（原标题：21现场｜何小鹏说全新小鹏P7价格定低了！） 8月29日，成都车展现场，何小鹏接受媒体快采，谈及小鹏P7上市21.98万元的定价时，何小鹏称：发布 会后与同事交流时说，感觉"定价定低了"。 据小鹏汽车，这款车型上市仅 7 分钟大定便突破 1 万台，创小鹏销售新纪录。 何小鹏表示，已参与多台 P7 交付，首批车主中不乏复购小鹏或从 BBA 转购的用户，他特别感谢车主 支持，称 "P7 是小鹏旗舰车型，买了、开了都会开心"。同时他透露，自己也订了一台哑光银 P7，期待 早日提车体验。 （视频编辑：柳润瑛） ...

Group 1 - The 2025 IAA Mobility in Munich is set to showcase a strong presence of Chinese electric vehicle manufacturers, aiming to expand in the European market [1][3] - Chinese automakers like BYD, Xpeng, and Leap Motor are preparing to launch a series of hybrid and electric vehicles at the upcoming auto show, building on their recent successes [1][3] - Data from Dataforce indicates that in July, the market share of Chinese electric vehicles in Europe reached 9.9%, with a total automotive market share of 5.3% [1][3] Group 2 - The European automotive market is experiencing a significant shift, with plug-in hybrid vehicle sales soaring by 52% and electric vehicle registrations increasing by 34% in July [4] - BYD has surpassed Tesla in European sales and is establishing factories in Hungary and Turkey to avoid EU tariffs, showcasing its new models at the Munich show [4][5] - Chinese automakers are adapting to new regulations by introducing hybrid models and forming local partnerships, while European companies are collaborating with Chinese competitors to maintain technological leadership [5][6] Group 3 - The previous Munich auto show highlighted the rapid advancement of Chinese battery technology, prompting European manufacturers to reassess their competitive stance [6][8] - Experts have noted that Chinese automakers are poised to become global leaders in the automotive industry within a few years, as they aggressively enter the European market [8] - The Chinese government emphasizes that the success of its electric vehicles is due to technological innovation and quality, rather than subsidies, advocating for a fair and open market environment [9]

Core Viewpoint - The automotive sector underperformed the market this week, with A-share automotive stocks rising only 1.7%, ranking 18th among Shenwan sub-industries, compared to the 4.3% increase in the CSI 300 index [1][2]. Weekly Data - In the week of August 18-24, 2025, passenger car sales reached 478,000 units, up 4.5% year-on-year and 9.3% month-on-month. New energy passenger car sales were 268,000 units, up 11.0% year-on-year and 8.1% month-on-month, with a penetration rate of 56.0%, down 0.6 percentage points [2]. Market Performance - The automotive sector's performance this week was weaker than the market, with specific segments showing varied results: commercial trucks up 4.7%, auto parts up 1.9%, passenger cars up 1.4%, motorcycles and others up 1.2%, and commercial passenger vehicles up 0.9%. However, automotive services declined by 3.2% [1][2]. Company Performance - Notable performances were reported by companies such as SAIC Motor and Great Wall Motors in Q2 2025. SAIC Motor's revenue was 158.73 billion yuan, up 12.1% year-on-year and 12.7% month-on-month, with a net profit of 2.58 billion yuan, up 334.6% year-on-year. Great Wall Motors reported revenue of 52.316 billion yuan, up 7.7% year-on-year and 30.7% month-on-month, with a net profit of 4.59 billion yuan, up 19.4% year-on-year and 161.9% month-on-month [3]. New Model Orders - Several new models have shown strong order performance, with significant pre-sale numbers: Great Wall Tank 500 secured 12,257 orders in 2 hours; AITO M8 electric version received over 7,000 orders in 2 hours; and XPeng P7 surpassed 10,000 orders in 7 minutes. Upcoming models include AITO M7, SAIC's H5, NIO ES8, and Geely's Zeekr 9X, expected to boost sales further [3]. Investment Recommendations - The report suggests focusing on key stocks in the automotive sector, including Geely, XPeng, Li Auto, BYD, Xiaomi Group, Bertley, Top Group, New Spring, Hu Guang, and Chunfeng Power [2]. - For the parts sector, recommendations include intelligent driving companies like Bertley and Horizon Robotics, and new energy vehicle supply chain companies like Xingyu and Hu Guang [5]. - In the motorcycle segment, the report recommends leading companies like Chunfeng Power and Longxin General [6]. - For tires, the recommendation includes Sailun Tire and Senki Lin [7]. - In heavy trucks, the report suggests focusing on China National Heavy Duty Truck [8].

Core Insights - Xiaopeng Motors reported a record delivery of 37,709 smart electric vehicles in August, representing a year-on-year increase of 169% and a month-on-month increase of 3% [2] - For the first eight months of 2025, the company delivered a total of 271,615 vehicles, marking a 252% increase compared to the same period last year [2] - The new Xiaopeng P7 model was officially launched on August 27, 2025, with nationwide deliveries starting on August 28, 2025 [2] Delivery and User Engagement - The monthly active user penetration rate for Xiaopeng's smart navigation assisted driving (XNGP) reached 85% in August, indicating strong user acceptance and positive feedback since its launch [2] Financial Performance - In the first half of 2025, Xiaopeng Motors achieved revenue of 34.09 billion yuan, a 132.5% increase from 14.66 billion yuan in the same period last year [2] - The net loss for the first half of 2025 was 1.14 billion yuan, an improvement compared to a net loss of 2.65 billion yuan in the previous year [2] Future Outlook - For the third quarter of 2025, Xiaopeng Motors anticipates vehicle deliveries between 113,000 and 118,000 units, representing a year-on-year increase of approximately 142.8% to 153.6% [2] - The expected total revenue for the third quarter is projected to be between 19.6 billion and 21 billion yuan, reflecting a year-on-year increase of approximately 94% to 107.9% [2]

Core Insights - The research report from Guojin Securities highlights a significant rebound in the wind turbine bidding scale for central state-owned enterprises, reaching 10.3 GW in August, marking an 88% month-on-month increase and a 0.4% year-on-year increase [1][2] - Wind turbine average bidding prices have also seen a 5% increase in July and August, reaching 1647 RMB/kW, with an 11% increase compared to the average price for the entire year of 2024 [1][2] Wind Power - The wind power sector has shown a strong recovery in August after a decline in June and July, with a notable increase in bidding scale [2] - The average bidding price for wind turbines has increased significantly, indicating a positive trend in pricing [2] AIDC (Artificial Intelligence Data Center) - The sentiment in the liquid cooling sector has improved following a period of adjustment, with domestic companies reporting progress in liquid cooling products [2] - The HVDC (High Voltage Direct Current) segment continues to gain attention, with updates on industry developments [2] Photovoltaics & Energy Storage - The photovoltaic main chain experienced mixed results in Q2, with some companies expected to show strong improvements in Q3 due to effective measures against internal competition [2] - Companies with the ability and willingness to extend their business into high-growth sectors are recommended for attention [2] Lithium Batteries - Lithium battery production in September exceeded expectations, with a projected increase of 4% to 8% in Q3, indicating a high level of market activity [3] - Price increases for key materials have been observed, and solid-state battery development is accelerating [3] Hydrogen and Fuel Cells - The lack of electricity accessibility in the U.S. grid is a significant constraint for data center operations, with a projected 45 GW power shortfall from 2025 to 2028 [3] - Microgrids are becoming essential for supporting AI project implementations in areas without traditional grid access [3] Power Grid - The third batch of bidding for State Grid's ultra-high voltage equipment is in line with expectations, with an acceleration in the bidding pace anticipated [4] - Companies like Mingyang Electric and Jinpan Technology have reported positive Q2 performance, indicating growth opportunities in the data center sector [4] New Energy Vehicles - The market for new energy vehicles is showing signs of recovery, although the overall growth rate remains under pressure due to high year-on-year comparisons [4] - Financial reports from major manufacturers indicate a clear differentiation in performance, suggesting opportunities for secondary leading companies [4] Important Industry Events - Eight manufacturers have qualified for a 10 GW tender from Datang, with generally rising bid prices [5] - Significant developments in the hydrogen energy sector include the establishment of a liquid hydrogen base and support for SOFC and SOEC technology applications [5]

北京商报讯（记者 刘晓梦）9月1日，小鹏汽车发布数据显示，今年前8个月，交付新车27.2万辆，同比 增长252%。其中，8月交付新车3.77万辆，同比增长169%。 ...

Core Insights - Xiaopeng Motors' Chairman He Xiaopeng announced that the company delivered 37,709 new vehicles in August 2025, representing a year-on-year increase of 169% [1] - The company is expected to surpass the 40,000 delivery threshold in September [1] Company Performance - August 2025 deliveries reached 37,709 units, marking a significant growth compared to the previous year [1] - The anticipated delivery for September is projected to exceed 40,000 units, indicating strong sales momentum [1]

Core Insights - XPeng Inc. reported a record delivery of 37,709 Smart EVs in August 2025, representing a 169% year-over-year increase and a 3% month-over-month increase [3][7] - Total deliveries for the first eight months of 2025 reached 271,615 units, marking a 252% increase compared to the same period last year [3] - The company launched the all-new XPENG P7 model on August 27, with deliveries starting on August 28 [3] User Engagement and Technology - XPENG's XNGP achieved an urban driving monthly active user penetration rate of 85% in August 2025, indicating strong user acceptance of its human-AI co-pilot feature [4] Company Overview - XPeng is a leading Chinese Smart EV company focused on designing, developing, manufacturing, and marketing Smart EVs for technology-savvy middle-class consumers [5] - The company aims to enhance customer mobility experiences through in-house development of advanced driver-assistance systems and intelligent operating systems [5] - XPeng is headquartered in Guangzhou, China, with manufacturing plants located in Zhaoqing and Guangzhou, Guangdong province [5]

Group 1 - The core point of the article is that XPeng Motors reported significant growth in electric vehicle deliveries, with a total of 37,709 units delivered in August 2025, representing a year-on-year increase of 169% and a month-on-month increase of 3% [1] - For the first eight months of 2025, XPeng Motors delivered a total of 271,615 electric vehicles, which is a 252% increase compared to the same period last year [1]

Core Insights - XPeng Motors has officially launched the new generation P7 model, positioning it as a "future AI luxury coupe" with four variants priced between 219,800 to 301,800 RMB [1] - The new P7 integrates advanced technologies including 800V+5C powertrain technology, high-performance driving capabilities, and comprehensive AI features, aiming to redefine the standards for luxury electric sedans priced around 300,000 RMB [1] - The vehicle features a minimalist design, advanced lighting, and aerodynamic enhancements, achieving a balance between aesthetic appeal and performance [1] Performance and Technology - The new P7 is equipped with an 800V XPower electric drive system, delivering a maximum power of 593 PS and achieving 0-100 km/h acceleration in just 3.7 seconds [1] - It has set a record for the fastest electric sedan under 500,000 RMB at the Zhejiang International Circuit with a time of 1 minute 38.767 seconds [1] - The entire P7 Ultra lineup is equipped with three self-developed Turing AI chips, providing a total computing power of 2250 TOPS, making it the highest globally [1] Battery and Range - The vehicle features a 92.2 kWh ternary lithium battery, with a maximum CLTC range of 820 kilometers and supports 800V 5C ultra-fast charging, allowing for a 525 km charge in just 10 minutes [2] - In a 24-hour endurance test, the P7 maintained an average speed of 220 km/h over a distance of 3961 kilometers, demonstrating the reliability of its powertrain system [2]