","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1575":"同股不同权","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0594300419.USD":"富达中国消费基金A","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1506":"5G概念","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2600579032","content_text":"文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑14%，但依然稳坐“6万级”高位。小米汽车则继续书写着“销量神话”，单月交付突破5万辆。“蔚小理”在年末的冲刺中也表现不俗。蔚来与理想在12月双双实现了33%的环比大涨，很大程度上缓解了它们下半年的增长焦虑。小鹏汽车则保持了稳健的步伐，月销3.7万辆，环比微增，主打一个“稳”字。相比之下，深蓝、岚图、阿维塔等品牌在12月出现了一定程度的回调，其中阿维塔和岚图环比跌幅均超过20%，显示出在头部虹吸效应下，第二梯队的生存空间正在受到挤压。全年交付量，仅三家完成KPI从全年交付数据分析，曾经的御三家“蔚小理”彻底解构，零跑汽车与小鹏汽车均实现了交付量“翻倍增长”，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标。鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。32%的同比增速虽然稳健，但远未达到市场对其“爆发式增长”的预期。曾经的“利润王”理想汽车在2025年显得格外落寞。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。背靠传统车企的“创二代”阵营在2025年呈现出明显的两极分化。极氪全年22.4万辆的销量与2024年几乎持平。相比之下，岚图与阿维塔则展现出强劲的追赶势头，两者均实现75%的同比高增长，销量分别攀升至15万辆和12.8万辆。结语2025年的成绩单宣告了造车新势力格局的彻底重塑，当“月销5万”成为头部的新门槛，2026年的中国车市，注定不会平静。","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.91,"09863":0.9,"02015":0.9,"01810":1.91,"MIUmain":0.6,"09866":0.9,"09868":1.87,"XPEV":1.87,"HXXD.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":517270903017512,"gmtCreate":1767316124183,"gmtModify":1767316126336,"author":{"id":"4143077530680670","authorId":"4143077530680670","name":"Mier_Ma","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4143077530680670","idStr":"4143077530680670"},"htmlText":"鸿蒙杂牌汇会什么出现在榜单？杂牌汇啊","listText":"鸿蒙杂牌汇会什么出现在榜单？杂牌汇啊","text":"鸿蒙杂牌汇会什么出现在榜单？杂牌汇啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/517270903017512","repostId":2600579032,"repostType":2,"repost":{"id":"2600579032","kind":"news","pubTimestamp":1767311703,"share":"https://www.laohu8.com/m/news/2600579032?lang=zh_CN&edition=full","pubTime":"2026-01-02 07:55","market":"hk","language":"zh","title":"造车新势力2025年成绩单：小米超理想，仅三家完成KPI","url":"https://stock-news.laohu8.com/highlight/detail?id=2600579032","media":"腾讯汽车","summary":"文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。极氪全年22.4万辆的销量与2024年几乎持平。","content":"<html><body><article><p><strong>文｜海墨</strong></p><p><strong>编辑｜帅先 金明</strong></p><p>2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的<a href=\"https://laohu8.com/S/09863\">零跑汽车</a>毫无悬念登顶，而<a href=\"https://laohu8.com/S/LI\">理想汽车</a>则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、<a href=\"https://laohu8.com/S/XIACY\">小米</a>三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。</p><p>12月收官战，头部三强狂飙</p><img src=\"https://inews.gtimg.com/om_bt/O599Mq99MQxK_r7rM9WpOGzHepHHBhlT6R8AP_Au8lI-YAA/0\"/><p>鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑14%，但依然稳坐“6万级”高位。<a href=\"https://laohu8.com/S/01810\">小米</a>汽车则继续书写着“销量神话”，单月交付突破5万辆。</p><p>“蔚小理”在年末的冲刺中也表现不俗。<a href=\"https://laohu8.com/S/NIO\">蔚来</a>与理想在12月双双实现了33%的环比大涨，很大程度上缓解了它们下半年的增长焦虑。<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>则保持了稳健的步伐，月销3.7万辆，环比微增，主打一个“稳”字。</p><p>相比之下，深蓝、岚图、阿维塔等品牌在12月出现了一定程度的回调，其中阿维塔和岚图环比跌幅均超过20%，显示出在头部虹吸效应下，第二梯队的生存空间正在受到挤压。</p><p>全年交付量，仅三家完成KPI</p><img src=\"https://inews.gtimg.com/om_bt/O3_ajGqPq23eM5iTyalPJtBETNz7viK6xAZRnUxGFXlMEAA/0\"/><p>从全年交付数据分析，曾经的御三家“蔚小理”彻底解构，零跑汽车与<a href=\"https://laohu8.com/S/09868\">小鹏汽车</a>均实现了交付量“翻倍增长”，而<a href=\"https://laohu8.com/S/02015\">理想汽车</a>则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、<a href=\"https://laohu8.com/S/81810\">小米</a>三家完成了年度既定目标。</p><p>鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。32%的同比增速虽然稳健，但远未达到市场对其“爆发式增长”的预期。曾经的“利润王”理想汽车在2025年显得格外落寞。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。</p><p>背靠传统车企的“创二代”阵营在2025年呈现出明显的两极分化。<a href=\"https://laohu8.com/S/ZK\">极氪</a>全年22.4万辆的销量与2024年几乎持平。相比之下，岚图与阿维塔则展现出强劲的追赶势头，两者均实现75%的同比高增长，销量分别攀升至15万辆和12.8万辆。</p><p>结语</p><p>2025年的成绩单宣告了造车新势力格局的彻底重塑，当“月销5万”成为头部的新门槛，2026年的中国<a href=\"https://laohu8.com/S/01490\">车市</a>，注定不会平静。</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>造车新势力2025年成绩单：小米超理想，仅三家完成KPI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; 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造车新势力2025年成绩单：小米超理想，仅三家完成KPI\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-02 07:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b><strong>腾讯汽车</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&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":{"81810":"小米集团-WR","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","01810":"小米集团-W","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","XPEV":"小鹏汽车","LU0051755006.USD":"摩根大通中国A (dist)","BK1502":"双十一","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","BK1589":"北水核心资产","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","BK1193":"电脑硬件、储存设备及电脑周边","BK1618":"Manus概念股","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK1615":"港股-互联网","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","09868":"小鹏汽车-W","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","09866":"蔚来-SW","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BK1607":"新IT概念","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","09863":"零跑汽车","BK1523":"武汉本地概念股","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","BK1521":"挪威政府全球养老基金持仓","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","02015":"理想汽车-W","HXXD.SI":"Xiaomi HK SDR 2to1","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","XIACY":"小米集团ADR","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","BK1610":"ETF&股票定投概念","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1575":"同股不同权","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0594300419.USD":"富达中国消费基金A","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1506":"5G概念","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260102080534a6ea09dd&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2600579032","content_text":"文｜海墨编辑｜帅先 金明2026新年伊始，造车新势力陆续公布2025年12月及全年交付数据。全年表现亮眼的零跑汽车毫无悬念登顶，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标，其余车企均不同程度地倒在了KPI红线之下。12月收官战，头部三强狂飙鸿蒙智行以单月89611辆的惊人成绩，毫无悬念地摘得12月销量桂冠。紧随其后的零跑汽车，虽环比下滑14%，但依然稳坐“6万级”高位。小米汽车则继续书写着“销量神话”，单月交付突破5万辆。“蔚小理”在年末的冲刺中也表现不俗。蔚来与理想在12月双双实现了33%的环比大涨，很大程度上缓解了它们下半年的增长焦虑。小鹏汽车则保持了稳健的步伐，月销3.7万辆，环比微增，主打一个“稳”字。相比之下，深蓝、岚图、阿维塔等品牌在12月出现了一定程度的回调，其中阿维塔和岚图环比跌幅均超过20%，显示出在头部虹吸效应下，第二梯队的生存空间正在受到挤压。全年交付量，仅三家完成KPI从全年交付数据分析，曾经的御三家“蔚小理”彻底解构，零跑汽车与小鹏汽车均实现了交付量“翻倍增长”，而理想汽车则意外遭遇了销量的滑铁卢。在统计的主要新势力车企中，仅有零跑、小鹏、小米三家完成了年度既定目标。鸿蒙智行以58.9万辆的成绩位居总销量榜眼，其100万辆的年度目标完成率为59%。32%的同比增速虽然稳健，但远未达到市场对其“爆发式增长”的预期。曾经的“利润王”理想汽车在2025年显得格外落寞。全年40.6万辆的交付量较2024年下滑19%，目标完成率仅为63%。背靠传统车企的“创二代”阵营在2025年呈现出明显的两极分化。极氪全年22.4万辆的销量与2024年几乎持平。相比之下，岚图与阿维塔则展现出强劲的追赶势头，两者均实现75%的同比高增长，销量分别攀升至15万辆和12.8万辆。结语2025年的成绩单宣告了造车新势力格局的彻底重塑，当“月销5万”成为头部的新门槛，2026年的中国车市，注定不会平静。","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.91,"09863":0.9,"02015":0.9,"01810":1.91,"MIUmain":0.6,"09866":0.9,"09868":1.87,"XPEV":1.87,"HXXD.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}