Core Viewpoint - Xiaopeng Motors (XPEV.US) saw a pre-market increase of over 4%, reaching $22.13, following the announcement of a quantum security technology cooperation agreement with Alibaba Cloud [1] Group 1: Partnership and Collaboration - Xiaopeng Motors and Alibaba Cloud officially signed a cooperation agreement at the Cloud Habitat Conference, focusing on post-quantum security algorithms [1] - The collaboration aims to jointly research and expand in the automotive security algorithm field, providing safer and more reliable services to users [1] Group 2: Future Applications - The partnership will explore the application of post-quantum security encryption technology in various fields, including AI, V2X, chips, robotics, and flying cars [1]

智通财经9月25日电，小鹏汽车董事长、CEO何小鹏近日在"凤凰湾区财经论坛2025"发表主旨演讲时表 示，"今天我们第一款飞行汽车只能飞几十公里，但是我们正在做的与汽车不耦合的纯的小型飞机能飞 数百公里。我认为10-30年后，人们可以住在离城市中心100公里的地方，10分钟以内到达，安全、快 速、无人化。所以，低空飞行会为城市和城市之间或者城市周边的生活带来巨大的改变。"据何小鹏介 绍，2026年小鹏汽车会把全球第一台"汽车+飞机"组合折叠的飞行汽车真正量产并且开始交付。为此， 小鹏汽车过去做了7代原型机，投入了数十亿成本。(智通财经) 【何小鹏：2026年小鹏汽车会把全球首台"汽车+飞机"组合折叠的飞行汽车真正量产并开始交付】#2026 年小鹏飞行汽车开始量产##飞行汽车要来了# ...

Core Insights - The automotive industry is experiencing a significant performance divergence among companies in the first half of 2025, with some achieving growth in both revenue and net profit, while others face declines in both metrics [1][4]. Revenue and Profit Performance - Among 16 A/H share listed automotive companies, 11 reported revenue growth, and 9 achieved profitability, with over half of the companies being profitable [1][4]. - BYD leads the industry with revenue of 371.281 billion yuan, a year-on-year increase of 23.3%, and a net profit of 15.511 billion yuan, up 13.79% [3][4]. - Traditional automakers like Geely, Great Wall, and SAIC maintained net profits above 6 billion yuan, but all experienced approximately 10% declines in net profit [1][4][5]. - The overall automotive industry revenue reached 509.17 billion yuan, a year-on-year increase of 8%, while costs rose by 9% to 447.8 billion yuan, resulting in a profit of 24.44 billion yuan, up 3.6% [4]. Company-Specific Insights - Geely's revenue grew by 27% to 150.285 billion yuan, but net profit fell by 13.9% to 9.29 billion yuan, attributed to a previous asset sale in 2024 [4][5]. - Great Wall's revenue was 92.335 billion yuan, a slight increase of 0.99%, with net profit declining by 10.21% to 6.337 billion yuan [5]. - Changan, Dongfeng, and GAC faced performance pressures due to challenges in joint ventures, with Changan's revenue down 5.25% to 72.691 billion yuan and net profit down 19.09% to 2.291 billion yuan [5][6][7]. - GAC reported a revenue decline of 7.95% to 42.166 billion yuan and a net loss of 2.538 billion yuan, a significant drop of 267.39% [7]. New Energy Vehicle Collaborations - Companies collaborating with Huawei on the "Five Realms" brand, particularly Seres, have shown significant performance improvements, with Seres achieving a net profit increase of 81.03% to 2.941 billion yuan [8][9]. - Other companies like BAIC Blue Valley and Jianghuai faced challenges, with Jianghuai's revenue down 9.1% to 19.36 billion yuan and a net loss of 777 million yuan, marking a 356.89% decline [9]. Emerging Players Performance - Among the new energy vehicle startups, Li Auto continues to lead with a revenue of 56.17 billion yuan, down 2%, and a net profit of 1.743 billion yuan, up 2.8% [13][14]. - Xpeng and NIO reported revenues of 34.09 billion yuan and 31.043 billion yuan, respectively, with Xpeng showing a significant growth of 132.51% [13][14]. - Leap Motor achieved its first half-year profit of 33 million yuan, while NIO and Xpeng continue to struggle with profitability [13][14]. Market Trends and Future Outlook - The overall market is seeing a shift towards high-end models, with Seres' high-end models leading sales in their respective price segments [8]. - Companies are focusing on cost control and operational efficiency to improve profitability, with NIO implementing a comprehensive cost reduction plan [14].

来源：格隆汇APP 格隆汇9月25日｜小鹏汽车-W(9868.HK)盘中涨5.5%，报87.95港元。消息面上，小鹏汽车董事长兼首席 执行官何小鹏出席一个论坛发表演讲时提到，飞行汽车就像30年前汽车刚进入中国时，大家认为飞行汽 车又贵、又麻烦，也可能不安全，使用场景很少。不过，他认为低空飞行将会为城市和城市之间，或城 市周边的生活带来巨大改变；10至30年后，人们可以住在离城市中心100公里的地方，10分钟以内到达 城市。他称，小鹏汽车研发飞行汽车已经12年，2026年集团会将全球第一架"汽车+飞机"组合折叠的飞 行汽车真正量产并且开始交付。 ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇9月25日｜小鹏汽车-W(9868.HK)盘中涨5.5%，报87.95港元。消息面上，小鹏汽车董事长兼首席 执行官何小鹏出席一个论坛发表演讲时提到，飞行汽车就像30年前汽车刚进入中国时，大家认为飞行汽 车又贵、又麻烦，也可能不安全，使用场景很少。不过，他认为低空飞行将会为城市和城市之间，或城 市周边的生活带来巨大改变；10至30年后，人们可以住在离城市中心100公里的地方，10分钟以内到达 城市。他称，小鹏汽车研发飞行汽车已经12年，2026年集团会将全球第一架"汽车+飞机"组合折叠的飞 行汽车真正量产并且开始交付。 ...

Core Viewpoint - Xiaopeng Motors and Alibaba Cloud signed a post-quantum security technology cooperation agreement at the Cloud Habitat Conference, focusing on joint research and development in automotive security algorithms [1] Group 1: Partnership Details - The collaboration will leverage post-quantum security algorithms as a foundation for joint R&D and expansion in the automotive security algorithm sector [1] - The partnership aims to provide safer and more reliable services to users in the automotive industry [1] Group 2: Future Exploration - Xiaopeng Motors and Alibaba Cloud plan to explore further applications of post-quantum security encryption technology in areas such as AI, V2X, chips, robotics, and flying cars [1]

格隆汇9月25日｜小鹏汽车董事长兼首席执行官何小鹏在一场财经论坛上指出，希望未来10年小鹏汽车 销量占比一半来自海外，收入超过一半在全球。何小鹏指出，中国车在欧洲受到很多关注，但现在只 是"一点点"重视，销量占比还很低。中国的车，包括中国大型的硬件要真正做好，一定是要做到有全方 位、立体化的能力。小鹏在这个领域走了一条不同的道路，期望在海外实现从高端进入到最后"高端 +中高端"的组合。他提到，小鹏汽车目前已进入46个国家、有200多家门店，今年还可能到60个国家， 这是一个先逐步探索到快速前进的过程。公司期望把全球的超快充做好，现时已做了将近2600个超充 站，布局在全国。明年会用全新的技术和超充体系，布局欧洲及东南亚，让更多的国家进入到超充体 系。 ...

Core Viewpoint - Xiaopeng Motors has announced the launch of its charging infrastructure in Singapore, Malaysia, and Thailand, enhancing its global charging network and supporting its key models with 800V ultra-fast charging capabilities [1] Group 1: Company Developments - Xiaopeng Motors' stock rose by 5.04% to HKD 87.5, with a trading volume of HKD 1.051 billion [1] - The company has officially launched its brand charging stations in the Asia-Pacific region, specifically in Singapore, Malaysia, and Thailand [1] - Xiaopeng Motors' charging brand will integrate with Charge Plus, the largest charging operator in Singapore, providing access to over 3,800 charging stations across the three countries [1] Group 2: Market Impact - The charging network includes Singapore's largest public charging network, which holds over 30% market share, and features charging stations along a highway network totaling 5,000 kilometers [1] - This partnership positions Xiaopeng Motors as the first Chinese new energy vehicle company to access over 3,800 charging stations in Singapore, Malaysia, and Thailand, achieving comprehensive charging coverage along the north-south highway network [1] - The expansion is expected to significantly enhance the charging network density for Xiaopeng Motors in Southeast Asia, providing more convenient charging services for local Xiaopeng vehicle owners [1]

Core Viewpoint - Xiaopeng Motors has expanded its charging infrastructure in the Asia-Pacific region by launching charging stations in Singapore, Malaysia, and Thailand, enhancing its global partner charging network for its vehicles with 800V ultra-fast charging capabilities [1] Group 1: Company Expansion - Xiaopeng Motors' stock price increased by over 5%, reaching 87.5 HKD with a trading volume of 1.051 billion HKD [1] - The company announced the launch of its brand charging stations in Singapore, Malaysia, and Thailand on September 23, 2025 [1] - This expansion aims to support the charging needs of its main models, including G6, G9, and X9 [1] Group 2: Charging Network Collaboration - Xiaopeng Motors' charging brand will fully integrate with Charge Plus, the largest charging operator in Singapore, which has deployed over 3,800 charging stations across Singapore, Malaysia, and Thailand [1] - The network includes Singapore's largest public charging network, holding over 30% market share, and features charging stations along a highway network totaling 5,000 kilometers [1] - This collaboration makes Xiaopeng Motors the first Chinese new energy vehicle company to access over 3,800 charging stations across Singapore, Malaysia, and Thailand, achieving comprehensive charging coverage along the north-south highway network in these countries [1]

Group 1 - Chery Automobile's stock surged on its first trading day, opening up 11.22% and currently up over 9%, leading the automotive sector in Hong Kong [1] - Other automotive stocks also saw gains, with Leap Motor up 5.8%, Xpeng Motors up 3.4%, and NIO and Geely both rising over 2% [1] - Chery is the second largest domestic passenger car company in China and the 11th largest globally, with a projected 49.4% year-on-year growth in passenger car sales for 2024, the highest growth rate among the top 20 global passenger car companies [1] Group 2 - According to Escalent's research, 47% of buyers are considering purchasing Chinese cars, compared to 44% for American cars; however, this trend is expected to reverse in 2024, with only 31% considering Chinese cars and 51% considering American cars [1]