Major Events - Black Sesame Intelligence (02533) plans to acquire and increase its stake to 60% in Zhuhai Yizhi Electronic Technology, aiming to establish a full-scenario ecosystem for AI chips [1] - China Biopharmaceutical (01177) has completed the enrollment of the first patient in the Phase III clinical trial of its self-developed TDI01 "ROCK2 inhibitor" for the treatment of idiopathic pulmonary fibrosis [1] - Cao Cao Travel (02643) sees a positive outlook and its controlling shareholder voluntarily extends the lock-up commitment [1] - Laike Pharmaceutical-B (02105) has completed the first dosing of the Phase I single-dose escalation study for LAE103 [1] - VALA (02051) has launched its new model, Vala Home, and is collaborating with Ruichi Automobile to enhance production capacity and delivery systems [1] Operating Performance - BYD Company (01211) expects to achieve approximately 4.6024 million units in new energy vehicle sales for 2025, representing a year-on-year increase of 7.73% [1] - Geely Automobile (00175) reported total vehicle sales of 236,800 units in December, a year-on-year increase of approximately 13% [1] - NIO Inc. (09866) delivered 48,100 vehicles in December, setting a new monthly record with a year-on-year increase of 54.6% [1] - Great Wall Motors (02333) anticipates sales of approximately 1.3237 million units for 2025, reflecting a year-on-year growth of 7.33% [1] - Xpeng Motors (09868) achieved a total delivery of 429,400 vehicles for the entire year of 2025, marking a year-on-year increase of 126% [1] - China Power (02380) reported a total consolidated electricity sales volume of 10.0997 million megawatt-hours in November, an increase of 15.38% year-on-year [1] - Li Auto (02015) delivered 44,200 new vehicles in December, a year-on-year decrease of 24.44% [1]

2025年的欧洲街头，中国品牌电动车早就不是什么稀罕玩意儿了。 哪怕顶着高额关税的压力，中国电动车在欧洲的总销量还是几乎翻了一倍，实实在在上演了一场 "卖爆了"的戏码。 要知道欧洲可是汽车工业的老祖宗地盘，本土品牌横了上百年，能在这儿杀出一条血路，是真的让人刮目相看。 01 欧洲市场份额再创新高 罗兰贝格在《中国汽车产业全球化报告 2025》里说得很明白，现在全球汽车强国的终极 PK，说白了就是中、美、欧三大市场的正面刚。 而欧洲，正是中国车企全球化路上必须啃下来的硬骨头。 这里不但是全球第三大汽车消费市场，新能源需求还在疯狂爆发，更重要的是，作为汽车工业的发源地，欧洲的行业标准严到离谱，能在这儿站稳脚 跟，就等于拿到了全球认可的 "品质通行证"，彻底甩掉"廉价货"的标签。 2025年中国汽车在欧洲的表现，用数据说话才最有说服力。 研究机构 Dataforce的数据显示，2025年11月，中国品牌在欧洲电动车市场的份额冲到 12.8%，创了历史新高；混合动力车领域更猛，份额直接突 破13%。 英国市场的成绩尤其亮眼，据英国汽车制造商和贸易商协会统计，今年前 11个月，中国汽车品牌在英销量达到18.78万辆，是 ...

Group 1 - DeepSeek released a new paper on New Year's Day proposing a new architecture called mHC (Manifold-Constrained Hyperconnection) aimed at addressing instability issues in traditional hyperconnections during large-scale model training while maintaining significant performance gains [1] - The paper's first authors include Zhenda Xie, Yixuan Wei, and Huanqi Cao, with DeepSeek's founder and CEO Liang Wenfeng also listed as an author [1] Group 2 - The EU's Carbon Border Adjustment Mechanism (CBAM) will officially implement on January 1, 2026, with recent legislative proposals and implementation details released by the EU [2] - China expressed concerns over the EU's high default carbon emission intensity values for Chinese products, which are deemed unfair and discriminatory, and plans to gradually increase these values over the next three years [2] - The EU plans to expand the CBAM scope to include approximately 180 steel and aluminum-intensive downstream products by 2028, which China views as unilateral and protectionist [2] Group 3 - Multiple electric vehicle manufacturers have reported their delivery data for December 2025 and the entire year, with Li Auto delivering 44,246 vehicles in December and a total of 1,540,215 vehicles since inception [6][16] - NIO delivered 48,135 vehicles in December, marking a 54.6% year-on-year increase, and a total of 326,028 vehicles for the year, a 46.9% increase [6][16] - Xpeng Motors reported 37,508 vehicles delivered in December, with a total of 429,445 vehicles for the year, reflecting a 126% year-on-year growth [6][16] Group 4 - Warren Buffett officially retired as CEO of Berkshire Hathaway on December 31, 2025 [7][18]

1月1日，国内主要新能源车企陆续公布2025年12月及2025全年成绩单。 比亚迪2025年12月新能源车销量42万辆，全年累计超460万辆。鸿蒙智行12月交付89611辆，连续三个月 创历史新高。零跑汽车12月交付超6万辆，小米汽车12月交付超过5万辆，蔚来汽车、理想汽车、昊铂埃 安BU等12月交付均超4万。 详情如下： 比亚迪：12月新能源车销量42万辆 全年累计超460万辆 比亚迪发布2025年12月产销快报，当月新能源汽车销量420398辆，同比下滑约18.2%；2025年全年累计 销量4602436辆，同比增长7.73%。其中纯电车型12月销量190712辆，全年累计2256714辆，同比大增 27.86%。公司2025年12月出口新能源汽车合计13.3万辆。 吉利汽车：2025年全年汽车总销量为302万辆 吉利汽车2025年全年销量超302万辆，超额完成全年销量目标；新能源销量169万辆，创历史新高；2026 年将冲击345万辆销量目标，其中新能源销量目标222万辆。 鸿蒙智行：12月交付89611辆 鸿蒙智行称，12月交付89611辆，再创历史新高。2025年，鸿蒙智行全年累计交付589107辆 ...

值得注意的是，小鹏汽车在2025年交付的所有汽车预计能减少超过661万吨的生命周期温室气体排放， 这相当于1.1亿棵小树十年的碳吸收量。 2025年，小鹏汽车加速扩张其自营充电网络。新增超过1100座充电站后，充电网络的充电站数量达到了 3000座，此举标志着公司在基础设施建设方面的一个重要里程碑。 2025年全年，小鹏汽车在海外市场共交付智能电动汽车4.5万辆，同比增长96%，并在年底将其全球布 局扩张至60个国家和地区。 智通财经APP讯，小鹏汽车-W(09868)发布公告，2025年12月，小鹏汽车共交付智能电动汽车3.75万 辆，同比增长2%。2025年全年总交付量达到42.94万辆，较前一年增长126%。 ...

小鹏汽车-W(09868)发布公告，2025年12月，小鹏汽车共交付智能电动汽车3.75万辆，同比增长2%。 2025年全年总交付量达到42.94万辆，较前一年增长126%。 值得注意的是，小鹏汽车在2025年交付的所有汽车预计能减少超过661万吨的生命周期温室气体排放， 这相当于1.1亿棵小树十年的碳吸收量。 2025年全年，小鹏汽车在海外市场共交付智能电动汽车4.5万辆，同比增长96%，并在年底将其全球布 局扩张至60个国家和地区。 2025年，小鹏汽车加速扩张其自营充电网络。新增超过1100座充电站后，充电网络的充电站数量达到了 3000座，此举标志着公司在基础设施建设方面的一个重要里程碑。 ...

Core Viewpoint - The new energy vehicle market in 2025 did not experience a significant year-end surge, but several companies achieved substantial annual growth in deliveries, with Leap Motor and Xpeng Motors doubling their delivery volumes, while NIO saw a 46.88% year-on-year increase. Li Auto, however, struggled to regain its peak performance due to unmet expectations in its pure electric strategy [1]. Group 1: Company Performance - Leap Motor delivered 60,423 vehicles in December 2025, marking a year-on-year increase of 42.11%, and achieved a total of 596,555 deliveries for the year, a 103.1% increase, setting a new record for new energy vehicle sales [2][3]. - NIO's December deliveries reached 48,135 vehicles, a historical monthly high with a year-on-year growth of 54.59%. The total deliveries for 2025 amounted to 326,028 vehicles, reflecting a 46.88% increase [5]. - Li Auto delivered 44,246 vehicles in December, with a total of 406,343 for the year, representing an 18.81% decline. However, it became the first new energy brand to surpass 1.54 million cumulative deliveries [7]. - Xpeng Motors achieved 429,445 deliveries in 2025, a significant year-on-year increase of 125.94%, although December deliveries were 37,508, falling short of its quarterly guidance [9]. Group 2: Market Trends and Future Outlook - The absence of a year-end surge in the 2025 car market was confirmed by industry analysts, with government policies expected to stabilize the market in 2026 [11]. - Leap Motor aims to reach a delivery target of one million vehicles in 2026, with new models from the A and D series set to launch [3]. - NIO's ES8 model has become a key contributor to sales, with a significant number of orders expected to mitigate performance dips in early 2026 [5]. - Li Auto is focusing on expanding its overseas market presence to alleviate domestic competition pressures [7]. - Xpeng Motors plans to introduce seven new models with advanced configurations in 2026, aiming to significantly expand its market reach [9].

1月1日丨小鹏汽车：2025年12月交付37,508辆汽车，同比增长2%。2025年交付429,445辆汽车，同比增 长126%。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失 承擔任何責任。 2025年，小鵬汽車加速擴張其自營充電網絡。新增超過1,100座充電站后，充電網絡的 充電站數量達到了3,000座，此舉標誌著公司在基礎設施建設方面的一個重要里程碑。 本公司股東及潛在投資者於買賣本公司證券時，務請謹慎行事。 承董事會命 XPeng Inc. 董事長 何小鵬 香港，2026年1月1日（星期四） 自願公告 2025 年 12 月及第四季度智能車交付數據 XPeng Inc. （「本公司」或「小鵬汽車」）之董事會欣然宣佈其2025年12月及第四季度 車輛交付數據。 2025年12月，小鵬汽車共交付智能電動汽車37,508輛，同比增長2%。2025年全年總交 付量達到429,445輛，較前一年增長126%。 2025年全年，小鵬汽車在海外市場共交付智能電動汽車45,008輛，同比增長96%，並在 年底將其全球布局擴張至60個國家和地區。 值得注意的是，小鵬汽車在2025年交付的所有汽車預計能減少超過 ...

XPeng Inc. 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9868） 董事名單與其角色及職能 XPeng Inc（. 「本公司」）董事會（「董事會」）成員載列如下。 執行董事： 何小鵬 （董事長兼首席執行官） 非執行董事： 符績勳 獨立非執行董事： M 相關董事委員會的成員 香港 2026年1月1日 * 僅供識别 2 楊東皓 瞿 芳 張宏江 陳玉東 1 董事會下設四個董事委員會。下表提供本公司各董事於該等委員會中所擔任職務的資料。 | | 董事委員會 | 審核 | 薪酬 | 提名 | 企業管治 | | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | | 何小鵬 | | | M | M | | | 符績勳 | | M | | | | | 楊東皓 | | C | | | C | | 瞿芳 | | | C | M | M | | 張宏江 | | M | M | C | M | | 陳玉東 | | | | | | 附註： C 相關董事委員會的主席 ...