关注 「电动车公社」 和我们一起重新思考汽车 5月的新能源汽车市场，可以用大盘稳健、局部震荡来形容 。 不变的是，市场销售态势依旧一片火热。在国补政策加持下，领头的比亚迪、吉利、奇瑞这三家也先后开启了限时优惠，其他品牌逐步跟进，把新能源的盘子 越做越大； 而出现变化的，则是具体到各家的销量排名，以及个别品牌1号的"考勤情况"。 相信各位小伙伴也看出来了，车企早就习惯了报喜不报忧：成绩好就发得早，不太理想就暂时缺席，下个月再重振旗鼓…… 因此，大部分汽车集团、乃至独立品牌，都没有形成在1号必发销量的习惯。 那么，1号发销量的品牌里，究竟表现如何？ 我们一起来看看这份5月份的交付量/销量成绩单吧~ 比亚迪5月乘用车销量376930台 5月，吉利汽车新能源销量138021台。其中，吉利银河品牌销量101845台，领克新能源家族销量17268台，极氪品牌交付18908台。 5月，比亚迪乘用车销量376930台。其中王朝+海洋348393台，方程豹12592台，腾势15806台，仰望汽车139台。 1、 1月 2月 3月 4月 5月 新能源累销超 -- 1230万辆 比亚迪汽车 王朝|海洋 348393 五月销售 同比 ...

Group 1: Xiaomi Automotive - In May 2025, Xiaomi delivered over 28,000 units of its SU7 model and is preparing for mass production of the YU7, expected to start in July 2025 [2][4] - The SU7 series has achieved cumulative deliveries of 258,000 units since its launch, with 75,869 units delivered in Q1 2025, reflecting a quarter-on-quarter growth of 8.9% [5] - The YU7 has received significant interest, with user inquiries three times higher than those for the SU7 at the same stage, indicating strong market potential [6] Group 2: Li Auto - Li Auto reported 40,856 vehicle deliveries in May 2025, a year-on-year increase of 16.7%, bringing total deliveries to 1,301,531 units [6] - The company achieved revenue of 25.93 billion yuan in Q1 2025, a 1.1% increase year-on-year, with a net profit of 646.6 million yuan, up 9.4% [6] - Li Auto plans to launch two new electric SUVs in the second half of the year, with the first model, Li i8, set to debut in July [7] Group 3: XPeng Motors - XPeng delivered 33,525 vehicles in May 2025, marking a 230% year-on-year increase, and has maintained over 30,000 deliveries for seven consecutive months [7] - The company reported a revenue of 15.81 billion yuan in Q1 2025, a 141.5% increase year-on-year, with total deliveries reaching 94,008 units, a 330.8% increase [8] - XPeng is expanding into European markets, having entered Italy and Poland, and aims to accelerate its global market presence [8] Group 4: Leap Motor - Leap Motor achieved a record monthly delivery of 45,067 vehicles in May 2025, representing a year-on-year growth of over 148% [9] - The company reported revenue of 10.02 billion yuan in Q1 2025, a 187.1% increase year-on-year, driven by a 162.1% increase in sales [9] - Leap Motor is focusing on overseas markets, with plans for local assembly in Malaysia by the end of 2025 and aims for localized manufacturing in Europe by 2026 [10] Group 5: Avita - Avita sold 12,767 vehicles in May 2025, a 179% year-on-year increase, achieving over 50,000 cumulative sales from January to May 2025 [10] - The brand has successfully entered markets such as Thailand and the UAE, with plans to expand to 50 countries by 2025 and enter Europe in 2026 [10]

今日（6月1日），多家车企公布5月交付数据。 据小米汽车官微消息，2025年5月小米汽车交付量超过28000辆。同时，小米汽车正在为小米YU7大规模量产做 准备。 小米创始人雷军也在今日发布微博称，2025年5月小米SU7交付量超28000辆，小米正在全力为小米YU7大规模 量产做准备，预计7月份量产。 此外，雷军还表示，刚学会一句莫言名言：诋毁，本身就是一种仰望。 就在昨日深圳开幕的第二十九届粤港澳大湾区国际汽车博览会上，小米汽车展台热度爆棚，尤其是小米首款 SUV车型YU7的首次亮相，吸引了众多消费者的目光。有参展观众和记者表示，现场还有其他小米家族的汽 车，包括SU7 Ultra以及6款不同车色的小米SU7也一同亮相，堪称一场顶级视觉盛宴。 "我一直关注小米的汽车，正好也有换车的打算，这次来车展正好可以近距离看看小米的各种车型，沉浸式体 验一下小米'人车家全生态'，总体感觉还是不错，还是比较倾向于SUV的车型，但这个定价区间内可选的车型 也比较多，先都看看再定更换哪个。"上述参观车展人士透露。 小米最新发布的2025年一季度财报显示，小米SU7系列自上市以来累计交付25.8万辆，其中2025年第一季度交 ...

Group 1 - The core viewpoint of the news highlights that Leap Motor achieved a record high in vehicle deliveries in May 2025, with a total of 45,067 units delivered, representing a year-on-year growth of over 148%, maintaining its leading position among new car manufacturers for three consecutive months [1] - Leap Motor's strong growth in the mass-market electric vehicle sector reflects the brand's increasing reputation and product competitiveness in the context of rational consumer trends [1] - The founder and CEO of Leap Motor, Zhu Jiangming, emphasized the importance of in-house technology development since the company's inception in 2015, which has led to controllable costs and quality advantages, allowing consumers to enjoy high-quality products at lower prices [4] Group 2 - The 2026 model Leap C10 was officially launched on May 15, featuring high-end configurations such as an 800V high-voltage platform and laser radar-assisted driving, aimed at redefining the value baseline for family SUVs in the 140,000 RMB market segment [6] - The Leap C11, which has been a best-seller for four years, has surpassed cumulative sales of 250,000 units, showcasing a trend of "reverse internet celebrity" with its superior product quality [8] - Looking ahead, Leap Motor plans to continue focusing on user-centric strategies, enhance brand value, innovate technology, and accelerate internationalization to create more value for users and improve their overall experience [8]

Group 1 - The core point of the article is that Leap Motor achieved a significant monthly delivery volume of 45,067 vehicles in May 2025, reflecting a growth rate exceeding 148% [1]

近日，比亚迪多车型降价促销，此后吉利、零跑等车企跟进，汽车市场新一轮"价格战"再次开打。5月 31日，针对新一轮"价格战"，中国汽车工业协会发布《关于维护公平竞争秩序，促进行业健康发展的倡 议》，直言"内卷式"竞争没有赢家。此后，工业和信息化部相关负责人也表态，支持中汽协提出的《倡 议》。 在《倡议》中，中汽协表示，一段时间以来，行业盈利水平下降，以无序"价格战"为主要表现形式 的"内卷式"竞争，是行业效益下降的重要因素。产品售后服务保障、企业创新发展需要持续加大投入， 而"价格战"严重影响企业正常经营，冲击产业链供应链安全，把产业发展带入恶性循环。 中汽协在《倡议》中提到，5月23日以来，某车企率先发起大幅降价活动，多家企业跟进效仿，引发新 一轮"价格战"恐慌。无序"价格战"加剧恶性竞争，将进一步挤压企业利润空间，进而影响产品质量和售 后服务保障，不仅阻碍行业自身健康发展，也将危害消费者权益，并带来安全隐患。 鉴于此，中汽协倡议：所有企业严格遵从公平竞争原则，依法依规开展经营活动；优势企业不为垄断市 场，挤压其他主体生存空间，损害其他经营者合法权益；企业在依法降价处理商品以外，不以低于成本 的价格倾销商品， ...

Group 1 - The core viewpoint of the news is that Leapmotor's revenue and gross margin have significantly improved in Q1 2025, indicating a positive trend in the company's financial performance [1][2][4] - Leapmotor's Q1 2025 revenue reached 10.02 billion yuan, a year-on-year increase of 187.1%, driven by a 162.1% increase in sales and an optimized product mix [1] - The company's net profit attributable to shareholders in Q1 2025 was -130 million yuan, a substantial improvement from -1.01 billion yuan in the same period of 2024 [1] Group 2 - The gross margin for Q1 2025 was 14.9%, marking a historical high compared to 8.38% for the entire year of 2024 and -1.4% in Q1 2024 [2] - Sales, administrative, and R&D expenses for Q1 2025 were 610 million yuan, 380 million yuan, and 800 million yuan respectively, with corresponding expense ratios continuing to decline [2] - The average revenue per vehicle in Q1 2025 was 114,400 yuan, with a record low vehicle cost of 97,400 yuan, resulting in a vehicle gross profit of 17,100 yuan [2] Group 3 - The new C10 model was officially launched on May 15, 2025, featuring comprehensive upgrades in electric and intelligent technology, with a price range of 122,800 to 142,800 yuan [3] - The C10 model includes high-end features such as laser radar and an 800V high-voltage platform, with a pure electric range of 605 km and a hybrid version offering a total range of 1190 km [3] - The B01 model, which debuted at the Shanghai Auto Show in April 2025, emphasizes a youthful and technological design [3] Group 4 - The company has raised its revenue forecast for 2025-2027 to 66.8 billion, 99.9 billion, and 124.4 billion yuan respectively, with year-on-year growth rates of 107.6%, 49.5%, and 24.5% [4] - The net profit forecast for 2025-2027 has been adjusted to 578 million, 2.877 billion, and 5.674 billion yuan, a significant increase from previous estimates [4] - The expected EPS for 2025-2027 is 0.43, 2.15, and 4.24 yuan respectively, reflecting a positive outlook for the company's profitability [4]

零跑2025Q1 平均单车收入持续提升，毛利率再创历史新高超预期。零跑汽车2025 年一季度销量8.8 万 辆，同比+162.1%，环比-30.6%，其中C 系列占比约77.5%，同比+5.7pct。 2025Q1 公司实现营收100.2 亿元，同比+187.4%，环比-25.6%，对应平均单车收入11.4万元，同比+1.0 万元，环比+0.8 万元。公司2025Q1 毛利率达14.9%，同比提升16.2pct实现扭亏，环比+1.6pct，创历史 新高，盈利水平超预期，同比提升主要系：1）规模效应；2）持续降本增效；3）产品结构优化；环比 提升主要系战略合作带来的毛利增长。费用方面，2025Q1 销售、行政及一般费用率9.9%，同 比-6.4pct，环比+2.1pct；研发费用8.0亿元，对应研发费用率8.0%，同比-6.9pct，环比+1.3pct，公司计 划全年持续加大研发投入，预计2025 年智驾总投入8 亿元。受益于前述多种因素公司盈利水平表现超预 期，2025Q1 公司实现归母净利润（GAAP）-1.3 亿元，同比大幅减亏，对应利润率-1.3%，对应单车盈 利-0.1 万元，同比+2.9 万元，环比 ...

受益于战略合作，公司2025Q1 毛利率超预期。2025Q1，零跑汽车实现100.2 亿元，同比增长187.1%， 主要系1）Q1 销量同比增长162%至87552 辆，2）产品组合优化，单车收入同比增长4.9%。Q1 毛利率 实现14.9%，超出预期，同比从-1.4%扭亏，环比提升1.6pct，主要是受益于1）销量同比提升带来的规模 效应，2）成本管控，3）产品结构优化，4）战略合作等。细分来看，公司Q1 汽车毛利率环比略有下 降，这表明来自战略合作的业务毛利率较高。营业费用环比有所减少，归母净亏损为-1.3 亿元，归母净 亏损率录得1.3%。展望Q2，公司预计销量有望实现13-14 万、毛利率环比有所回落、Q2 净利润盈亏平 衡。展望2025 年全年，公司预计全年销量50-60 万、毛利率10%-12%、全年净利润盈亏平衡。 Q1 销量强势，B 系列新车发布、C 系列改款升级，有望推动销量持续增长。零跑Q1销量87552 辆，同 比增长162%，其中C 系列占比提升5.7pct 至77.5%。1）车型方面，公司仍处于强势的产品周期。基于 全新LEAP 3.5 架构的B 平台首款车型B10 于4月10 日上 ...

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