销量规模是基础。2025年Q4，蔚来三个品牌合计交付12.48万辆（蔚来品牌6.74万辆，乐道3.83万辆，萤火虫1.91万辆），同比增加71.7%，环比增加43.3%。这是蔚来单季交付量最高的一次，也是2025年（32.6万辆）占比最重的一个季度，贡献了38%的交付量。
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Demand for Ukraine’s drone defence technology could lead to new defence partnerships for Kyiv, but equally could mean fewer drones for Ukraine itself in a stretched market, says Shaun Walker, the Guardian’s central and eastern Europe correspondent. Ukraine has significant experience battling the Shahed drones now being used by Iran to attack its Gulf neighbours, something that Volodymyr Zelenskyy has publicly said he is ready to share in return for help against Russia. “We are ready to help, and expect that our people will also receive the necessary support,” he said over the weekend. However, the attention of the White House is now elsewhere, perhaps drawing momentum away from peace talks with Moscow, and the attack on Iran seems to reinforce Vladimir Putin’s view of the world, in which stronger nations can target their weaker adversaries with impunity.
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《智能涌现》：这些流量听起来好像很碎片化，背后的价值到底有多大？