Group 1 - The Nasdaq China Golden Dragon Index fell by 2.17%, indicating a decline in the performance of popular Chinese stocks [1] - Baidu experienced a nearly 5% drop, while Alibaba decreased by over 3.5% [1] - Xpeng Motors also saw a decline of 3.5%, with Li Auto and WeRide falling by over 2% [1] Group 2 - JD.com, Xiaomi Group ADR, Pinduoduo, and Yum China all dropped by more than 1% [1]

小鹏汽车副董事长兼联席总裁顾宏地表示，东盟是公司非常看好的市场之一。(完) （文章来源：中国新闻网） 中新社广州12月15日电 (记者蔡敏婕)小鹏汽车15日发布消息称，该公司与马来西亚EPMB集团签约，正 式启动其马来西亚本地化生产项目。 马来西亚纯电动车市场正高速增长，已迈入规模化增长新阶段。与此同时，马来西亚拥有成熟的汽车产 业链，以及针对本地化生产的积极政策，这使其成为智能电动汽车制造的理想基地。 今年以来，小鹏汽车海外本地化生产布局推进迅速，半年内已密集落地3个生产项目：7月，首个海外本 地化生产项目在印度尼西亚落地；9月，首个欧洲本地化生产项目在奥地利格拉茨麦格纳工厂启动，同 月，协同本地化生产的首个欧洲研发中心——德国慕尼黑研发中心启用；12月，第三个海外本地化生产 项目在马来西亚启动。 本地化生产与全球研发网络的协同效应，正驱动小鹏汽车海外业务迈入增长期。2025年1月至11月，小 鹏汽车海外交付量达39773辆，同比增幅高达95%。截至目前，小鹏汽车销售服务网络已覆盖52个国家 和地区，海外销售服务网点增至321个。此外，小鹏汽车在全球已设立9大研发中心。 这是继印度尼西亚、奥地利之后，小鹏汽 ...

Core Insights - Xiaopeng Motors has signed an agreement with Malaysia's EPMB Group to officially launch its local production project in Malaysia, marking its third localized production initiative globally after Indonesia and Austria [1] - The project is planned to achieve mass production by next year [1] - In the first 11 months of this year, Xiaopeng Motors' overseas delivery volume reached 39,800 units, representing a year-on-year increase of 95% [1] - Currently, Xiaopeng Motors' sales and service network has expanded to cover 52 countries and regions globally, with the number of overseas sales and service outlets increasing to 321 [1]

Core Viewpoint - The automotive sector is experiencing a downturn, with significant declines in stock prices and retail sales, indicating a challenging market environment for car manufacturers [1] Group 1: Stock Performance - GAC Group (601238) shares fell by 3.02%, trading at HKD 3.85 [1] - Li Auto-W (02015) shares decreased by 2.66%, trading at HKD 65.75 [1] - Xpeng Motors-W (09868) shares dropped by 2.05%, trading at HKD 73.9 [1] Group 2: Market Sales Data - According to the China Passenger Car Association, retail sales of narrow passenger vehicles are projected to be approximately 2.225 million units in November 2025, reflecting a year-on-year decline of 8.1% and a month-on-month decrease of 1.1% [1] - From December 1 to 7, retail sales in the passenger car market totaled 297,000 units, marking a 32% year-on-year decline compared to the same period last year and an 8% decrease from the previous month [1] Group 3: Industry Outlook - CITIC Securities believes that the Central Economic Work Conference emphasizes the importance of domestic demand and the construction of a strong domestic market, with plans to continue national subsidies until 2026 [1] - Major automotive companies are experiencing weaker sales month-on-month, and previous market expectations for a year-end surge have not materialized, leading to low market sentiment [1] - The firm remains optimistic about the high-end development of domestic passenger vehicles, the strong new car cycle, and the international expansion of leading new energy vehicle companies [1]

Core Viewpoint - Xpeng Motors has signed a cooperation agreement with EPMB Group to initiate a localized production project in Malaysia, marking its third such project globally after Indonesia and Austria, with plans for mass production by 2026 to serve the ASEAN right-hand drive vehicle market [1][3]. Group 1 - The project aims to establish a strategic hub for the ASEAN right-hand drive vehicle market [3]. - Xpeng Motors has entered the top six electric vehicle brands in Malaysia from January to October this year, surpassing numerous automotive brands [4]. - The Xpeng X9 model achieved the highest sales in the high-end electric MPV segment in Malaysia in September, demonstrating strong competitive performance in the local market [4]. Group 2 - Xpeng Motors plans to further promote its localization strategy in Southeast Asia to provide better products and services to regional consumers [4].

Group 1 - The automotive stocks are experiencing a downturn, with GAC Group down 3.02% at HKD 3.85, Li Auto down 2.66% at HKD 65.75, and Xpeng Motors down 2.05% at HKD 73.9 [1] - According to the China Passenger Car Association, retail sales of narrow passenger vehicles are projected to be approximately 2.225 million units in November 2025, representing a year-on-year decline of 8.1% and a month-on-month decrease of 1.1%, marking the first year-on-year negative growth in retail sales for the automotive market in 2023 [1] - From December 1 to 7, retail sales in the passenger car market reached 297,000 units, a year-on-year decrease of 32% compared to the same period last year and an 8% decline compared to the previous month [1] Group 2 - CITIC Securities believes that the Central Economic Work Conference emphasizes the importance of domestic demand, aiming to build a strong domestic market and optimize the implementation of the "two new" policies, with a clear indication that the national subsidy policy will continue into 2026 [1] - Recent data shows that leading automotive companies are experiencing weaker month-on-month sales, and the anticipated "tail effect" from year-end stocking has not materialized, with some regions suspending trade-in subsidies, leading to low market sentiment [1] - The firm remains optimistic about the high-end development of domestic passenger vehicles, a strong new vehicle cycle, and the overseas expansion of leading new energy vehicle companies [1]

2025年1-11月，小鹏汽车海外交付量达39,773辆，同比增幅高达95%，显示出强劲的市场扩张势头。截 至目前，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。此外，小 鹏汽车在全球已设立9大研发中心，为持续创新注入核心动力。 凤凰网科技讯12月15日，小鹏汽车官方宣布，小鹏汽车与马来西亚大型制造业上市公司EPMB集团签署 合作协议，正式启动马来西亚的本地化生产项目。这是继印尼、奥地利之后，小鹏在全球布局的第三个 本地化生产项目。按计划，项目将于2026年实现量产，旨在打造服务整个东盟右舵车市场的战略枢纽。 据官方介绍，今年1-10月，小鹏汽车成功跻身马来西亚当地纯电品牌销量前六。其中，小鹏X9在9月拿 下马来西亚高端电动MPV销量冠军。 ...

每经AI快讯，据小鹏汽车微信公众号12月15日消息，近日，小鹏汽车与马来西亚大型制造业上市公司 EPMB集团签署合作协议，正式启动其在马来西亚的本地化生产项目。这是继印尼、奥地利之后，小鹏 在全球布局的第三个本地化生产项目。按计划，项目将于2026年实现量产，旨在打造服务整个东盟右舵 车市场的战略枢纽。 ...

人民财讯12月15日电，小鹏汽车15日宣布，与马来西亚大型制造业上市公司EPMB集团签署合作协议， 正式启动其在马来西亚的本地化生产项目。这是继印尼、奥地利之后，小鹏在全球布局的第三个本地化 生产项目。按计划，项目将于2026年实现量产，旨在打造服务整个东盟右舵车市场的战略枢纽。 ...

12月15日，马来西亚汽车零部件制造商EPMB公告称，全资子公司与小鹏汽车已于12月12日签署协议， 将在马来西亚共同开展特定车辆项目的研发、制造、生产及组装合作，子公司将为小鹏汽车组装G6车 型及X9车型（含X9车型的增程电动汽车版本），G6车型计划于2026年3月31日前投产，X9车型计划于 2026年5月25日前投产。 ...