一起讨论下03

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一起讨论下03

2025-11-2

03主要新势力车企销量情况理想各交付数据承压小米汽车交付逐月爬坡 2025年理想汽车1-9月累计交付29.7万辆（同比下滑13.1%)。 2025年小米汽车交付量高速增长，全年目标上调至35万辆，有望提前达成。 2025年小鹏汽车1-9月累计交付31.3万辆(同比增长218%)。 2025年零跑汽车交付持续优化，9月交付超6.7万台。50,00040,00030,00020,00010,000070000600005000040000300002000010000070,00060,00027.3%29.7% 26.5%31.6%18.8% 16.2%16.7%-4.0%51,44348,74058,51329,92726,26436,67433,939-24.1%40,85636,27930,73128,52933,951-39.7%-40.7%-36.8%40.0%30.0%20.0%10.0%0.0%-10.0%-20.0%-30.0%-40.0%-50.0%45000400003500030000250002000015000100005000052.9%4000020000-50.0%45.9%29.1%37.8%19.6% 19.5%0.0%-4.1% 0.0%-9.1%29,18628,00028,00025,45930,45241,94836,39325815-22.5%20,00020,00060.0%40.0%20.0%0.0%-20.0%-40.0%-60.0%交付量（辆）同比变化交付量（台）环比增长零跑各月交付量285%109% 117% 128%38177 40169 42517105%25170 25287173%154%148% 138% 126%37095 41039 45067 48006 50129300%250%200%150%100%50%0%45,00040,00035,00030,00025,00020,00015,00010,0005,0000666575706688% 97%小鹏稳定增长交付570%36,69530,89530,35030,45333,20535,04533,52534,61136,71737,70923,917268%268% 273%230% 224% 229%169%82%54%20%600%41,581500%400%300%200%95%100%0%资料来源：理想官网，小米汽车公众号，零跑官网，小鹏官网，浙商证券研究所；数据截至：2025.10.31交付量（台）同比增长交付量（台）同比增长14

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