---
title: "蔚来在创纪录的交付后，第一季度的收益将检验其利润率的强度"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286683451.md"
description: "蔚来在 2026 年第一季度报告了创纪录的车辆交付量，达到 83,465 辆，同比增长 98%。该公司旨在在 2025 年第四季度实现首次季度盈利后，保持接近 18% 的利润率。然而，尽管运营表现强劲，美中紧张关系和估值担忧仍然构成风险"
datetime: "2026-05-17T22:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286683451.md)
  - [en](https://longbridge.com/en/news/286683451.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286683451.md)
---

# 蔚来在创纪录的交付后，第一季度的收益将检验其利润率的强度

Record vehicle deliveries: Nio delivered 83,465 vehicles in Q1 2026, up 98% year over year and exceeding its own guidance. Profitability in focus: After its first quarterly profit in Q4 2025, Nio aims to sustain margins near 18% while scaling output. Geopolitical overhang: U.S.-China tensions and valuation concerns remain key risks despite strong operational performance.

### 相关股票

- [NIO.US](https://longbridge.com/zh-CN/quote/NIO.US.md)
- [DRIV.US](https://longbridge.com/zh-CN/quote/DRIV.US.md)
- [CARZ.US](https://longbridge.com/zh-CN/quote/CARZ.US.md)
- [09866.HK](https://longbridge.com/zh-CN/quote/09866.HK.md)
- [NIO.SG](https://longbridge.com/zh-CN/quote/NIO.SG.md)

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