Core Viewpoint - The intelligent driving industry is at a critical juncture with the emergence of VLA (Vision-Language-Action) technology, leading to a division among key players regarding its potential and implementation [1][2][3]. Group 1: VLA Technology and Its Implications - VLA is seen as a potential solution to the limitations of end-to-end systems in intelligent driving, which can only address about 90% of the challenges [6][10]. - The introduction of language as a bridge in the VLA model aims to enhance the system's understanding and decision-making capabilities, allowing for more complex and nuanced driving actions [12][14][18]. - VLA is believed to improve three key areas: understanding dynamic traffic signals, enabling natural voice interactions, and enhancing risk prediction capabilities [19][20][21]. Group 2: Challenges and Criticisms of VLA - Despite the potential advantages, VLA faces significant challenges, including the need for substantial financial investment and the technical difficulties of aligning multimodal data [31][32]. - Critics argue that VLA may not be necessary for achieving higher levels of autonomous driving, with some suggesting it is more of a supplementary enhancement rather than a fundamental solution [35][36]. - The current limitations of existing intelligent driving chips hinder the effective deployment of VLA models, raising concerns about their practical application in real-world scenarios [31][32]. Group 3: Industry Perspectives and Strategies - Companies like Li Auto, Yuanrong, and Xiaopeng are betting on VLA, emphasizing high investment and computational intensity to pursue its development [41][42]. - In contrast, players like Huawei and Horizon are focusing on structural solutions and world models, arguing that these approaches may offer more reliable paths to achieving advanced autonomous driving [43][46]. - The ongoing debate over VLA reflects broader strategic choices within the industry, with companies prioritizing different technological pathways based on their resources and market positioning [47].

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it [20]. Core Insights - The 2025 IAA Mobility event highlighted the competitive dynamics between Chinese and European automakers, with over 100 Chinese companies participating, making China the largest foreign exhibitor [6][1]. - Chinese automakers are accelerating their overseas expansion, focusing on a full-chain strategy that includes products, channels, and supply chains to enhance their market presence in Europe [7][2]. - European automakers are prioritizing cost reduction and efficiency to maintain profitability while facing increasing competition from Chinese brands [8][3]. - The report identifies three key trends: rapid overseas expansion by Chinese OEMs, a shift in competition towards system-level capabilities, and a pragmatic market structure in Europe that includes both PHEVs and entry-level BEVs [9][4]. Summary by Sections Event Overview - The IAA Mobility event took place from September 8-14, 2025, in Munich, featuring 748 exhibitors, with a significant representation from Chinese companies [1][6]. Chinese Automakers' Strategies - BYD plans to start production in Hungary and establish over 1,000 stores in Europe by the end of 2025, expanding to 2,000 by 2026 [7][2]. - XPeng showcased new models and announced a new R&D center in Munich, emphasizing its AI and mobility ecosystem [7][2]. - Leapmotor and GAC also introduced new models targeting the European market, highlighting their commitment to local production and market penetration [7][2]. European Automakers' Responses - BMW aims to reduce EV costs by 40-50% and achieve profitability levels comparable to ICE vehicles by 2026 [8][3]. - Mercedes-Benz and Volkswagen are focusing on maintaining their market positions without engaging in price wars, while Renault and Stellantis are adjusting their strategies to emphasize lower-cost models [8][3]. Key Trends - The report outlines three major trends: the acceleration of Chinese automakers' overseas expansion, the transition of competition towards comprehensive system capabilities, and the emergence of a dual market structure in Europe that accommodates both PHEVs and entry-level BEVs [9][4].

Group 1 - In August 2025, XPeng Motors delivered 37,709 vehicles, representing a year-on-year increase of 169% and a month-on-month increase of 3% [1][2] - The launch of the new XPeng P7 model contributed to sales growth, with over 15,000 units sold in August. The new P7 variants were priced between 219,800 and 301,800 CNY [2] - The company has expanded its product matrix, enhancing its sales potential with models like the XPeng Mona M03, P7+, G6, and G7 [2] Group 2 - XPeng's AI system, XNGP, achieved an 85% monthly active user penetration rate in August, indicating strong user engagement [2] - A strategic partnership with Volkswagen Group was established to develop advanced electronic and electrical architectures, enhancing XPeng's technological capabilities [2] - The company is positioned to maintain its AI leadership, with ongoing iterations of its Turing chip and AI model capabilities [2] Group 3 - XPeng Motors is expanding its global market presence, successfully entering new markets in the UK, Italy, and Ireland, covering 46 countries and regions [3] - The new XPeng G6 was launched in Thailand, further accelerating the company's global expansion efforts [3] - Sales projections for XPeng Motors from 2025 to 2027 are estimated at 524,000, 786,000, and 966,000 vehicles, with corresponding revenues of 97.76 billion, 158.1 billion, and 197.07 billion CNY [3]

| | | 2025年H1部分车企应付账款及票据变化情况 | | | | --- | --- | --- | --- | --- | | 证券简称 | | | | | | 比亚迪 | 2366.86 | 2440.27 | -73.41 | | | 上汽集团 | 2305.53 | 2411.44 | -105.91 | | | 吉利汽车 | 1050.61 | 1131.85 | -81.24 | | | 长城汽车 | 732.85 | 795.71 | -62.86 | | | 赛力斯 | 627.64 | 684.51 | -56.87 | | | 东风集团股份 | 559.81 | 566.00 | -6.19 | | | 长安汽车 | 545.61 | 786.46 | -240.85 | Í | | 理想汽车 | 499.67 | 535.96 | -36.29 | | | 北京汽车 | 392.55 | 393.08 | -0.53 | | | 蔚来 | 349.51 | 343.87 | 5.64 | | | 小鹏汽车 | 306.87 | 230.80 | 76.07 | | | 广汽集团 ...

（原标题：小鹏汽车在北京成立鹏魁汽车销售服务公司） 企查查APP显示，近日，北京鹏魁汽车销售服务有限公司成立，经营范围包含：汽车销售；新能源汽车 整车销售；新能源汽车电附件销售；机动车充电销售；充电桩销售等。企查查股权穿透显示，该公司由 小鹏汽车销售有限公司间接全资持股。 ...

178 都与平 all and control a ¥ 30,000 ¥ 25,000 ¥ 20,000 ¥ 15,000 ¥ 10,000 ¥ 5,000 卖车不如卖电池！宁德时代半年大赚304亿元，国内最赚钱的3家车企利润总和与宁德时代一家相当。最近，这一话题频频引发行业关注。 日前，国内车企2025年上半年财报已陆续发布，这份成绩单里不仅有预料之中的行业分化，更藏着不少打破惯性认知的亮点。有的在新能源赛道上加速领 跑，有的在新势力阵营中实现盈利突破，也有的在海外市场打开增长新空间。 在这场关乎生存与发展的半年考中，谁能称得上是真正的赢家？ 高端化显成效 拉动业绩创新高 高端化战略已成为部分车企业绩增长的核心驱动力，在营收、利润和品牌溢价等维度均展现出显著贡献。 吉利汽车的高端化转型显著拉动业绩增长。上半年，极氪、领克等高端品牌合计销量24.4万辆，极氪007 GT等车型在30万元以上的高端市场渗透率达12％， 带动了单车均价提升至17.3万元，优化了整体利润结构，毛利率提升至16.4％。 极氪001、007等30万元以上车型上半年累计销量12.6万辆，其中极氪007 GT作为40万元级纯电轿跑，单月销量 ...

9月10日消息，据小鹏汽车官微，今日，小鹏汽车德国慕尼黑研发中心正式启用！这是小鹏在欧洲落地 的首个研发中心，亦是继美国硅谷、圣地亚哥研发中心之后，我们全球版图上的第9大研发站点。 小鹏汽车表示，从中国到全球，小鹏汽车始终以"科技平权"为初心，期待和鹏友们一起，见证更多全球 化智能出行的新可能！ 责任编辑：李思阳 ...

何小鹏开场先介绍自己，他表示这是他第一次来到慕尼黑车展，最近注意到德国有很多企业是用创始人的名字去命名，但在中国，用创始人命名企业还是比 较少有。 ▲ 图源小鹏新闻稿，下同 何小鹏认为，把公司创始人的名字放到公司名、品牌和产品上代表了一种信心，也代表了一种责任。 IT之家 9 月 9 日消息，小鹏汽车今天发布了公司 CEO 何小鹏出席 2025 德国慕尼黑车展的演讲视频，谈及自家公司命名的心得。 当时何小鹏分享道："很多朋友劝我给小鹏汽车改名，说只要一改名，销量就能翻一倍。这背后可能有多种原因，一个是文化自信，另一个是中国有一个品 牌认知，觉得洋气很重要"。 后续何小鹏分享了公司的最新技术、产品阵容，提及全新小鹏 P7、IRON 人形机器人。 值得注意的是，何小鹏曾在上月（8 月 26 日）做客罗永浩视频播客节目时表示，在中国一个企业名用老板名字好像很怪。 IT之家注：何小鹏出生于 1977 年，毕业于华南理工大学计算机科学专业，1999 年获得学士学位，毕业后进入亚信科技广州分公司，在技术、测试、项目管 理等多个岗位历练数年。 2004 年，何小鹏创立 UCWeb，专注移动互联网软件服务，其中代表产品是 U ...

9月9日消息，据小鹏汽车官微，小鹏汽车董事长何小鹏在慕尼黑车展介绍小鹏汽车时表示，在德国有很 多企业是用创始人的名字命名，但在中国比较少有，把自己的名字放到自己产品上，代表了一种信心， 和一种责任。 他认为这有多种原因，第一是文化自信，第二是中国消费者对品牌有一种认知，觉得洋气很重要。但 是，随着小鹏汽车走向全球，在全球市场叫Xpeng，它是"小鹏"的第一个拼音字母缩写，而且"鹏"在海 外也很容易被接受。 责任编辑：李思阳 此前在罗永浩播客《罗永浩的十字路口》第二期中，何小鹏谈到用自己名字做公司名时表示，公司名称 问题一直伴随着小鹏汽车，甚至有七八年里，一直有人说小鹏这个品牌要改名。 "很多好朋友真心劝我改名，说只要一改名，销量就能翻一倍。" ...

人来康复设备制造有限公司展出的电动多功能病床可以完成多种变形，帮助病人站立、坐立、侧 身。"重症和久卧不起的患者因为长时间躺着，会导致肌肉功能障碍或是血液不畅等问题，这些病床都 可以帮助他们完成各种无法完成的动作，减少病痛折磨。"该公司现场工作人员翁文龙介绍，目前，产 品正在进行脑机接口实验，未来，患者可以用意念完成上述康复动作。 "这款车首次搭载了三颗自研图灵芯片，算力超强，辅助驾驶能力排在新能源汽车前列。"9月8日，第二 十五届中国国际投资贸易洽谈会（下称"投洽会"）在厦门国际会展中心开幕，湖北展馆内的小鹏汽车现 场工作人员冯甘雨向记者介绍。 据了解，这款前不久刚上市的新车是小鹏首款在湖北设计研发的新能源汽车，代表湖北首次参展。它不 仅支持放电功能，综合续航达到了702千米，超充实现10％到80％只需要12分钟。 此次投洽会，湖北设置了160平方米的形象展区，集中展示湖北"51020"先进制造业产业集群的创新成果 和硬核产品，新能源与智能网联汽车、人工智能、新材料、高端装备、大健康、光电子信息六大板块共 19家企业展示了37余件展品。 此外，在高端装备产业板块，梦芯科技展出了两款北斗优先高精度芯片，支持所 ...