Core Viewpoint - Xiaopeng Motors officially enters the range-extended vehicle market with the launch of its Kunpeng Super Range-Extended Technology, targeting the popular MPV segment with the pre-sale of the Xiaopeng X9 Super Range-Extended model [1][3] Group 1: Product Launch and Features - The Xiaopeng X9 Super Range-Extended model is available in two versions, Max and Ultra, with pre-sale prices of 350,000 yuan and 370,000 yuan respectively [1] - The vehicle features a 63.3 kWh fast-charging lithium iron phosphate battery and a 60L fuel tank, offering a pure electric range of 452 kilometers and a comprehensive range of 1,602 kilometers [3] - The Kunpeng Super Range-Extended Technology utilizes 5C+800V ultra-fast charging technology, allowing for a 70% state of charge (SOC) in just 12 minutes [3] Group 2: Market Context and Competition - The MPV market is becoming increasingly competitive, with several domestic brands like Lantu, Denza, and Zeekr entering the high-end MPV segment [4] - The market dynamics are shifting, with the Xiaopeng X9 Super Range-Extended model set to compete directly with established players like Weipai and Denza, which currently hold the second and third positions in the MPV market [4] Group 3: Financial Performance and Strategy - Xiaopeng Motors has seen a significant increase in sales, with a cumulative delivery of 355,000 vehicles in the first ten months of this year, representing a 190% year-on-year growth [5] - Despite rising sales, the company reported a net loss of 480 million yuan in Q2, although this is an improvement from a loss of 1.28 billion yuan in the same period last year [5] - The company aims to achieve profitability by Q4 of this year and is focusing on expanding its product lineup to enhance market presence [5][6] Group 4: Industry Trends and Future Outlook - The hybrid and range-extended vehicle market is experiencing rapid growth, with a tenfold increase in sales from 2020 to 2023 [7] - By 2025, it is projected that hybrid and range-extended vehicles will account for nearly 50% of the new energy vehicle market in China [7] - Global market forecasts suggest that the hybrid power system market will reach 441.623 billion yuan by 2029, growing at a compound annual growth rate of 4.5% [7] Group 5: Global Expansion Efforts - Xiaopeng Motors has been expanding its global presence, with sales and service networks covering over 46 countries and regions [8] - The company is also looking to enhance its overseas market strategy, particularly in regions where electric vehicle infrastructure is still developing [8]

Group 1: Humanoid Robots and AI - Xiaopeng plans to achieve mass production of advanced humanoid robots by the end of 2026, with a supply chain preparation timeline set for April 2026 [1] - Xiaopeng will open the SDK of its robot IRON to global developers to build an application ecosystem, with Baosteel as a partner exploring industrial applications [1] - Huaxin Securities believes Xiaopeng's fifth-generation humanoid robot shares high technical commonality with its automotive technology, indicating potential benefits for related stocks [1] Group 2: Data Center Energy Demand - The AI wave is expected to significantly increase global data center electricity demand, potentially doubling it to approximately 945 TWh by 2030 [2] - SOFC (Solid Oxide Fuel Cell) technology is highlighted as having substantial growth potential due to its higher energy conversion efficiency compared to gas and steam turbines [3] - Companies like Yishitong are in the mid-test phase of SOC projects, with a demonstration project expected to be operational by the end of 2025 [3] Group 3: Energy Storage Capacity - As of September, China's new energy storage capacity has surpassed 100 million kW, making it the largest globally, with a growth of over 30 times compared to the end of the 13th Five-Year Plan [4] - Dongwu Securities anticipates a 40-50% growth in energy storage demand next year, driven by new policies and market dynamics [4] - Companies like Shenghui Technology are developing portable energy storage products, while Shuneng Electric has maintained a top position in domestic storage inverter shipments for four consecutive years [4] Group 4: Lithium Battery Industry - In October, China's lithium carbonate production increased by 6% month-on-month and 55% year-on-year, driven by strong demand in the new energy vehicle and energy storage markets [5] - The production of lithium iron phosphate materials rose by approximately 10.5% month-on-month and 51% year-on-year, with an industry operating rate of about 74.4% [5] - Companies like Xingyuan Material are expanding overseas production capacity, while Shida Shenghua has achieved significant growth in electrolyte production [6] Group 5: Space Tourism and Commercial Aerospace - The China Space Tourism project will be globally launched at the 27th High-Tech Fair, reflecting the growing commercial aerospace industry, which is expected to reach a market size of $1.1 trillion by 2030 [7] - Companies like Aerospace Intelligence are providing services in satellite and rocket manufacturing, with a focus on high-precision components and testing services [7] Group 6: Consumer Electronics - Huawei has launched the Mate70 Air, with features including a 7-inch OLED display and various color options, indicating a strong push in the domestic consumer electronics market [8] - IDC reports a slight increase in global smartphone shipments, with a focus on the rising influence of domestic brands and the potential for growth in the Apple supply chain [9] - Companies like Furi Electronics and Desai Battery are key suppliers for Huawei, indicating strong partnerships within the consumer electronics sector [9]

Core Insights - Xiaopeng Motors has launched its new range extender technology, Kunpeng Super Range Extender, addressing five major pain points of traditional range extender users, including short electric range and slow charging speed [1] - The new model, Xiaopeng X9 Super Range Extender, is now available for pre-sale with prices starting at 350,000 yuan for the Max version and 370,000 yuan for the Ultra version [1] - The Xiaopeng X9 boasts the longest range for a seven-seater vehicle globally, with a CLTC pure electric range of 452 km and a comprehensive range of 1602 km [1] Technology and Performance - The Kunpeng Super Range Extender features a third-generation 1.5T high-efficiency turbocharged range extender, maintaining a stable cruising speed of 150 km/h even in low battery conditions [2] - It incorporates an industry-first fully integrated high-voltage oil-cooled generator, achieving high fuel generation efficiency [2] - The vehicle utilizes a unique 800V mixed silicon carbide coaxial electric drive, overcoming limitations of weak power in low battery situations [2] - The overall fuel consumption is 15% better than competitors in the same class, thanks to the integrated high-voltage oil-cooled generator and intelligent energy management system [2] Design and Safety - The Xiaopeng X9 features a 95.8% space utilization rate in its rear axle design, allowing for a spacious interior while integrating multiple systems [2] - The vehicle meets five-star safety design standards in both China and Europe, utilizing 87% high-strength steel and aluminum in its structure [2] - It includes advanced safety features such as a large energy-absorbing box in the front, designed to maximize occupant protection during collisions [2]

Core Viewpoint - Xiaopeng Motors has launched a new range extender technology solution called Kunpeng Super Range Extender, along with its first range extender model, the Xiaopeng X9 Super Range Extender, with pre-sale prices set at 350,000 yuan and 370,000 yuan for the Max and Ultra versions respectively [1] Group 1: Product Features - The Kunpeng Super Range Extender features a dedicated ultra-fast charging lithium iron phosphate battery and a 60L fuel tank, achieving a pure electric range of over 450 kilometers and a comprehensive range exceeding 1,600 kilometers under CLTC standards [1] Group 2: Market Strategy - The CEO of Xiaopeng Motors, He Xiaopeng, emphasized the necessity of adopting different technological routes to meet the diverse infrastructure, customer needs, and regulatory policies across various global regions [1]

Core Viewpoint - Xiaopeng Motors (XPEV.US) saw a pre-market increase of over 7%, reaching $23.44, following the announcement of the pre-sale for the Xiaopeng X9 Super Range model on November 6 [1] Group 1: Product Launch - The Xiaopeng X9 Super Range will be available in two versions, with the Max version starting at 350,000 yuan and the Ultra version starting at 370,000 yuan [1] - The new model is set to officially launch this month, featuring a CLTC comprehensive range of 1,602 kilometers and a pure electric range of 452 kilometers, along with support for 5C fast charging [1] Group 2: Technology Day Announcement - On November 5, Xiaopeng held a "2025 Xiaopeng Technology Day" at its Guangzhou Technology Park, themed "Emergence" [1] - During the event, Xiaopeng announced four significant applications related to "Physical AI," including the second-generation VLA, Xiaopeng Robotaxi, the new generation IRON, and two flight systems from Huitian, all of which have clear mass production plans [1] - Xiaopeng's Chairman and CEO, He Xiaopeng, stated that the company's positioning has been upgraded to "explorers of mobility in the Physical AI world, a global embodied intelligence company" [1]

周四，小鹏汽车(XPEV.US)盘前涨逾7%，报23.44美元。消息面上，11月6日，小鹏X9超级增程开启预 售。新车分为两个版本，其中，Max版预售价35万元起，Ultra版预售价37万元起。新车将于本月正式上 市。据了解，小鹏X9超级增程CLTC综合续航达到1602公里，CLTC纯电续航452公里，支持5C快充。 11月5日，小鹏在广州小鹏科技园举办以"涌现Emergence"为主题的2025小鹏科技日。发布会上，小鹏汽 车围绕"物理AI"发布了四项重要应用：包括小鹏第二代VLA、小鹏Robotaxi、全新一代IRON，以及汇 天两套飞行体系，这四项AI应用均有明确的量产计划。小鹏汽车董事长CEO何小鹏宣布，小鹏汽车的 定位升级为"物理AI世界的出行探索者，面向全球的具身智能公司"。 ...

在昨日的媒体沟通会上，何小鹏还表示，2026年年底小鹏目标实现规模量产高阶人形机器人。并认为， 未来机器人行业会有不同公司做不同的类型机器人，但小鹏选择做拟人的，同时也可以对小鹏的机器人 进行二次开发。他还提到，"机器人量产远比我们量产汽车要难，但是我们已经选择了，我们就坚定的 把它做好。"（罗宁） 在11月5日的"2025小鹏科技日"上，小鹏全新一代IRON亮相，并展示了猫步般轻盈的步态。随后，有不 少网友质疑，称"感觉是个真人在努力扮演机器人"。 他表示，如果它是来自于海外的其他的公司，我们也许会看到很多朋友不会有那么多的质疑，而会鼓掌 会欣喜。"大家不敢相信一个强大的机器人技术来自中国的公司，所以有时候我们心中的成见是一座大 山，它限制了束缚了我们，就像十年前有很多人不相信中国的新能源车可以做好并且走向全球一样。" 新浪科技讯 11月6日晚，在小鹏X9超级增程技术发布会上，小鹏汽车就"全新一代IRON机器人是否内藏 真人"等质疑再次回应，小鹏汽车CEO何小鹏在现场一度哽咽，并表示，"当我今天早上回到这里，当 IRON机器人的拉链被打开，去证明自己是个机器人的时候，说实话，那个时候我有一点点心酸，因为 竟 ...

Core Viewpoint - Xiaopeng Motors addressed concerns regarding the authenticity of its new generation IRON robot during the X9 super-range technology launch, demonstrating the robot's internal mechanical structure live on stage to dispel doubts about it being a real human [1] Group 1 - Xiaopeng Motors' CEO He Xiaopeng expressed emotional commitment to proving the robot's authenticity, stating that the decision to cut open the robot's "skin and muscle" was made just an hour before the event [1] - The demonstration involved cutting open the leg covering of the IRON robot while it was powered on, marking a first for the company [1] - The event aimed to provide transparency and reassurance to the audience regarding the robot's capabilities and design [1]

21世纪经济报道记者何煦阳 报道 （原标题：何小鹏回应此前智驾OTA效果不佳：因为我们在研发第二代VLA） 何小鹏：在二季度的某一天，我们加大了下一代VLA的开发的力度，我们后面甚至因此停止了标准 VLA的开发，影响了现在Max版本跟现在VLA版本的用户体验，因为我们发现一个全新的大门在打开。 我们有能力在未来的时间给大家带来更安全更丝滑更强力的自动驾驶系统的时候，我们打算暂停现在的 开发，全力以赴在新版本的VLA里面向前。 （视频编辑许婷婷，实习生余星惠） ...

Core Insights - The company plans to launch three Robotaxi models by 2026, emphasizing its commitment to developing both software and hardware in-house [1] - The partnership with Amap marks the first global ecological collaboration for the company's Robotaxi initiative [1] - The company envisions scaling up Robotaxi operations significantly, aiming for tens of thousands to millions of units globally, not just in China [1]