Core Viewpoint - The new energy vehicle market is experiencing varied delivery performances among different manufacturers in November, with some companies showing growth while others face declines. The overall market sentiment is cautious due to tightening policies and consumer hesitation. Group 1: Delivery Performance - Leap Motor led the delivery numbers with 70,327 units in November, marking a 75.08% year-on-year increase and a slight 0.05% month-on-month growth, achieving its annual sales target of 500,000 units 45 days ahead of schedule [2][3] - Xiaopeng Motors delivered 36,728 units, reflecting an 18.88% year-on-year increase but a 12.58% month-on-month decline, marking its first monthly drop in six months [3][4] - NIO delivered 36,275 units, a 76.31% year-on-year increase, with its sub-brands showing significant growth, particularly the LeDao brand with a 132.07% increase [2][3] - Li Auto's deliveries were at 33,181 units, showing a 31.92% year-on-year decline, continuing a six-month trend of year-on-year decreases [4][5] Group 2: Future Projections and Strategies - Leap Motor aims to reach a sales target of 1 million units by 2026, supported by the launch of new models like the A10 and Lafa5, which cater to different market segments [3][4] - Xiaopeng Motors is expanding its overseas market presence, with a 95% year-on-year increase in overseas deliveries, and is optimistic about new models contributing to future growth [3][4] - NIO has set a quarterly delivery guidance of 120,000 to 125,000 units, needing to deliver over 43,000 units in December to meet this target [4] - Li Auto is focusing on enhancing its long-term competitiveness through organizational, product, and technological improvements, with a cautious delivery guidance of 100,000 to 110,000 units for the fourth quarter [5]

Group 1 - The Nasdaq China Golden Dragon Index increased by approximately 0.5% [1] - NetEase saw a rise of over 4% [1] - Alibaba experienced a gain of over 2% [1] - Baidu rose by over 1% [1] - Li Auto and NIO both declined by over 2% [1] - Xpeng Motors fell by over 1% [1]

Core Viewpoint - The new energy vehicle market is experiencing varied delivery performances among different manufacturers in November, with some companies showing growth while others face declines in delivery numbers [1][2]. Group 1: Delivery Performance - Leap Motor achieved a record delivery of 70,327 units in November, marking a 75.08% year-on-year increase and a slight 0.05% month-on-month growth, continuing its growth trend for nine consecutive months [2][3]. - Xpeng Motors delivered 36,728 units, reflecting an 18.88% year-on-year increase but a 12.58% month-on-month decline, marking its first monthly drop in six months [3][4]. - NIO delivered 36,275 units, a 76.31% year-on-year increase, but a 10.20% month-on-month decrease, with a strong performance from its new ES8 model expected to boost December deliveries [3][4]. - Li Auto's deliveries were 33,181 units, showing a 31.92% year-on-year decline, continuing a trend of six months of year-on-year decreases [4][5]. Group 2: Future Projections and Strategies - Leap Motor aims to achieve a sales target of 1 million units by 2026, having already completed its annual target of 500,000 units 45 days ahead of schedule [2][3]. - Xpeng Motors is expanding its overseas market presence, with a 95% year-on-year increase in overseas deliveries, totaling 39,773 units from January to November [3][4]. - NIO has set a quarterly delivery guidance of 120,000 to 125,000 units, indicating a need for over 43,000 units in December to meet its targets [4]. - Li Auto is focusing on enhancing its long-term competitiveness through organizational, product, and technological improvements, with a strategic goal to regain its leading position in range-extended products by 2026 [5].

Core Viewpoint - The sales performance of new energy vehicle manufacturers in November shows a significant divergence in market dynamics, with some brands achieving record highs while others experience declines in sales [3][10]. Sales Performance Summary - Leap Motor and Hongmeng Zhixing achieved record sales of 70,327 and 81,864 vehicles respectively, maintaining their positions as leaders in the new energy vehicle sector [3][11]. - Zeekr's sales reached 63,902 units, marking a 3.68% month-on-month increase, although this growth masked a decline in Lynk & Co's sales, which fell by 13.8% to 35,059 units [5][11]. - Xiaomi reported over 40,000 vehicle deliveries, but specific figures were not disclosed, making it difficult to assess performance changes [6]. - NIO and Xpeng both fell below the 40,000 unit mark, with Li Auto also entering the 30,000 unit range [7][8]. - Li Auto delivered 33,181 vehicles, a slight increase of 4.45% month-on-month, but a year-on-year decline of 31.92% [8]. - Xpeng's deliveries were 36,728 units, down 12.58% month-on-month but up 18.88% year-on-year, while NIO delivered 36,275 units, reflecting a 10.02% month-on-month decline but a 76.3% year-on-year increase [9]. Market Trends and Challenges - The overall market for passenger vehicles in China saw a decline, with retail sales dropping 11% year-on-year in November [10]. - The new energy vehicle sector is facing challenges due to the reduction of replacement subsidies, which has led to a noticeable decrease in demand [10]. - The sales progress of leading new energy vehicle manufacturers like Li Auto, Lantu, and Avita is currently below 60% of their annual targets, raising questions about their ability to meet Q4 delivery guidance [10].

Core Insights - The sales data for November reveals a significant market differentiation among new energy vehicle manufacturers, with some brands achieving record sales while others decline sharply [1][8] Group 1: Sales Performance - Leap Motor continues to lead the new energy vehicle segment with 70,327 units delivered, marking nine consecutive months at the top [1] - Hongmeng Zhixing achieved a record high of 81,864 units sold in November, showcasing strong growth [1] - Zeekr's sales reached 63,902 units, reflecting a month-on-month increase of 3.68% [2] - NIO and Xpeng both fell below the 40,000 unit mark, with NIO delivering 36,275 units and Xpeng 36,728 units, indicating a downward trend [5][7] Group 2: Brand Analysis - The growth of Zeekr (34.64%) masks the decline of Lynk & Co, which saw a 13.8% drop in sales from October to November [3] - Ideal Auto delivered 33,181 units, showing a slight month-on-month increase of 4.45% but a year-on-year decline of 31.92% [6] - The performance of Li Auto, Lantu, and Avita indicates that they are currently below 60% of their sales targets for the fourth quarter [8] Group 3: Market Trends - The overall market for passenger vehicles in China saw a decline, with retail sales dropping 11% year-on-year in November [8] - The reduction in government subsidies since October has led to a noticeable decrease in demand across the industry [8] - The sales targets for the top three new energy vehicle manufacturers (Li Auto, Lantu, and Avita) are under scrutiny as they strive to meet their fourth-quarter delivery goals [8]

然而，"夹脚门"事件却暴露出小鹏在高速扩张中门店服务质量参差不齐的问题。有网友认为涉事员工大概率是"背锅"，背后可能存在店长或管理人员要求向 顾客索赔的情况。这也反映出小鹏在服务系统上可能存在漏洞，未来小鹏在这方面将如何改进，值得关注。 据网友爆料，其在导购引导下前往门口查看试驾车，转身准备返回店内时，感应门突然自动合拢，夹到脚的同时还致使玻璃门脱轨破损。该网友与导购加了 微信约定下次试驾，然而离开不到10分钟，便接到门店五六个电话，要求返回协商赔偿。从公开的录音中，门店工作人员竟称"你的脚夹到了门""你不来门 就不会坏"，此言论瞬间点燃网友怒火，大家纷纷指责4S店处置不当。 事件发酵后，小鹏汽车官方客服给出了回应。客服表示，经核实，客户在该门店参观过程中遭遇不良体验，涉事员工接待存在明显过错，后续沟通言辞不 当。目前，小鹏汽车已按规定对涉事员工严肃处置，对门店店长也进行了惩戒，同时会加强对全国门店销售的培训管理工作。 从小鹏汽车整体情况来看，今年其销售呈增长态势。三季报显示，9月单月交付量达4.2万辆，同比增长95%，环比增长10%，首次突破4万辆月度交付里程 碑；第三季度累计交付11.6万辆，同比激增14 ...

凤凰网科技讯 12月1日，小鹏汽车公布最新交付成绩：11月交付36,728辆汽车，同比增长19%。2025年 1-11月，小鹏汽车累计交付391,937台，同比增长156%。 2025年1-11月，小鹏汽车海外市场交付量达39,773台，同比增长95%。目前，小鹏汽车销售服务网络已 覆盖全球52个国家和地区，海外销售服务网点增至321个。 11月，小鹏X9交付量环比劲增161%。11月20日，小鹏X9超级增程上市1小时即打破X9历史全天大定纪 录，北方市场表现亮眼，订单占比首次突破50%。 ...

Core Insights - Xiaopeng Motors reported strong delivery figures for November 2025, with 36,728 vehicles delivered, marking a 19% year-on-year increase. Cumulative deliveries from January to November reached 391,937 units, a significant 156% increase compared to the previous year [1] - The company emphasized its commitment to sustainability, with an estimated carbon reduction of over 6.11 million tons from the delivered vehicles, equivalent to the carbon absorption of 100 million medium-sized trees over ten years [1] - Xiaopeng's X9 model saw a remarkable 161% increase in deliveries month-on-month, becoming a popular choice in the family seven-seater market. The X9 Super Range was launched on November 20, with a starting price of 309,800 yuan, breaking the daily order record within an hour of its release [1] Delivery Performance - Xiaopeng MONA M03 continues to lead the A-class pure electric sedan market, maintaining the top position for 15 consecutive months with over 210,000 units delivered since its launch [2] - The new Xiaopeng P7 has also gained attention, with over 88,000 units delivered in its first year, consistently ranking as the best-selling model in the 150,000-200,000 yuan mid-large pure electric sedan segment [2] - The Xiaopeng SUV family (G6/G7/G9) remains strong, ranking among the top three in the 150,000-250,000 yuan pure electric SUV market, with the G7 surpassing 20,000 units in cumulative deliveries [2] Milestones and Innovations - November marked several milestones for Xiaopeng Motors, including the completion of the one-millionth vehicle at its Guangzhou factory, achieved in just 14 months since the 500,000th vehicle [3] - The company showcased its technological advancements at the 2025 Guangzhou International Auto Show, featuring models like the X9 Super Range and the new P7, along with innovative technologies such as the second-generation VLA and Robotaxi [3] - Xiaopeng's Q3 2025 financial report highlighted record-breaking figures, with total revenue of 20.38 billion yuan, a 101.8% year-on-year increase, and a gross margin of 20.1%, up 4.8 percentage points from the previous year [3] International Expansion and Smart Driving - From January to November 2025, Xiaopeng delivered 39,773 vehicles in overseas markets, a 95% year-on-year increase, expanding its sales and service network to 52 countries and regions with 321 outlets [4] - In the smart driving sector, the monthly active user penetration rate for NGP urban intelligent driving reached 84% in November, with plans to invite pioneer users to co-create the second-generation VLA experience by the end of December [4] - Xiaopeng Motors has entered a new development phase with a dual technology strategy of "pure electric + super range," focusing on product matrix, technology research and development, and market expansion to enhance consumer travel options [4]

北京商报讯（记者 刘晓梦）12月1日，小鹏汽车发布的数据显示，今年11月共交付新车3.67万辆，同比 增长19%。 ...

Core Insights - Xpeng Motors delivered a total of 36,728 smart electric vehicles in November 2025, representing a year-on-year growth of 19% [1] - Cumulative deliveries from January to November 2025 reached 391,937 vehicles, marking a significant year-on-year increase of 156% [1] - Overseas deliveries during the same period amounted to 39,773 vehicles, reflecting a year-on-year growth of 95% [1] Product and Technology Developments - On November 5, 2025, Xpeng Motors successfully held the 2025 Xpeng Technology Day, unveiling a series of groundbreaking "physical AI" applications [1] - New AI applications include the second-generation visual language action model (XPENG VLA2.0), autonomous taxi (Robotaxi), and the next-generation IRON humanoid robot, which are expected to enter mass production in 2026 [1] - The monthly active user penetration rate for Xpeng's intelligent navigation assisted driving (XNGP) reached 84% in urban driving scenarios as of November 2025 [1] - In late December 2025, Xpeng Motors plans to invite Chinese users to participate in a pilot program for the second-generation visual language action model [1]