如果含上市前数据，截至2024年底，蔚来累计亏损已超1000亿元，而2025年前三季度总亏损152.2亿元，尽管亏损在持续收窄、营收规模在增长，但常年保持近20%的高研发投入，叠加庞大的基础设施运营成本，如同两道枷锁，让蔚来难以脱身。这正是李斌急于将芯片、换电业务分拆融资的核心动因：通过“分拆”将巨额研发成本移出上市公司报表，缓解资本市场对“千亿亏损”的担忧。
根据三星官网，标准版 S26 国行仅提供 12+256GB 一种配置，价格相比去年上涨 1000，来到了 6999 元起：
。51吃瓜对此有专业解读
Before we get into the code, we need to understand why this was always going to end in a bloodbath. The entire history of DRM is, at its core, a history of trying to give someone a locked box while simultaneously handing them the fucking key. The film and music industries have been losing this battle since the first CSS-encrypted DVD was cracked in 1999.
又一个「豆包手机」，来自 Android 官方