| 车企 | 10月销量或交付量(辆) | 同比 | 环比 | | --- | --- | --- | --- | | 比亚迪 | 441706 | -12. 13% | 11. 47% | | 吉利新能源 | 177882 | 63.61% | 7.68% | | 奇瑞新能源 | 110346 | 54. 70% | 20. 48% | | 零胞 | 70289 | 84. 11% | 5. 45% | | 鸿蒙智行 | 68216 | 63.81% | 28. 91% | | 长城新能源 | 46155 | 44. 06% | 0. 42% | | 小鹏 | 42013 | 75. 66% | 1. 04% | | 劇来 | 40397 | 92. 59% | 16. 25% | | 小米 | 超40000 | 去年10月超20000 | 9月超40000 | | 理想 | 31767 | -38. 25% | -6. 43% | | 北汽新能源 | 30542 | 112. 02% | 48. 70% | | 埃安 | 27014 | -32. 55% | -7.21% | | 深蓝 | 36792 | ...

Core Insights - The article highlights the net inflow and outflow of funds for various companies in the Hong Kong stock market, indicating significant movements in investor sentiment and market dynamics [1][2][3] Net Inflow Summary - The top three companies with the highest net inflow of funds are Huahong Semiconductor (华虹半导体) with 388 million, Pop Mart (泡泡玛特) with 320 million, and Qingdao Beer (青岛啤酒股份) with 305 million [1][2] - The net inflow percentages for these companies are 8.15%, 7.92%, and 58.54% respectively, indicating strong investor interest, particularly in Qingdao Beer [2][3] Net Outflow Summary - The companies with the highest net outflow of funds include Alibaba-W (阿里巴巴-W) with -523 million, Southern Hang Seng Technology (南方恒生科技) with -429 million, and Tencent Holdings (腾讯控股) with -355 million [1][2] - The net outflow percentages for these companies are -3.89%, -4.86%, and -3.36% respectively, reflecting a negative sentiment among investors towards these stocks [2][3] Net Inflow Ratio Summary - The companies with the highest net inflow ratios are Shenzhen Expressway (深圳高速公路股份) at 68.48%, Anhui Wanshan Expressway (安徽皖通高速公路) at 64.22%, and Legend Holdings (联想控股) at 59.98% [1][3] - These ratios suggest a strong demand for shares in these companies relative to their trading volume [3] Net Outflow Ratio Summary - The companies with the highest net outflow ratios are Huadian International Power (华电国际电力股份) at -62.31%, CIMC Enric (中集安瑞科) at -54.98%, and Connoisseur-B (康诺亚-B) at -52.78% [1][3] - These figures indicate significant selling pressure and a lack of confidence among investors in these stocks [3]

在自主品牌阵营中，上汽集团10月份销量再次斩获第一。该公司10月份销售整车45.40万辆，同比增长12.96%。 本报记者 刘钊 10月份，中国汽车市场延续强劲增长态势，截至目前，已有多家主流车企交出亮眼销量答卷。其中，上汽集团以45.40万辆 的单月销量成绩领跑行业，比亚迪、奇瑞集团、吉利汽车等车企销量均突破28万辆。 从整体数据来看，10月份中国车企不仅在销量规模上实现新突破，更在新能源渗透率、高端市场布局及全球化拓展等维度 展现出强劲竞争力，为中国汽车产业高质量发展注入新动能。 中国汽车流通协会相关负责人向《证券日报》记者表示，10月份汽车市场延续旺季态势。地方补贴政策、国庆车展及经销 商年末促销共同发力，叠加国家第四批以旧换新补贴落地与多款新车密集上市，推动10月份上半月订单量同比大幅攀升。国庆 假期后，市场需求呈现周期性回调，新增订单环比9月份下半月温和回落，但受益于新能源汽车购置税免征政策进入倒计时， 政策切换窗口促使车企密集推出优惠活动，叠加10月初秋季车展订单加速转化交付，市场韧性凸显。 头部集团全面领跑 新能源是增长极 新势力品牌销量在10月份延续高增长态势，不仅持续刷新纪录，更在高端市场与 ...

New Car Launches - The new Zeekr 7X has been launched with a price range of 229,800 to 269,800 CNY, featuring three models and significant upgrades in design and technology [2][3][11] - The new Avita 12 Four Laser Edition is priced between 269,900 and 429,900 CNY, offering both range-extended and pure electric versions with advanced driving assistance systems [14][20][22] - Smart's new model, the Smart 5 EHD, is priced from 189,900 to 239,900 CNY, featuring a hybrid system and a luxurious interior [23][30] - The new Denza N8L is launched at a price of 299,800 to 329,800 CNY, showcasing a modern design and advanced technology features [4][38] - Beijing Hyundai's EO model is available for pre-sale at 119,800 to 149,800 CNY, targeting the compact SUV market with competitive features [5][47] - Chery's new model, the Wind Cloud T11, is priced between 189,900 and 249,900 CNY, boasting high-end configurations and a spacious interior [6][54] - The Galaxy Star 6 has been launched with a price range of 74,800 to 105,800 CNY, featuring a new design and advanced technology [7][58] - The Deep Blue L06 has opened for pre-sale with a price range of 139,900 to 161,900 CNY, featuring a sporty design and advanced driving assistance [8][67] Company Dynamics - Horizon Robotics has partnered with ZF to develop a city navigation assistance system, set to be mass-produced by 2026 [70][75] - Xiaopeng Motors is establishing the first low-altitude flying car "6S" store in Guangzhou, aiming to integrate various flying services [76][79] - 4D Map has rebranded to SEEWAY.AI, focusing on AI strategies and expanding into autonomous driving technologies [81][84] - SAIC Group reported a growth in both sales and revenue in Q3, driven by strong performance in the electric vehicle segment [87][90] - BYD's Q3 revenue decreased by 3.05% to 194.99 billion CNY, with net profit down 32.6% due to competitive pressures [91][92] - Seres reported a 15.75% increase in revenue to 48.13 billion CNY, while net profit slightly declined [94][95] Sales Performance - BYD's October passenger car sales reached 436,856 units, maintaining a leading position in the electric vehicle market [100][104] - SAIC Group sold 207,000 new energy vehicles in October, leading the industry in total sales [106] - Geely's October new energy vehicle sales were 177,882 units, with significant contributions from its Galaxy brand [107][110] - Chery's new energy vehicle sales reached 110,346 units in October, marking a significant milestone [111][112] - Chang'an's new energy vehicle sales were 119,000 units, with strong performance from its Deep Blue brand [119] - Great Wall Motors sold 46,155 new energy vehicles in October, reflecting its ongoing transition to electric vehicles [120][121] - Leap Motor delivered 70,289 units in October, showcasing its strong market presence [122] - Hongmeng Zhixing delivered 68,216 units in October, benefiting from increased production capacity [125][127] - Xiaopeng Motors delivered 42,013 units in October, with new models contributing to sales growth [128][130] - NIO delivered 40,397 units in October, reflecting a successful year for the brand [131][133] - Xiaomi's vehicle deliveries exceeded 40,000 units in October, supported by favorable market conditions [134][136] - FAW delivered 38,900 new energy vehicles in October, marking a significant achievement [137][138] - Li Auto delivered 31,767 units in October, facing competitive pressures in the market [143][144] - Dongfeng Yipai Technology delivered 31,107 units in October, showing steady growth [146][148] - BAIC New Energy sold 30,542 units in October, driven by new model launches [149][152] - Lantu delivered 17,218 units in October, continuing its upward trajectory [153][155] - Jishi delivered 1,426 units in October, with plans for future expansion [156][159]

Investment Rating - The report maintains a positive investment rating for the automotive and automotive parts industry, highlighting strong performance in the sector [5]. Core Insights - The automotive sector has shown resilience, with the A-share automotive sector rising by 2.2% from October 27 to October 31, outperforming the Shanghai and Shenzhen 300 index, which increased by 0.8% [29]. - Key companies to focus on include Geely Automobile, Xiaopeng Motors, Li Auto, BYD, Xiaomi Group, Berteli, Top Group, New Spring Co., Hu Guang Co., and Chunjun Power [9][12]. Summary by Sections Weekly Market Performance - The automotive sector outperformed the market, with various segments such as commercial passenger vehicles and automotive parts seeing significant increases in stock prices [29]. Weekly Insights - The report emphasizes the upcoming IPOs of Wenyan and Xiaoma, indicating a rapid development in smart driving technology [3][11]. - The report suggests a focus on the T-chain core line, with optimism surrounding the release of the Optimus robot in Q1 2026 [10]. Passenger Vehicles - The report highlights the positive impact of the "old-for-new" policy, which is expected to stimulate demand for passenger vehicles, particularly for high-quality domestic brands [12]. Smart Electric Vehicles - The report notes the ongoing growth in the smart electric vehicle segment, with a focus on the increasing market share of domestic brands and the potential for significant growth in the automotive parts sector [13]. Robotics - The report discusses the entry of leading companies into the robotics sector, indicating a new era of embodied intelligence and the potential for significant advancements in this field [15][17]. Motorcycles - The report highlights the rapid expansion of the large-displacement motorcycle market, with significant year-on-year sales growth [21][22]. Heavy Trucks - The report indicates a recovery in the heavy truck market, driven by expanded subsidies for replacing old vehicles, which is expected to boost demand [23][24]. Tires - The report emphasizes the ongoing globalization of the tire industry, with a focus on leading companies that are well-positioned for growth [25][27].

（原标题：小鹏汽车CEO何小鹏：当十五运会火炬手感到骄傲、自豪） 南方财经 21世纪经济报道记者 谭砚文 黄子豪 郑全怡 广州报道 11月2日上午，第十五届全国运动会火炬传递于广州、深圳、香港、澳门四地开跑。此次火炬传递的"收 官之笔"意蕴深长。KNJ（投资）有限公司董事长何敬麟，香港霍英东集团行政总裁霍震寰依次跑过海 心沙星光大道，广东小鹏汽车科技集团有限公司董事长、首席执行官何小鹏进入收火仪式现场，登上舞 台后展示火炬并点燃火种盆，定格了大湾区深度协同的美好画面。 海外运营监制: 黄燕淑 海外运营内容统筹: 黄子豪 海外运营编辑：庄欢 吴婉婕 龙李华 郑全怡 出品：南方财经全媒体集团 其中，第50棒火炬手小鹏汽车CEO何小鹏在接受南方财经记者采访时表示："作为十五运会广州站最后 一棒火炬手感到骄傲、自豪。" 策划：赵海建 监制：黄燕淑 内容：谭砚文 黄子豪 郑全怡 设计：刘妍妍 ...

Core Viewpoint - The October performance of the new energy vehicle (NEV) market has shown significant growth, marking a strong sales season that contrasts with the overall automotive market's decline [2][7][8]. Group 1: Sales Performance - Multiple NEV brands reported record-high delivery numbers in October, with Leap Motor delivering 70,289 vehicles, a year-on-year increase of over 84% [2][5]. - BYD achieved sales of 441,706 vehicles in October, the highest for the year, with cumulative sales from January to October reaching 3,701,852 vehicles, and over 14.2 million NEVs sold cumulatively [3]. - Geely's passenger car sales reached 307,133 units in October, a year-on-year increase of 35%, maintaining an upward trend for eight consecutive months [3]. - Changan's Avita Technology reported sales of 13,500 units in October, a year-on-year increase of 34%, marking a historical high [6]. Group 2: Market Dynamics - The NEV market's robust performance is attributed to supportive policies and the launch of new models, positioning it as a key driver for growth in the automotive industry [2][9]. - Despite the NEV market's growth, the overall passenger car market saw a decline, with retail sales dropping by 7% year-on-year in October [7][8]. - The China Passenger Car Association anticipates that the NEV penetration rate will reach new heights, driven by ongoing policy support and new model launches [9]. Group 3: Future Outlook - The fourth quarter is expected to see continued support from vehicle scrappage and replacement, as well as demand driven by the upcoming reduction in NEV purchase tax subsidies [9]. - Analysts suggest focusing on leading companies in the NEV industry and those with international market presence, as well as component suppliers and infrastructure firms benefiting from the NEV growth [9].

面向全球市场，小鹏汽车下一代增程产品小鹏X9超级增程备受关注。该车型作为行业唯一实现"63.3度大电池+60L大油箱"的大7座车型，综合续航达 1602km，历经全球复杂环境验证，将于下周首秀亮相。10月，小鹏汽车进一步拓展欧亚非市场，新增立陶宛、拉脱维亚、爱沙尼亚、柬埔寨、摩洛哥、突 尼斯、卡塔尔七国市场，全球化战略从"快速布局"转向"扎实运营"。 在技术与品牌展示方面，10月16日至18日，小鹏汽车携全新小鹏P7、小鹏G7、2025款小鹏G9、2025款小鹏X9亮相第八届世界智能网联汽车大会，彰显智能 电动化领域技术硬实力。同期，小鹏汇天在迪拜举办"陆地航母"国际品鉴会，发布国际新品牌"ARIDGE"及以汉字"飞"为灵感的Logo，并宣布广州飞行汽车 智造基地9月底竣工，为2026年量产做准备。 10月20日，小鹏新总部"小鹏科技园"正式启用。该园区总面积近40万平方米，配套8万平公园、3个科技销售展厅，内置2万平方米餐厅及8个"妈妈厨房"档 口，集AI智慧、绿色低碳与建筑美学于一体。小鹏汽车董事长CEO何小鹏与员工、车主代表共同庆祝乔迁。此外，10月XNGP城区智驾月度活跃用户渗透率 达86%。 11月 ...

【导读】造车新势力集体"卖爆"，央国企新能源车企发力，创新高成关键词 中国基金报记者 邱德坤 11月1日，新能源车企集中交出10月"成绩单"，交付量（销量）环比9月整体均实现增长。 具体来看，比亚迪、吉利新能源、奇瑞新能源的销量排名前三，其中比亚迪10月销量创2025年年内新高，但同比下降12.13%。 造车新势力方面，零跑、小鹏、蔚来公司的月度交付量均创新高，其中零跑的月度交付量首破7万辆大关，10月达7.03万辆。 央国企新能源车企方面，深蓝、北汽新能源、岚图排名销量前三，其中岚图自2025年以来实现"九连涨"，意图打造央国企高端新能源车企第一品牌。 网红车企小米汽车，9月、10月的交付量均超4万辆，但小米集团创始人、董事长兼CEO雷军两次"缺席"，未在其微博转发小米汽车的交付量信息。 新能源车企的竞争越发激烈，难言哪家车企已经胜出。理想作为昔日造车新势力"一哥"，10月交付量同比、环比均下降，是头部造车新势力中唯一未增长 的车企。 | 车企 | 10月销量或交付量(辆) | 同比 | 环比 | | --- | --- | --- | --- | | 比亚迪 | 441706 | -12. 13% | 1 ...

【导读】造车新势力集体"卖爆"，央国企新能源车企发力，创新高成关键词 中国基金报记者 邱德坤 11月1日，新能源车企集中交出10月"成绩单"，交付量（销量）环比9月整体均实现增长。 具体来看，比亚迪、吉利新能源、奇瑞新能源的销量排名前三，其中比亚迪10月销量创2025年年内新高，但同比下降12.13%。 造车新势力方面，零跑、小鹏、蔚来公司的月度交付量均创新高，其中零跑的月度交付量首破7万辆大关，10月达7.03万辆。 央国企新能源车企方面，深蓝、北汽新能源、岚图排名销量前三，其中岚图自2025年以来实现"九连涨"，意图打造央国企高端新能源车企 第一品牌。 网红车企小米汽车，9月、10月的交付量均超4万辆，但小米集团创始人、董事长兼CEO雷军两次"缺席"，未在其微博转发小米汽车的交付 量信息。 新能源车企的竞争越发激烈，难言哪家车企已经胜出。理想作为昔日造车新势力"一哥"，10月交付量同比、环比均下降，是头部造车新势 力中唯一未增长的车企。 | 车企 | 10月销量或交付量(辆) | 同比 | 环比 | | --- | --- | --- | --- | | 比亚迪 | 441706 | -12. 13% | ...