据小鹏汽车消息，9月24日，小鹏汽车与阿里云在云栖大会正式签署后量子安全技术合作协议。小鹏汽 车高级总监林蓬蓬、阿里云数据安全产品线总监杨永代表双方签约。根据协议，阿里云将成为小鹏汽车 面向安全算法业务领域的合作伙伴。双方宣布将基于后量子安全算法项目作为合作基础，在汽车的安全 算法领域进行联合研发和拓展合作，并在该领域为广大用户提供更安全、可靠的服务。目前，全新小鹏 P7已搭载后量子安全技术，标志着小鹏汽车率先实现后量子安全算法技术落地上车。 ...

Company Overview - Xiaopeng Motors was established in 2015 and is headquartered in Guangzhou, with R&D centers in multiple cities including Beijing, Shanghai, and Shenzhen. The company has also set up smart manufacturing bases in Wuhan, Zhaoqing, and Guangzhou. Xiaopeng Motors has a global R&D and sales presence, including a research center in the United States and subsidiaries in various European locations. The company went public on the New York Stock Exchange on August 27, 2020, raising a record amount for the global new energy vehicle industry, with stock code "NYSE:XPEV". It was listed on the Hong Kong Stock Exchange on July 7, 2021, with stock code "9868.HK" [1]. Social Responsibility Initiatives - Xiaopeng Motors has established the Guangzhou Xiaopeng Public Welfare Foundation, focusing on environmental education for children and their parents. The foundation collaborates with professionals in ecology, early development, and educational publishing to create innovative educational products centered on climate change, new energy, and biodiversity [2]. - The "Low-Carbon Traveler" environmental science education project initiated by Xiaopeng Public Welfare recruits employees, volunteers, and educational institutions to co-create educational products that promote green and low-carbon travel concepts among children and youth. The project has developed three mature educational products, with the core product being the "Low-Carbon Traveler" board game, which encourages players to plan travel in a future city context while considering carbon emissions [2]. - The "Low-Carbon Traveler" board game is a strategy game that simulates urban travel modes, where players' travel choices impact carbon emissions. The game integrates educational elements to convey the importance of green and intelligent travel to the public, especially to children and youth [2]. Educational Outreach - The Xiaopeng Public Welfare Foundation, in collaboration with Xiaopeng Motors' research experts, has published the "Low-Carbon Traveler" Smart Handbook, which includes 19 fun questions aimed at educating children and youth about automotive culture, the relationship between cars and the environment, and future automotive technology developments. The handbook incorporates Xiaopeng Motors' knowledge and experience in green design, battery recycling, and flying car technology [3]. - The foundation employs various promotional methods to meet educational needs, partnering with teachers, employee volunteers, and NGOs to promote the "Low-Carbon Traveler" series of educational products in schools, museums, and Xiaopeng Motors' stores. By March 2025, over 250 public science activities are planned across 17 provinces, directly serving more than 20,000 children and youth [3]. Expert Commentary - Xiaopeng Motors deeply integrates ESG principles into its operations, showcasing employee care through initiatives like the "Newborn Plan" and promoting ecological science education through the "Low-Carbon Traveler" project. This approach combines talent development with public innovation, enriching the company's commitment to green responsibility [4].

Company Overview - Chery Automobile Co. is China's largest car exporter, raising HK$9.1 billion ($1.2 billion) in its Hong Kong IPO, with shares rising 3.8% on debut, leading to a market capitalization of approximately $24 billion [1][2] - The company has maintained its position as China's top exporting brand since 2003, with a significant portion of its vehicle lineup being fuel-powered and competitively priced for emerging markets [5][6] Industry Context - The IPO market in Hong Kong is experiencing a resurgence, with proceeds reaching a four-year high and more billion-dollar listings anticipated, such as Zijin Gold International Co.'s upcoming $3.2 billion IPO [2][6] - A stock gauge tracking global automaking has increased by 12% this year, with Chinese companies leading the gains, indicating strong investor interest in the sector [3] Strategic Plans - Chery plans to utilize the IPO proceeds for research and development, overseas expansion, and factory upgrades, aiming to enhance its competitive edge in international markets [4][6] - In 2024, Chery delivered 1.14 million vehicles to foreign markets, accounting for 40% of its total sales, with key target regions including Russia, the Middle East, and South America [4][5] Competitive Landscape - The company faces intense competition in China, particularly from brands like BYD, as consumers increasingly shift towards electric vehicles [5] - Chery's strategy focuses on capitalizing on the higher profit margins available in overseas markets compared to domestic sales [4][5]

Group 1 - The Hong Kong stock market saw mixed performance with the Hang Seng Technology Index slightly down by 0.13%, while the National Enterprises Index rose marginally by 0.01% [2] - The Hang Seng Technology Index experienced a peak increase of 2% during the trading session before closing with a minor decline [2] Group 2 - Major technology stocks generally maintained an upward trend, with Xiaomi rising by 4.48%, JD.com by 3.46%, and Baidu by 2.33% [4] - Automotive stocks collectively increased, with Chery Automobile seeing a significant rise of nearly 14% on its first trading day, while other companies like Li Auto, NIO, and BYD also posted gains [4] - Copper prices surged due to supply tightness following an accident at the world's second-largest copper mine, leading to strong performances in the copper sector, with China Daye Non-Ferrous Metals soaring by 25% [4]

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]