2026年，是蔚来生死大考的关键之年，盈利与否关乎这家新势力车企的命运。若销量不能突破瓶颈，若技术无法转化为商业闭环，那么再精妙的财技，也挡不住市场规律的铁拳。
Additional reporting by Hosu Lee and Leehyun Choi in Seoul
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