Core Viewpoint - Leap Motor (09863) has achieved a record high in September deliveries, reaching 66,657 units, representing a year-on-year growth of over 97%, marking the first time monthly sales have surpassed 60,000 units [1] Group 1: Delivery Performance - Leap Motor's September delivery volume sets a new record for the company and the new energy vehicle sector, leading the delivery rankings for seven consecutive months [1] - The C10 model has been the best-selling medium-sized SUV among new energy vehicles for four consecutive months, while the C16 model has maintained the top sales position in the large SUV category under 200,000 yuan for eight months [1] Group 2: Product Development - The company is set to launch multiple new products, enhancing its product lineup [1] - The D19 model, a luxury flagship full-size SUV, is scheduled for release on October 16, with an expected market entry in Q1 2026 [1] - The Lafa5, a pure electric hatchback, made its debut at the Munich Auto Show on September 8, targeting a younger, sportier demographic and is currently open for blind orders [1] Group 3: Market Outlook - The steady increase in sales and the upcoming new product launches are expected to further expand the company's market presence [1]

Core Viewpoint - Leap Motor (09863) reported a record high delivery volume of 66,657 units in September, marking a year-on-year increase of over 97%, and becoming the first new energy vehicle manufacturer to exceed 60,000 units in a single month [1] Group 1: Delivery Performance - Leap Motor achieved a new monthly delivery record, leading the new energy vehicle sector for seven consecutive months [1] - The C10 model has been the best-selling medium-sized SUV among new energy vehicles for four months, while the C16 has maintained the top position in the large SUV category under 200,000 yuan for eight months [1] Group 2: Product Development - The company is set to launch multiple new products, enhancing its product lineup [1] - The D19, a luxury flagship full-size SUV, will be unveiled on October 16 and is expected to be priced above 200,000 yuan, with a launch planned for Q1 2026 [1] - The Lafa5, a pure electric hatchback, made its debut at the Munich Auto Show and is aimed at a younger, sportier market, with blind orders already open [1]

每经AI快讯，10月2日，港股新能源车企多数上涨，蔚来汽车(09866.HK)一度涨超7%，小米集团 (01810.HK)、零跑汽车(09863.HK)涨超3%，比亚迪股份(01211.HK)涨2.6%，小鹏汽车(09868.HK)涨超 1%。 ...

Core Insights - Leap Motor achieved a record delivery of 66,657 vehicles in September, marking a 97% year-on-year increase and surpassing the 60,000 unit milestone for the first time [2] - The company celebrated the production of its one-millionth vehicle on September 25, signifying a significant scale-up in operations [2] Product and Technology Development - The flagship technology platform and new product launches are progressing in tandem, with the global debut of the D19 model scheduled for October [2] - The Lafa5 model made its global debut at the Munich International Motor Show in September, with plans for a domestic launch in China in Q4 2025 [2] - The B10 model is also set to enter overseas markets, highlighting the company's commitment to technological innovation and global expansion [2] Sales Performance - The C10 model has maintained its position as the best-selling medium-sized SUV among new forces for four consecutive months, leading in cumulative sales from January to August [2] - The C16 model has topped the list of large SUVs priced under 200,000 yuan for eight consecutive months [2] - The 2026 versions of the C16 and C10 have secured the top two spots in net promoter score (NPS) among new energy SUVs priced under 200,000 yuan [2] Brand Influence - Olivier Giroud, the World Cup champion, became the 160,000th owner of the C10 model, further enhancing the brand's international influence [2] - Leap Motor aims to leverage the milestone of one million vehicles produced as a new starting point to continuously exceed customer expectations in products and experiences [2]

（文章来源：第一财经） 第7财经 造车新势力 9月成绩单 同比增速 ● 交付量 ▲ 超97% D 66657 U 零跑 n 10 k 52916 极镜 ▲ 8.5% 51159 小鹏 95% 41581 ▲ 超40000 小米 E 尉米 34749 ▲ 64% 33951 理想 33626 ▲ 48.1% 深蓝 29113 埃安 15224 岚图 ...

Group 1 - NIO's delivery volume includes NIO, Ladao, and Firefly brands, with NIO brand delivering 13,728 units, Ladao brand delivering 15,246 units, and Firefly brand delivering 5,775 units [3] - Zeekr Technology's delivery volume includes Zeekr and Lynk & Co brands, with Zeekr brand delivering 18,257 units and Lynk & Co brand delivering 32,902 units [3]

Group 1: Price Adjustments at Xibei - Xibei has announced significant price reductions on its menu items, with some dishes seeing price cuts exceeding 20% [1] - The price changes were implemented on October 1, with staff updating old menus with new price tags due to the sudden notice [1] - Examples of price changes include: - Scallion Grilled Fish reduced from 89 yuan to 79 yuan (11% decrease) - Sesame Oil Cucumber reduced from 23 yuan to 19 yuan (17% decrease) - Five Tomato Sour Soup Fish reduced from 29 yuan to 23 yuan (20% decrease) [1] Group 2: Tesla's Market Performance - Elon Musk has become the world's first billionaire to surpass $500 billion in net worth, largely due to Tesla's stock performance [2] - Tesla's stock rose by 2.6% to $456.29, reaching a year-high and bringing its market capitalization back to $1.5 trillion [2] - The increase in Tesla's sales in Europe, particularly in France and Denmark, is attributed to strong demand for the Model Y [2] Group 3: New Energy Vehicle Deliveries - In September, seven car manufacturers delivered over 30,000 new energy vehicles, with five companies reporting year-on-year growth exceeding 50% [3] - BYD delivered 396,000 units, a year-on-year decrease of 5.52%, but a month-on-month increase of 6.06% [3] - Leap Motor and Xiaopeng reported significant growth, with deliveries increasing by 97.4% and 94.74% respectively [3] Group 4: Investment Activities - Mixue Group plans to invest 285.6 million yuan to acquire a 51% stake in Fulu Family (Zhengzhou) Enterprise Management [2] - After the investment, Mixue will hold a total of 53% of Fulu Family, making it a non-wholly owned subsidiary [2] Group 5: Apple and AI Developments - Apple has denied any wrongdoing in its collaboration with OpenAI, stating that it plans to work with various AI companies, including xAI [3] - The company is facing a lawsuit from Musk's xAI, which claims that Apple's partnership with OpenAI stifles innovation [3] Group 6: Microsoft and AI Integration - Microsoft is integrating AI services into its Office software, launching a higher-priced version of Microsoft 365 at $19.99 per month [5] - This move aims to enhance competition with OpenAI's ChatGPT [5] Group 7: Automotive Industry Developments - Toyota Kirloskar Motor is reportedly considering an IPO in India, aiming to raise approximately $700-800 million [6] - The formal IPO process has not yet begun, and the company has denied any such plans [6] Group 8: Financial Performance of Nike - Nike reported Q1 revenue of $11.72 billion, a year-on-year increase of 1.1%, surpassing expectations [6] - The company's gross margin was 42.2%, down from 45.4% in the previous year [6] Group 9: ExxonMobil's Workforce Reduction - ExxonMobil announced a global workforce reduction of approximately 2,000 positions, representing about 3-4% of its total workforce [6] - This move is part of a long-term restructuring plan to consolidate smaller offices into regional centers [6]

Group 1: Price Adjustments at Xibei - Xibei has implemented significant price reductions across its menu, with some dishes seeing price drops exceeding 20% [1] - Specific examples of price changes include: - Grassland Tender Grilled Lamb Chops reduced from 119 RMB to 109 RMB - Scallion Grilled Fish reduced from 89 RMB to 79 RMB - Yellow Rice Cake (6 pieces) reduced from 29 RMB to 26 RMB [1][2] Group 2: Tesla's Market Performance - Elon Musk has become the world's first billionaire to surpass 500 billion USD in net worth, largely due to Tesla's stock performance [2] - Tesla's stock rose by 2.6% to 456.29 USD, reaching a year-to-date high and a market capitalization of 1.5 trillion USD, driven by strong demand for the Model Y in Europe [2] Group 3: New Energy Vehicle Deliveries - In September, seven companies delivered over 30,000 new energy vehicles, with five companies reporting year-on-year growth exceeding 50% [3][4] - BYD delivered 396,000 vehicles, a year-on-year decrease of 5.52%, but a month-on-month increase of 6.06% [3] - Other notable deliveries include: - Leap Motor: 67,000 vehicles, up 97.4% year-on-year - Xiaopeng: 42,000 vehicles, up 94.74% year-on-year - NIO: 35,000 vehicles, up 64.06% year-on-year [4] Group 4: M&A Activity in the Food and Beverage Sector - Mixue Group plans to invest 285.6 million RMB to acquire a 51% stake in Fulu Family (Zhengzhou) Enterprise Management [4] - This acquisition will make Fulu Family a non-wholly owned subsidiary of Mixue Group [4] Group 5: Technology and AI Developments - Apple has denied any wrongdoing in its collaboration with OpenAI, stating that it plans to work with various AI chatbots in the future [8] - Microsoft is integrating AI services into its Office suite to compete with ChatGPT, launching a higher-priced version of Microsoft 365 [11] - Apple is shifting focus from upgrading its Vision Pro headset to developing smart glasses to compete with Meta's products [11] Group 6: Financial Performance of Nike - Nike reported Q1 revenue of 11.72 billion USD, a year-on-year increase of 1.1%, surpassing estimates [11] - The gross margin for the quarter was 42.2%, down from 45.4% year-on-year but above the expected 41.7% [11] Group 7: Employment Changes in Major Corporations - ExxonMobil announced a global workforce reduction of approximately 2,000 positions, representing about 3% to 4% of its total workforce [12] - The layoffs are part of a long-term restructuring plan focused on core growth projects [12]

每经编辑｜张喜威 王晓波 1 隔夜市场 美股三大指数集体收涨，道指涨0.09%，纳指涨0.42%，标普500指数涨0.34%，英特尔涨超7%，特斯拉涨超3%，微软、苹果、谷歌、亚马逊涨幅不足1%， Meta跌超2%；减肥药、药品制造商、半导体设备概念涨幅居前，阿斯利康涨近10%，美光科技、礼来涨超8%，默沙东、罗氏涨超7%，辉瑞、诺和诺德涨超 6%，阿斯麦涨超3%。纳斯达克中国金龙指数涨1.44%，中概股普遍上涨，百度、世纪互联涨超4%，京东涨超3%，阿里巴巴涨超2%，哔哩哔哩、小鹏汽车 涨超1%。 美国9月ISM制造业PMI为49.1，预估49，前值48.7。美国9月标普全球制造业PMI终值为52，前值52。 国际贵金属期货普遍收涨，COMEX黄金期货涨0.5%，报3892.6美元/盎司；COMEX白银期货涨1.67%，报47.42美元/盎司。 国际油价走低，美油主力合约收跌0.91%，报61.8美元/桶；布伦特原油主力合约跌0.95%，报65.4美元/桶。 欧洲三大股指收盘全线上涨，德国DAX指数涨0.98%报24113.62点，法国CAC40指数涨0.9%报7966.95点，英国富时100指数涨1.03 ...

Core Viewpoint - In September, the sales of new energy vehicles (NEVs) in China saw a significant increase for many manufacturers, while BYD experienced a decline in monthly sales compared to the previous year, primarily due to a drop in plug-in hybrid vehicle sales [2][5][6]. Summary by Category BYD Performance - BYD's NEV sales in September were 396,270 units, a year-on-year decrease of 5.52% [5][6]. - The decline was mainly attributed to a 25.58% drop in plug-in hybrid vehicle sales, which totaled 188,000 units, while pure electric vehicle sales increased by 24.31% to 205,000 units [6][10]. - BYD's overseas sales have stagnated since reaching a peak in June, with September's figures only slightly above those of January and February [9][10]. Competitor Performance - Geely's NEV sales reached 165,201 units in September, marking an 81.27% increase year-on-year [5][12]. - Great Wall Motors achieved 45,961 units in NEV sales, a 52.55% increase year-on-year [5][11]. - New energy vehicle sales from emerging manufacturers like Leap Motor and Xiaomi also hit record highs, with Leap Motor delivering 66,670 units, a 97.40% increase [5][17]. Emerging Manufacturers - Leap Motor became the first among new car manufacturers to exceed 60,000 monthly deliveries, marking a significant milestone [15][17]. - Xiaopeng and Xiaomi both surpassed 40,000 units in September, indicating a rising threshold for new energy vehicle sales among emerging manufacturers [17][20]. - NIO's deliveries reached 34,700 units, a 64.06% increase year-on-year, while Li Auto's deliveries fell by 36.79% to 34,000 units [20][25]. Market Trends - The market is witnessing a shift towards pure electric vehicles, with NIO focusing on this technology route and expecting 2025 to be a pivotal year for the NEV market [24][25]. - Li Auto is transitioning to pure electric models, with new launches aimed at enhancing their market position [27].