这并非蔚来第一次将核心重资产业务“分拆融资”。此前，蔚来换电业务（NIO Power）的独立曾为李斌赢得短暂的喘息时间；如今，这一剧本再度上演，只是主角换成了更烧钱、周期更长、风险更高的芯片业务。
First FT: the day’s biggest stories
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I started thinking about the side hustle idea at the end of 2024, standing in the pasta aisle at Whole Foods. As a busy working mom, I didn’t always have time to make sauce from scratch, but the options in front of me felt either overpriced, overly processed or outdated. Even the packaging leaned on cliche, old-fashioned depictions of Italy. Nothing felt modern or inspiring.