<p>据当地媒体报道，由于 L60 订单不足以支持多个供应商，蔚来与比亚迪的 FinDreams 已暂停其电池供应合作。
蔚来还增加了对宁德时代其他电池供应的依赖。</p>
<p><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/12/2025122709481441.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1437" height="808" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/12/2025122709481441.jpg"/></p>
<p>（蔚来的第三代 ES8。图片来源：蔚来）</p>
<p>蔚来汽车（NYSE: NIO，HKG: 9866）在过去两年中引入了新的电池供应商，以减少对宁德时代（HKG: 3750，SHE: 300750）的依赖。然而，这些努力现在似乎正在逆转。</p>
<p>蔚来已停止与比亚迪（HKG: 1211，OTCMKTS: BYDDY）的 FinDreams 电池的供应合作，原因是其 Onvo 子品牌的 L60 中型 SUV 订单不足以维持多个供应商，今日当地媒体 36Kr 援引行业消息人士报道。</p>
<p>与此同时，关于之前部分由 CALB（HKG: 3931）供应给蔚来主品牌的 100 千瓦时电池，报告称该供应商现已转向宁德时代。</p>
<p>加入我们，关注 Telegram 或 Google News</p>
<p>对于 Onvo 的 85 千瓦时长续航电池，蔚来也引入了宁德时代作为供应商，报告称该电池制造商将成为该电池的主要供应商。</p>
<p>自 2014 年 11 月蔚来成立以来，宁德时代一直是蔚来的主要电池供应商，在其早期的许多年里，宁德时代是其唯一的供应商。</p>
<p>两家公司保持着密切的合作关系，共同成立了 Mirattery 或武汉威能，与其他股东共同管理蔚来的电池资产。</p>
<p>在过去的几年中，蔚来引入了包括比亚迪、CALB 和顺络（SHE: 300207）在内的新电池供应商。它还尝试生产自己的电池单元，但由于财务限制，这一努力被放弃。</p>
<p>关于蔚来的电池供应情况，2025 年出现了快速变化。蔚来面临运营挑战，包括电池付款压力，宁德时代对此情况非常清楚，正如 36Kr 报告所指出的。</p>
<p>宁德时代已采取措施支持蔚来，投资于蔚来动力和 Mirattery 等业务，以缓解其主要客户的资金需求，报告称。</p>
<p>对于蔚来来说，它也相应采取了行动，主动增加了对宁德时代的电池供应，报告指出。</p>
<p>除了投资，宁德时代还在产品交付方面支持蔚来。</p>
<p>在 2025 年下半年 Onvo L90 和新 ES8 车型强劲销售表现之后，宁德时代优先从其洛阳和溧阳工厂调配生产资源，以支持蔚新的车辆交付，36Kr 表示。</p>
<p>帮助蔚来应对这些挑战是宁德时代的明确战略选择，报告观察到。</p>
<p>随着年销量超过 20 万辆和换电站的电池需求，蔚年的年电池采购量可能达到 20 GWh，价值至少为 100 亿元人民币（14.3 亿美元），报告指出。</p>
<p>除了对蔚来的大力支持，宁德时代强大的工程能力也是确保其获得更大市场份额的关键。</p>
<p>CALB 是 Onvo 的 85 千瓦时电池的首选供应商，但在从电池生产到包装的过程中出现了诸多挑战，动摇了蔚来对该合作关系的信心，36Kr 称。</p>
<p>宁德时代迅速识别了这一机会，并在今年春节后进行了评估和准备。到年中，在收到蔚来的请求后，宁德时代在短短五个月内实现了开发和交付，报告称。</p>
<p>到 7 月底，配备 85 千瓦时电池组的 Onvo L90 上市，初期销售强劲，宁德时代的电池供应缓解了蔚来的产能限制，报告指出。</p>
<p>“宁德时代通过其人员准备和工程能力赚取了这笔钱，” 一位蔚来的内部人士被 36Kr 引用说，并补充说他们使用了来自多个电池制造商的产品。</p>
<p>在 9 月底推出第三代蔚来 ES8 和 7 月底推出 Onvo L90 后，蔚来面临电池短缺。</p>
<p>这似乎已迅速得到解决。本月初，Onvo 宣布计划在一个月内将换电站可用电池包的数量翻倍，表明车辆生产的电池供应充足。</p>
<p>根据韩国市场研究公司 SNE Research 的数据，宁德时代仍是全球最大的电池供应商，从 1 月到 10 月保持 38.1% 的全球市场份额，是唯一超过 30% 市场份额的制造商。</p>
<p>全球顶级电动汽车电池制造商的市场份额（2025 年 1 月至 10 月）</p>
<table>
<thead>
<tr>
<th>公司</th>
<th>市场份额 (%)</th>
<th>安装量 (GWh)</th>
</tr>
</thead>
<tbody>
<tr>
<td>宁德时代</td>
<td>38.1%</td>
<td>355.20</td>
</tr>
<tr>
<td>比亚迪</td>
<td>16.9%</td>
<td>157.90</td>
</tr>
<tr>
<td>LG 能源解决方案</td>
<td>9.3%</td>
<td>86.50</td>
</tr>
<tr>
<td>CALB</td>
<td>4.7%</td>
<td>44.30</td>
</tr>
<tr>
<td>国轩高科</td>
<td>4.1%</td>
<td>38.70</td>
</tr>
<tr>
<td>SK On</td>
<td>4.0%</td>
<td>37.70</td>
</tr>
<tr>
<td>松下</td>
<td>3.8%</td>
<td>35.90</td>
</tr>
<tr>
<td>三星 SDI</td>
<td>2.7%</td>
<td>25.10</td>
</tr>
<tr>
<td>亿纬锂能</td>
<td>2.6%</td>
<td>24.60</td>
</tr>
<tr>
<td>斯沃特</td>
<td>2.5%</td>
<td>23.70</td>
</tr>
<tr>
<td>其他</td>
<td>11.1%</td>
<td>103.90</td>
</tr>
</tbody>
</table>
<p>全球顶级电动汽车电池制造商的市场份额（2025 年 1 月至 10 月）</p>
<p>在中国，根据中国汽车动力电池创新联盟（CABIA）的数据，宁德时代在 11 月的整体电池市场中占有 43.71% 的份额。</p>
<p>中国顶级电动汽车电池制造商的市场份额（2025 年 11 月）</p>
<table>
<thead>
<tr>
<th>公司</th>
<th>安装量 (GWh)</th>
<th>市场份额 (%)</th>
<th>与上月相比</th>
</tr>
</thead>
<tbody>
<tr>
<td>宁德时代</td>
<td>40.87</td>
<td>43.71%</td>
<td>+0.71</td>
</tr>
<tr>
<td>比亚迪</td>
<td>19.04</td>
<td>20.36%</td>
<td>-0.93</td>
</tr>
<tr>
<td>CALB</td>
<td>5.96</td>
<td>6.37%</td>
<td>-0.61</td>
</tr>
<tr>
<td>国轩高科</td>
<td>5.89</td>
<td>6.30%</td>
<td>-0.34</td>
</tr>
<tr>
<td>亿纬锂能</td>
<td>3.59</td>
<td>3.84%</td>
<td>-0.04</td>
</tr>
<tr>
<td>Rept Battero Energy</td>
<td>2.98</td>
<td>3.19%</td>
<td>+0.56</td>
</tr>
<tr>
<td>顺络</td>
<td>2.51</td>
<td>2.68%</td>
<td>-0.66</td>
</tr>
<tr>
<td>斯沃特能源</td>
<td>2.45</td>
<td>2.62%</td>
<td>-0.09</td>
</tr>
<tr>
<td>LG 能源解决方案</td>
<td>2.41</td>
<td>2.58%</td>
<td>+1.29</td>
</tr>
<tr>
<td>Energee</td>
<td>2.24</td>
<td>2.39%</td>
<td>+0.43</td>
</tr>
<tr>
<td>Zenergy</td>
<td>1.71</td>
<td>1.83%</td>
<td>-0.56</td>
</tr>
<tr>
<td>大湾区科技</td>
<td>0.65</td>
<td>0.70%</td>
<td>+0.19</td>
</tr>
<tr>
<td>Cornex</td>
<td>0.57</td>
<td>0.61%</td>
<td>-0.08</td>
</tr>
<tr>
<td>银牌电池</td>
<td>0.56</td>
<td>0.60%</td>
<td>+0.26</td>
</tr>
<tr>
<td>元航金利</td>
<td>0.54</td>
<td>0.58%</td>
<td>+0.07</td>
</tr>
</tbody>
</table>
<p>中国顶级电动车电池制造商市场份额（2025 年 11 月）</p>
<p><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/03/2025031803354024-768x512.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="768" height="512" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/03/2025031803354024-768x512.jpg"/></p>
<p>蔚来与宁德时代合作建立全球最大的电池交换网络</p>
<p>蔚来与宁德时代将建立全球最大的电池交换服务网络，Firefly 新开发的车型将采用宁德时代的 Choco-Swap 技术标准。</p>
<p>（$1 = 人民币 7.0067）</p>

蔚来汽车

蔚来-SW

宁德时代

<p>蔚来汽车已暂停与比亚迪的 FinDreams 的电池供应合作，原因是 L60 订单不足，导致对宁德时代的电池供应依赖加大。自 2014 年以来，宁德时代一直是蔚来的主要供应商，在运营挑战中支持蔚来，投资于蔚来电池和 Mirattery。宁德时代的工程能力帮助蔚来克服电池短缺，并计划在换电站双倍增加电池包。宁德时代在全球市场占有 38.1% 的份额，领先于电动汽车电池市场</p>

<blockquote>
<ul>
<li>Nio and BYD's FinDreams have suspended their battery supply cooperation as L60 orders are insufficient to support multiple suppliers, according to a local media report.</li>
<li>Nio has also increased its reliance on CATL's supply for other batteries used in the Nio brand and Onvo.</li>
</ul>
</blockquote>
<div class="lb-trans"><p>据当地媒体报道，由于 L60 订单不足以支持多个供应商，蔚来与比亚迪的 FinDreams 已暂停其电池供应合作。
蔚来还增加了对宁德时代其他电池供应的依赖。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/12/2025122709481441.jpg" alt="" original-src="https://cdn.cnevpost.com/wp-content/uploads/2025/12/2025122709481441.jpg"/></p>
<p>(Nio's third-generation ES8. Image credit: Nio)</p>
<div class="lb-trans"><p>（蔚来的第三代 ES8。图片来源：蔚来）</p>
</div><p>Nio Inc (NYSE: NIO, HKG: 9866) introduced new battery suppliers over the past two years to reduce its dependence on CATL (HKG: 3750, SHE: 300750). However, these efforts now appear to be reversing.</p>
<div class="lb-trans"><p>蔚来汽车（NYSE: NIO，HKG: 9866）在过去两年中引入了新的电池供应商，以减少对宁德时代（HKG: 3750，SHE: 300750）的依赖。然而，这些努力现在似乎正在逆转。</p>
</div><p>Nio has halted battery supply cooperation with BYD's (HKG: 1211, OTCMKTS: BYDDY) FinDreams Battery for its Onvo sub-brand's L60 midsize SUV (sport utility vehicle), as orders are insufficient to sustain multiple suppliers, local media outlet 36Kr reported today citing industry sources.</p>
<div class="lb-trans"><p>蔚来已停止与比亚迪（HKG: 1211，OTCMKTS: BYDDY）的 FinDreams 电池的供应合作，原因是其 Onvo 子品牌的 L60 中型 SUV 订单不足以维持多个供应商，今日当地媒体 36Kr 援引行业消息人士报道。</p>
</div><p>At the same time, for the 100-kWh batteries previously supplied partly by CALB (HKG: 3931) to the Nio main brand, the supplier has now switched to CATL, according to the report.</p>
<div class="lb-trans"><p>与此同时，关于之前部分由 CALB（HKG: 3931）供应给蔚来主品牌的 100 千瓦时电池，报告称该供应商现已转向宁德时代。</p>
</div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我们，关注 Telegram 或 Google News</p>
</div><p>For Onvo's 85-kWh long-range battery, Nio has also brought in CATL as a supplier, with the battery maker set to become the primary supplier for this battery, the report said.</p>
<div class="lb-trans"><p>对于 Onvo 的 85 千瓦时长续航电池，蔚来也引入了宁德时代作为供应商，报告称该电池制造商将成为该电池的主要供应商。</p>
</div><p>CATL has been Nio's primary battery supplier since the EV maker's founding in November 2014, serving as its sole supplier for many of its early years.</p>
<div class="lb-trans"><p>自 2014 年 11 月蔚来成立以来，宁德时代一直是蔚来的主要电池供应商，在其早期的许多年里，宁德时代是其唯一的供应商。</p>
</div><p>The two companies have maintained a close partnership, jointly establishing Mirattery, or Wuhan Weineng, with other shareholders to manage Nio's battery assets.</p>
<div class="lb-trans"><p>两家公司保持着密切的合作关系，共同成立了 Mirattery 或武汉威能，与其他股东共同管理蔚来的电池资产。</p>
</div><p>Over the past several years, Nio has introduced new battery suppliers including BYD, CALB, and Sunwoda (SHE: 300207) as new battery suppliers. It also attempted to produce its own battery cells, though this effort was abandoned due to financial constraints.</p>
<div class="lb-trans"><p>在过去的几年中，蔚来引入了包括比亚迪、CALB 和顺络（SHE: 300207）在内的新电池供应商。它还尝试生产自己的电池单元，但由于财务限制，这一努力被放弃。</p>
</div><p>Regarding Nio's battery supply situation, rapid changes emerged in 2025. Nio faces operational challenges, including pressure from battery payments, a situation CATL is well aware of, as noted by the 36Kr report.</p>
<div class="lb-trans"><p>关于蔚来的电池供应情况，2025 年出现了快速变化。蔚来面临运营挑战，包括电池付款压力，宁德时代对此情况非常清楚，正如 36Kr 报告所指出的。</p>
</div><p>CATL has taken steps to support Nio, investing in businesses like Nio Power and Mirattery to alleviate the funding needs of its major client, the report said.</p>
<div class="lb-trans"><p>宁德时代已采取措施支持蔚来，投资于蔚来动力和 Mirattery 等业务，以缓解其主要客户的资金需求，报告称。</p>
</div><p>For Nio, it has also acted accordingly, proactively increasing its battery supply from CATL, the report noted.</p>
<div class="lb-trans"><p>对于蔚来来说，它也相应采取了行动，主动增加了对宁德时代的电池供应，报告指出。</p>
</div><p>Beyond investments, CATL is also supporting Nio in product delivery.</p>
<div class="lb-trans"><p>除了投资，宁德时代还在产品交付方面支持蔚来。</p>
</div><p>Following the strong sales performance of the Onvo L90 and new ES8 models launched in the second half of 2025, CATL prioritized production resources from its Luoyang and Liyang facilities to support Nio's new vehicle deliveries amid tight capacity constraints, 36Kr said.</p>
<div class="lb-trans"><p>在 2025 年下半年 Onvo L90 和新 ES8 车型强劲销售表现之后，宁德时代优先从其洛阳和溧阳工厂调配生产资源，以支持蔚新的车辆交付，36Kr 表示。</p>
</div><p>Helping Nio navigate these challenges was a clear strategic choice for CATL, the report observed.</p>
<div class="lb-trans"><p>帮助蔚来应对这些挑战是宁德时代的明确战略选择，报告观察到。</p>
</div><p>With annual sales exceeding 200,000 units and battery demand at swap stations, Nio's annual battery procurement could reach 20 GWh, representing a value of at least RMB 10 billion ($1.43 billion), the report noted.</p>
<div class="lb-trans"><p>随着年销量超过 20 万辆和换电站的电池需求，蔚年的年电池采购量可能达到 20 GWh，价值至少为 100 亿元人民币（14.3 亿美元），报告指出。</p>
</div><p>Beyond its substantial support for Nio, CATL's robust engineering capabilities are also key to securing larger market shares.</p>
<div class="lb-trans"><p>除了对蔚来的大力支持，宁德时代强大的工程能力也是确保其获得更大市场份额的关键。</p>
</div><p>CALB was the preferred supplier for Onvo's 85-kWh battery, but numerous challenges arose during the process from cell production to packaging, shaking Nio's confidence in the partnership, according to 36Kr.</p>
<div class="lb-trans"><p>CALB 是 Onvo 的 85 千瓦时电池的首选供应商，但在从电池生产到包装的过程中出现了诸多挑战，动摇了蔚来对该合作关系的信心，36Kr 称。</p>
</div><p>CATL promptly recognized this opportunity and conducted assessments and preparations after the Chinese New Year this year. By mid-year, after receiving Nio's request, CATL achieved development and delivery within just five months, the report said.</p>
<div class="lb-trans"><p>宁德时代迅速识别了这一机会，并在今年春节后进行了评估和准备。到年中，在收到蔚来的请求后，宁德时代在短短五个月内实现了开发和交付，报告称。</p>
</div><p>By late July, the Onvo L90 equipped with the 85-kWh battery pack was launched with strong initial sales, with CATL's battery supply alleviating Nio's capacity constraints, the report noted.</p>
<div class="lb-trans"><p>到 7 月底，配备 85 千瓦时电池组的 Onvo L90 上市，初期销售强劲，宁德时代的电池供应缓解了蔚来的产能限制，报告指出。</p>
</div><p>&#34;CATL earned this money through its personnel readiness and engineering capabilities,&#34; a Nio insider cited by 36Kr said, adding that they had used products from multiple battery manufacturers.</p>
<div class="lb-trans"><p>“宁德时代通过其人员准备和工程能力赚取了这笔钱，” 一位蔚来的内部人士被 36Kr 引用说，并补充说他们使用了来自多个电池制造商的产品。</p>
</div><p>Nio faced battery shortages following the late-September launch of the third-generation Nio ES8 and the late-July rollout of the Onvo L90.</p>
<div class="lb-trans"><p>在 9 月底推出第三代蔚来 ES8 和 7 月底推出 Onvo L90 后，蔚来面临电池短缺。</p>
</div><p>This appears to have been swiftly resolved. Earlier this month, Onvo announced plans to double the number of available battery packs at swap stations within one month, indicating sufficient battery supply for vehicle production.</p>
<div class="lb-trans"><p>这似乎已迅速得到解决。本月初，Onvo 宣布计划在一个月内将换电站可用电池包的数量翻倍，表明车辆生产的电池供应充足。</p>
</div><p>CATL remains the world's largest battery supplier, maintaining its top position with a 38.1 percent global market share from January to October, according to South Korean market research firm SNE Research. It is the only manufacturer exceeding 30 percent market share.</p>
<div class="lb-trans"><p>根据韩国市场研究公司 SNE Research 的数据，宁德时代仍是全球最大的电池供应商，从 1 月到 10 月保持 38.1% 的全球市场份额，是唯一超过 30% 市场份额的制造商。</p>
</div><p>Market share of world's top EV battery makers (Jan-Oct 2025)</p>
<div class="lb-trans"><p>全球顶级电动汽车电池制造商的市场份额（2025 年 1 月至 10 月）</p>
</div><table>
<thead>
<tr>
<th>Company</th>
<th>Market Share (%)</th>
<th>Installations (GWh)</th>
</tr>
</thead>
<tbody>
<tr>
<td>CATL</td>
<td>38.1%</td>
<td>355.20</td>
</tr>
<tr>
<td>BYD</td>
<td>16.9%</td>
<td>157.90</td>
</tr>
<tr>
<td>LG Energy Solution</td>
<td>9.3%</td>
<td>86.50</td>
</tr>
<tr>
<td>CALB</td>
<td>4.7%</td>
<td>44.30</td>
</tr>
<tr>
<td>Gotion High-tech</td>
<td>4.1%</td>
<td>38.70</td>
</tr>
<tr>
<td>SK On</td>
<td>4.0%</td>
<td>37.70</td>
</tr>
<tr>
<td>Panasonic</td>
<td>3.8%</td>
<td>35.90</td>
</tr>
<tr>
<td>Samsung SDI</td>
<td>2.7%</td>
<td>25.10</td>
</tr>
<tr>
<td>Eve Energy</td>
<td>2.6%</td>
<td>24.60</td>
</tr>
<tr>
<td>Svolt</td>
<td>2.5%</td>
<td>23.70</td>
</tr>
<tr>
<td>Others</td>
<td>11.1%</td>
<td>103.90</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>公司</th>
<th>市场份额 (%)</th>
<th>安装量 (GWh)</th>
</tr>
</thead>
<tbody>
<tr>
<td>宁德时代</td>
<td>38.1%</td>
<td>355.20</td>
</tr>
<tr>
<td>比亚迪</td>
<td>16.9%</td>
<td>157.90</td>
</tr>
<tr>
<td>LG 能源解决方案</td>
<td>9.3%</td>
<td>86.50</td>
</tr>
<tr>
<td>CALB</td>
<td>4.7%</td>
<td>44.30</td>
</tr>
<tr>
<td>国轩高科</td>
<td>4.1%</td>
<td>38.70</td>
</tr>
<tr>
<td>SK On</td>
<td>4.0%</td>
<td>37.70</td>
</tr>
<tr>
<td>松下</td>
<td>3.8%</td>
<td>35.90</td>
</tr>
<tr>
<td>三星 SDI</td>
<td>2.7%</td>
<td>25.10</td>
</tr>
<tr>
<td>亿纬锂能</td>
<td>2.6%</td>
<td>24.60</td>
</tr>
<tr>
<td>斯沃特</td>
<td>2.5%</td>
<td>23.70</td>
</tr>
<tr>
<td>其他</td>
<td>11.1%</td>
<td>103.90</td>
</tr>
</tbody>
</table>
</div><p>Market Share of World's Top EV Battery Makers (Jan-Oct 2025)</p>
<div class="lb-trans"><p>全球顶级电动汽车电池制造商的市场份额（2025 年 1 月至 10 月）</p>
</div><p>In China, CATL held a 43.71 percent share of the overall battery market by battery installations in November, per data from the China Automotive Battery Innovation Alliance (CABIA).</p>
<div class="lb-trans"><p>在中国，根据中国汽车动力电池创新联盟（CABIA）的数据，宁德时代在 11 月的整体电池市场中占有 43.71% 的份额。</p>
</div><p>Share of top EV battery makers in China (Nov 2025)</p>
<div class="lb-trans"><p>中国顶级电动汽车电池制造商的市场份额（2025 年 11 月）</p>
</div><table>
<thead>
<tr>
<th>Company</th>
<th>Installations (GWh)</th>
<th>Market share (%)</th>
<th>Share vs Prev Month</th>
</tr>
</thead>
<tbody>
<tr>
<td>CATL</td>
<td>40.87</td>
<td>43.71%</td>
<td>+0.71</td>
</tr>
<tr>
<td>BYD</td>
<td>19.04</td>
<td>20.36%</td>
<td>-0.93</td>
</tr>
<tr>
<td>CALB</td>
<td>5.96</td>
<td>6.37%</td>
<td>-0.61</td>
</tr>
<tr>
<td>Gotion High-tech</td>
<td>5.89</td>
<td>6.30%</td>
<td>-0.34</td>
</tr>
<tr>
<td>Eve Energy</td>
<td>3.59</td>
<td>3.84%</td>
<td>-0.04</td>
</tr>
<tr>
<td>Rept Battero Energy</td>
<td>2.98</td>
<td>3.19%</td>
<td>+0.56</td>
</tr>
<tr>
<td>Sunwoda</td>
<td>2.51</td>
<td>2.68%</td>
<td>-0.66</td>
</tr>
<tr>
<td>Svolt Energy</td>
<td>2.45</td>
<td>2.62%</td>
<td>-0.09</td>
</tr>
<tr>
<td>LG Energy Solution</td>
<td>2.41</td>
<td>2.58%</td>
<td>+1.29</td>
</tr>
<tr>
<td>Energee</td>
<td>2.24</td>
<td>2.39%</td>
<td>+0.43</td>
</tr>
<tr>
<td>Zenergy</td>
<td>1.71</td>
<td>1.83%</td>
<td>-0.56</td>
</tr>
<tr>
<td>Greater Bay Technology</td>
<td>0.65</td>
<td>0.70%</td>
<td>+0.19</td>
</tr>
<tr>
<td>Cornex</td>
<td>0.57</td>
<td>0.61%</td>
<td>-0.08</td>
</tr>
<tr>
<td>Yinpai Battery</td>
<td>0.56</td>
<td>0.60%</td>
<td>+0.26</td>
</tr>
<tr>
<td>Yuanhang Genlead</td>
<td>0.54</td>
<td>0.58%</td>
<td>+0.07</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>公司</th>
<th>安装量 (GWh)</th>
<th>市场份额 (%)</th>
<th>与上月相比</th>
</tr>
</thead>
<tbody>
<tr>
<td>宁德时代</td>
<td>40.87</td>
<td>43.71%</td>
<td>+0.71</td>
</tr>
<tr>
<td>比亚迪</td>
<td>19.04</td>
<td>20.36%</td>
<td>-0.93</td>
</tr>
<tr>
<td>CALB</td>
<td>5.96</td>
<td>6.37%</td>
<td>-0.61</td>
</tr>
<tr>
<td>国轩高科</td>
<td>5.89</td>
<td>6.30%</td>
<td>-0.34</td>
</tr>
<tr>
<td>亿纬锂能</td>
<td>3.59</td>
<td>3.84%</td>
<td>-0.04</td>
</tr>
<tr>
<td>Rept Battero Energy</td>
<td>2.98</td>
<td>3.19%</td>
<td>+0.56</td>
</tr>
<tr>
<td>顺络</td>
<td>2.51</td>
<td>2.68%</td>
<td>-0.66</td>
</tr>
<tr>
<td>斯沃特能源</td>
<td>2.45</td>
<td>2.62%</td>
<td>-0.09</td>
</tr>
<tr>
<td>LG 能源解决方案</td>
<td>2.41</td>
<td>2.58%</td>
<td>+1.29</td>
</tr>
<tr>
<td>Energee</td>
<td>2.24</td>
<td>2.39%</td>
<td>+0.43</td>
</tr>
<tr>
<td>Zenergy</td>
<td>1.71</td>
<td>1.83%</td>
<td>-0.56</td>
</tr>
<tr>
<td>大湾区科技</td>
<td>0.65</td>
<td>0.70%</td>
<td>+0.19</td>
</tr>
<tr>
<td>Cornex</td>
<td>0.57</td>
<td>0.61%</td>
<td>-0.08</td>
</tr>
<tr>
<td>银牌电池</td>
<td>0.56</td>
<td>0.60%</td>
<td>+0.26</td>
</tr>
<tr>
<td>元航金利</td>
<td>0.54</td>
<td>0.58%</td>
<td>+0.07</td>
</tr>
</tbody>
</table>
</div><p>Share of Top EV Battery Makers in China (Nov 2025)</p>
<div class="lb-trans"><p>中国顶级电动车电池制造商市场份额（2025 年 11 月）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/03/2025031803354024-768x512.jpg" alt="" original-src="https://cdn.cnevpost.com/wp-content/uploads/2025/03/2025031803354024-768x512.jpg"/></p>
<p>Nio partners with CATL to create world's largest battery swap network</p>
<div class="lb-trans"><p>蔚来与宁德时代合作建立全球最大的电池交换网络</p>
</div><p>Nio and CATL to build the world's largest battery swap service network, and Firefly's newly developed models will use CATL's Choco-Swap technology standard.</p>
<div class="lb-trans"><p>蔚来与宁德时代将建立全球最大的电池交换服务网络，Firefly 新开发的车型将采用宁德时代的 Choco-Swap 技术标准。</p>
</div><p>($1 = RMB 7.0067)</p>
<div class="lb-trans"><p>（$1 = 人民币 7.0067）</p>
</div>

Nio moves toward greater reliance on CATL for batteries, report says

- 尼欧与比亚迪的 FinDreams 暂停电池供应合作，因 L60 订单不足。  
- 尼欧增加对 CATL 的依赖，新的电池供应商引入进展不顺。  
- CATL 成为尼欧主要电池供应商，市场份额达到 38.1%。

报告称，蔚来汽车正逐步加大对宁德时代电池的依赖