点击蓝字 关注我们 目 录 行业信息 试 政策信息 1、峰谷电价浮动 60%! 贵州拟调整峰谷分时电价 2、浙江省财政厅等 5 部门关于下达 2025 年中央节能减排补助资金预算 (县域充换电 设施补短板试点具预拨奖励资金)的通知 1、宁德时代发布 75#标准化换电块 将建设八横十纵换电绿网 2、60GWh! 山东时代电池生产基地正式投产 3、北京增发 2 万个新能源小客车指标 4、前４月宁波口岸出口新能源汽车超 7 万辆 5、中国石化等新设能源科技公司 含集中式快速充电站业务 6、国轩高科集中发布六项技术,全固态已进入预量产阶段 7、国家统计局：4月"人工智能+"驱动作用增强 数字产业蓬勃发展 8、宁德时代登陆港交所,"A+H"加速全球化布局 9、黄仁勋：英伟达正在将其 AI 模型应用于自动驾驶汽车 10、国轩高科：公司 G 垣准固态电池已获主流车企认可并应用于多款全新车型的上车测 11、国芯科技合作安波福 推汽车核心芯片国产化 12、中国已有超 3000 万辆新能源汽车 纯电超 2000 万辆 13、巨湾技研完成充电新国标发布后的行业首次公开测试 14、高通与小米签署全新多年协议 15、蔚来能源与沈阳中德 ...

Investment Rating - The investment rating for the company is "Buy" [6][14]. Core Insights - The company reported Q1 2025 revenue of 15.81 billion yuan, a year-on-year increase of 141.5%, with a net loss of 660 million yuan, significantly narrowing the loss compared to previous quarters. The company expects vehicle sales to reach 524,000, 786,000, and 966,000 units in 2025, 2026, and 2027 respectively, with corresponding revenues of 97.76 billion, 158.1 billion, and 197.07 billion yuan, reflecting year-on-year growth rates of 139.2%, 61.7%, and 24.6% [4][14]. Financial Performance - In Q1 2025, the company delivered 94,000 vehicles, a year-on-year increase of 330.8%, with automotive business revenue of 14.37 billion yuan, up 159.2%. The average selling price (ASP) per vehicle was 153,000 yuan. The company anticipates Q2 2025 deliveries between 102,000 and 108,000 vehicles, leading to total revenue of 17.5 to 18.7 billion yuan [12][14]. - The gross margin for Q1 2025 was 15.6%, an increase of 2.7 percentage points year-on-year and 1.2 percentage points quarter-on-quarter. The automotive sales gross margin was 10.5%, up 5.0 percentage points year-on-year [13][14]. Future Projections - The company is expected to achieve a net profit of 1.2 billion yuan in 2025, 5.99 billion yuan in 2026, and 9.42 billion yuan in 2027. The introduction of high-quality models is anticipated to drive a turning point in sales, while advancements in intelligent driving technology are expected to support a financial turnaround [14][15]. Market Expansion - The company has expanded its sales network to 690 stores across 223 cities and operates 2,115 self-owned charging stations. The upcoming launch of the Mona M03 Max is expected to penetrate the 150,000 yuan price segment, and the company has received over 1,500 pre-orders for the 2025 model X9 in various Asia-Pacific regions [13][14].

智能化月报系列 车中旭霞 汽车智能化月报： 《国信汽车-汽车智能化月报系列（二十四）： 特斯拉将于6月推出自动驾驶出租车，小米YU7全系标配激光雷达和PHUD》 ——20250525 《国信汽车-汽车智能化月报系列（二十三）： 2025款小鹏X9全系标配图灵AI智驾，地平线发布L2城区辅助驾驶系统HSD》 ——20250421 《国信汽车-汽车智能化月报系列（二十二）： 城区驾驶辅助功能渗透率1月达9%，理想汽车发布下一代自动驾驶架构 MindVLA》——20250330 《国信汽车-汽车智能化月报系列（二十一）：智驾平权，AI推动汽车板块估值重塑》——20250224 《国信汽车-汽车智能化月报系列（二十）：城区智能驾驶辅助功能渗透率超10%，英伟达推出基于Thor的自动驾驶平台》 ——20250124 《国信汽车-汽车智能化月报系列（十九）：华为举行首批智能车载光认证合作伙伴签约仪式，佑驾创新冲刺港股IPO》—— 20241224 《国信汽车-汽车智能化月报系列（十八）：小鹏P7+全系标配高阶智能辅助驾驶功能，小马智行冲刺美股IPO》——20241126 《国信汽车-汽车智能化月报系列（十七）：特斯拉FS ...

长江商报消息 ●长江商报记者 沈右荣 造车新势力小鹏汽车（09868.HK）车辆交付、经营业绩均超出市场预期。 近期，小鹏汽车发布的2025年一季度财报显示，公司实现营业收入158.1亿元，同比增长141.5%；归属 母公司股东的净利润（简称"归母净利润"）为亏损6.6亿元，同比减亏7.1亿元，营收和净利均超出预 期。 超出市场预期的经营业绩，源自小鹏汽车交付量强劲增长。 一季度，小鹏汽车的汽车总交付量为9.4万辆，同比增长330.81%，较2024年四季度的总交付量9.15万辆 也有所增长。一季度是车市淡季，小鹏汽车单季度交付量仍然创下新高，成为新势力车企销售冠军。 此外，一季度，小鹏汽车的毛利率15.60%，也创下新高。其中，汽车业务毛利率10.50%，连续七个季 度上升。 小鹏汽车的开支较大。一季度，公司销售、一般及行政开支为19.5亿元，同比增长40.2%，主要是销量 上升带动向特许经营店支付的佣金增加所致。 4月份，小鹏汽车交付量3.5万辆，同比增长273%。截至4月30日，其年内累计交付量12.91万辆。 长江商报记者注意到，小鹏汽车正在进行渠道扩张。截至3月末，小鹏汽车实体销售网络共有690间门 ...

Group 1 - GAC Group collaborates with Alibaba Cloud to accelerate overseas market expansion, addressing challenges in infrastructure, ecosystem services, and intelligent product capabilities [1] - The partnership with Alibaba Cloud enhances GAC's competitiveness in international markets, particularly in compliance and infrastructure development [1] - This strategic alliance may boost the overall automotive industry's influence in global markets and promote the development of intelligent connected vehicles [1] Group 2 - Li Auto establishes Changzhou Car Lake Construction Co., Ltd. with a registered capital of 25 million RMB, indicating a strategic move into infrastructure and real estate management [2] - The new company is fully owned by Li Auto's affiliate, which may help optimize supply chain management and resource integration [2] - This initiative supports Li Auto's market expansion and could enhance its brand influence in the smart mobility and new energy sectors [2] Group 3 - Four senior management members of Dongfeng Motor Corporation are under investigation for serious violations, highlighting internal governance and compliance issues [3] - This incident raises concerns about the company's governance structure and operational transparency, potentially affecting investor confidence [3] - The frequency of high-level personnel changes may introduce uncertainty in the competitive landscape and regulatory environment of the automotive industry [3] Group 4 - FAW-Volkswagen recalls over 130,000 Audi vehicles due to software issues in the instrument cluster that may pose safety risks [4] - The recall includes 100,899 domestic A6L vehicles and 33,024 imported models, reflecting the company's cautious approach to product safety and quality control [4] - Frequent recalls could impact consumer confidence and brand image, prompting manufacturers to reassess their market strategies and focus on product quality and after-sales service [4] Group 5 - XPeng Motors launches the MONA M03 Max featuring a "human-machine co-driving" function, showcasing advancements in intelligent driving technology [5][6] - The new feature allows users to adjust vehicle trajectories while maintaining system engagement, enhancing user experience and safety [6] - This innovation is expected to attract more consumers and positively impact XPeng's brand perception in the competitive smart vehicle market [5][6]

IT之家 5 月 25 日消息，小鹏汽车宣布旗下 MONA M03 Max 车型将于 5 月 28 日的发布会中"上市即交付"，该车为 MONA M03 产品线中的顶配车型，指导 价格为 15.58 万元起。 内饰方面，该车引入全新拂晓紫配色，配有 2 颗英伟达 Orin 辅助驾驶芯片，相比在售标准版车型新增 1 颗毫米波雷达（共 3 颗）和 4 颗车外摄像头（共 12 个）等硬件，同时车辆前脸区域配备智能辅助驾驶小蓝灯，该车号称"搭载 20 万以内唯一高阶智能辅助驾驶"，支持城市 NGP、高速 NGP、泊车辅助等特 性。 动力方面，作为比较，MONA M03 515 车型电机最大功率 140 千瓦，峰值扭矩 225 牛・米，匹配容量为 51.8 千瓦时磷酸铁锂电池组，CLTC 续航里程为 515 公里；M03 620 和 M03 580 车型电机最大功率 160 千瓦，峰值扭矩 250 牛・米，匹配容量为 62.2 千瓦时的磷酸铁锂电池组，CLTC 续航里程分别为 620 公里 和 580 公里。 ▲ IT之家图赏：小鹏 MONA M03 标准版车型 IT之家获悉，Max 版车型以星际色彩叙事美学为设计灵感 ...

关注 「电动车公社」 和我们一起重新思考汽车 以下是上周新能源圈的新闻： 新车上市： 1、 全新小鹏P7"鹏翼版"谍照曝光 近日，有博主曝光了全新小鹏P7"鹏翼版"的谍照。 全新小鹏 P7 "鹏翼版"谍照曝光； 智己LS9谍照曝光； 比亚迪纯电K-Car 谍照曝光； 新款星 途 星纪元ES纯电版上市，售价18.98-26.98万元； 魏牌蓝山焕新款上市，售价29.98-32.68万元； 深蓝S09上市，售价23.99-30.99万元； 小米YU7正式发布； 吉利银河M9全球首发亮相； 多款新车登陆工信部； 公司动态： 宁德时代港股挂牌 上市； 本田发布2025全球事业规划； 小鹏汽车发布2025年一季度财报，业绩历史最强； 比亚迪多款车型推出一口价，海鸥售价低至5.58万元； 国内新闻： 北京面向无车家庭，再次增发2万新能源小客车指标； 发改委重拳整治内卷式竞争，汽车行业被点名； 新车上市 据悉，新车采用了此前老款鹏翼版的同款苹果绿配色， 配备在前款车型上备受好评的"鹏翼门"，配备电动开合的后尾翼，以及橙色的Brembo刹车卡钳。 对 初代小鹏P7来说，鹏翼版最大的意义，一是帅，二是提升品牌调性，也是 小鹏大 ...

Investment Rating - The report maintains a positive investment sentiment for the automotive sector, with an optimistic outlook for annual sales growth, projecting a retail growth rate of 5.2% and a wholesale growth rate of 8.4% for the year [2][3]. Core Insights - The automotive industry is experiencing a recovery in sales, particularly in April, with a year-on-year increase in wholesale sales of 11.0% and a month-on-month decrease of 10.0%. The report anticipates that sales levels will remain strong, especially for high-end brands priced above 200,000 yuan, with a forecasted wholesale growth rate of 31% for new energy passenger vehicles [2][4]. - The report highlights the strong performance of new energy vehicle manufacturers, with BYD delivering 380,089 units in April, a year-on-year increase of 21%, and other new players like Leap Motor and Xpeng showing significant growth [4][20]. - Traditional automakers like Geely and SAIC also showed notable sales increases, with Geely's sales up by 53% year-on-year in April [4][24]. Data Tracking - In April, the wholesale sales of passenger vehicles reached 2.22 million units, with a year-on-year growth of 11.0% and a month-on-month decline of 10.0%. The export sales for the same month were 430,000 units, reflecting a year-on-year increase of 0.4% and a month-on-month increase of 5.0% [4][24]. - The average discount rate in early May was 7.2%, slightly down from the previous month, with an average discount amount of 10,613 yuan [4][25]. - The report recommends key companies in the automotive sector, including JAC Motors, Li Auto, Geely, and BYD, highlighting their competitive advantages and potential for upward price elasticity [5][6]. Industry News - The report notes that as of late April, the national inventory of passenger vehicles reached 3.5 million units, indicating a slight increase in inventory pressure compared to previous years [31]. - Recent collaborations, such as the strategic partnership between Dongfeng Motor Group and Huawei, aim to enhance smart vehicle technologies and digital transformation within the automotive sector [31][32]. - The report also mentions the overall market performance, with the automotive sector index rising by 1.80% in the latest week, ranking third among 29 sectors [8][33].

Robotaxi 重启元年，成本不断下探有望加速驶向单车盈亏平衡。文远知行 25Q1 财报扣除员工股权激励等项目后的净 亏损为 2.95 亿元，调整后净亏损扩大，主因文远加码提速无人驾驶落地，规模和支出成正比增长，同时对于出海布 局加速，已进入 3 大洲 10 城，车队数量超过 1200 辆。小马智行基于低成本的第七代量产车型，25 年底车队运营规模 将达到 1000 台。Robotaxi 的商业化窗口已经打开，乘客愿意付费、城市愿意开放、公司敢于大规模部署。 小米首款 SUV 车型 YU7 正式亮相，有望成为 SUV 车型市场爆款车型。小米 YU7 定位豪华高性能 SUV，售价暂未公布。 YU7 有望凭借超长续航和超快充等优势，在中大型纯电 SUV 市场中占据一席之地。小米 SU7 上市即热销，已充分验证 小米的造车实力，YU7 有望具备成为爆款车型潜力，关注后续售价区间。 机器人： 智元机器人：重磅发布具身智能领域双重里程碑式突破。智元机器人发布全球首个基于机器人动作序列驱动的具身世 界模型 EVAC (EnerVerse-AC)，以及具身世界模型评测基准 EWMBench。这两大创新成果现已全面开源，旨 ...

2.【首超特斯拉：比亚迪4月欧洲电动汽车销量达7231辆，跻身当地销量十大品牌之列 】 5月25日消 息，比亚迪4月在欧洲电动汽车 新增登记销量达7231辆 ，同比上涨169%，首次超越特斯拉， 跻身当 地销量十大品牌之列 。此前领跑的特斯拉4月同期登记销量7165辆，跌幅49%。（ 央视新闻） 3.【小鹏MONA M03 Max车型开启全国发运，指导价15.58万元起】 5月25日消息，小鹏汽车宣布 MONA M03 Max车型开启全国发运。该车型于5月20日正式亮相，是MONA M03产品线中的顶配版 本，指导价格为15.58万元起。Max版车型新增"星暮紫、微月灰、星雨青"三色车漆，加上保留的"星 瀚米、暗夜黑、星云白"合计共六款外观色可供选择。（IT之家） 1.【 前4月陕西汽车产量同比增长33.3%】 5月23日，据省汽车工业协会消息：前4月，我省汽车产量 63万辆，同比增长33.3%，高于全国22.2个百分点，汽车制造业增加值同比增长32.4%。其中，乘用 车产量57.8万辆，同比增长37.5%；商用车产量5.2万辆。新能源汽车产量44.9万辆，同比增长 44.8%，增幅高于全国1.1个百分点。（ ...