Group 1 - The majority of popular Chinese concept stocks experienced a decline, with the Nasdaq Golden Dragon China Index falling by 1.56% [1] - Kingsoft Cloud saw an initial drop of over 10%, while Daqo New Energy fell by more than 8% [1] - NIO, Li Auto, Global Data, and Bilibili all recorded declines of at least 4%, whereas New Oriental rose by over 1% and Xpeng increased by 2.5% [1]

小鹏汽车-W为近一个月首次上榜，当日港股通成交额为27.31亿港元，成交净卖出2.91亿港元，该股当 日收盘上涨5.03%。（数据宝） 9月26日港股通成交活跃股榜单 | 证券 | 证券简称 | 成交金额（亿 | 净买入金额（亿 | 近一个月上 | 最新收盘价 | 日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 代码 | | 港元） | 港元） | 榜次数 | （港元） | （%） | | 00700 | 腾讯控股 | 50.95 | 7.93 | 23 | 644.000 | -0.92 | | 00981 | 中芯国际 | 89.14 | -1.46 | 23 | 72.950 | -5.01 | | 01810 | 小米集团-W | 139.46 | 6.05 | 23 | 54.650 | -8.07 | | 09988 | 阿里巴巴-W | 175.01 | 24.12 | 23 | 166.500 | -3.20 | | 01347 | 华虹半导体 | 42.45 | -2.12 | 18 | 68.250 | 3.02 | | 09880 ...

★ 宏观动态 ★ 中国炼焦行业协会：从未发布或授权任何关于"强制限产""联合提价"的通知或倡议 9月26日，中国炼焦行业协会发布严正声明：中国炼焦行业协会从未发布或授权任何关于"强制限产""联合提 价"的通知或倡议。协会始终严格遵守国家法律法规，坚决维护公平竞争的市场环境。涉事机构及个人应立即 停止侵权行为，协会保留追究其法律责任的权利。 外汇局：8月我国国际收支货物和服务贸易进出口规模42818亿元，同比增长2% 8月，我国国际收支货物和服务贸易进出口规模42818亿元，同比增长2%。其中，货物贸易出口21395亿元，进 口15202亿元，顺差6193亿元；服务贸易出口2546亿元，进口3675亿元，逆差1129亿元。服务贸易主要项目 为：旅行服务进出口规模1887亿元，运输服务进出口规模1745亿元，其他商业服务进出口规模996亿元，电 信、计算机和信息服务进出口规模583亿元。按美元计值，8月，我国国际收支货物和服务贸易出口3357亿美 元，进口2647亿美元，顺差710亿美元。 教育部等六部门印发《县域普通高中振兴行动计划》 据央视新闻报道，我国有近60%的高中学生，是在县域中学读书，县中办得好不好， ...

Group 1 - Xpeng is increasing its exposure to the European market through partnerships with regional dealerships [2] - This move is part of a broader strategy to enhance competition with other players in the market [2]

Company News - Starbucks announced a $1 billion restructuring plan, which includes closing stores and laying off 900 employees, with $150 million allocated for employee severance compensation [1] - Boeing's stock rose over 3% in pre-market trading, as reports indicate that the company has sought to produce 42 units of the 737 MAX aircraft per month [1] - Xpeng Motors saw a nearly 5% increase in pre-market trading, following the Ministry of Commerce's announcement regarding the implementation of export license management for pure electric passenger vehicles [1] Market Dynamics - Major U.S. stock index futures are up, with the Dow futures rising by 0.15%, S&P 500 futures up by 0.09%, and Nasdaq futures increasing by 0.03% [1] - European major stock indices are also up, with the FTSE 100 rising by 0.5%, CAC 40 increasing by 0.7%, and DAX up by 0.6% [1] - Popular Chinese concept stocks are down in pre-market trading, with Bilibili falling nearly 4%, and Alibaba and JD.com both down nearly 2% [1]

Core Viewpoint - Xiaopeng Motors (XPEV) has officially entered five new markets in Europe, including Switzerland, Austria, Hungary, Slovenia, and Croatia, and plans to launch pop-up stores in three cities this fall to showcase its 2025 models [1] Group 1: Market Expansion - Xiaopeng Motors has announced its entry into the European markets of Switzerland, Austria, Hungary, Slovenia, and Croatia [1] - The company will launch pop-up stores in Budapest, Ljubljana, and Zagreb this fall to display the 2025 models of Xiaopeng G6 and G9 [1] Group 2: Technological Development - Xiaopeng Motors' subsidiary, Guangzhou Xiaopeng Motors Technology, has revealed a patent for a humanoid robot [1] - The patent describes a mechanical arm connected to a robot body via a movable support, enhancing the arm's flexibility and improving the humanoid appearance of the robot [1]

Group 1 - XPeng Motors officially enters the markets of Switzerland, Austria, Hungary, Slovenia, and Croatia, planning to launch the 2025 models of XPeng G6 and G9, with the P7+ set for mid-2026 [2] - Anew AITO M7 has begun nationwide deliveries, with a monthly production capacity of up to 30,000 units [2] - Seres has successfully registered the "AITO Used Cars" trademark, covering services related to vehicle repair, maintenance, and charging [2] - BYD has announced a patent for a thermal runaway prevention device that can reduce or even avoid explosion risks, enhancing battery pack safety [2]

Group 1 - Xiaomi has established its first electric vehicle R&D and Design Center in Munich, Germany, marking its entry into the global automotive market [2][3] - The center is part of Xiaomi's strategy to enter the European market by 2027, confirming its focus on this region [2][3] - The popularity of Xiaomi's SU7 and YU7 vehicles in China, with the YU7 SUV receiving over 289,000 orders within an hour of its launch, indicates strong domestic demand [3] Group 2 - Other Chinese EV manufacturers are also expanding in Europe, with Xpeng planning to enter five countries and BYD experiencing a 225% sales surge in the region [4]

每经AI快讯，9月26日，小鹏汽车美股盘前涨超5%。 ...

Overall Market - The overall market for passenger vehicles includes ICE (Internal Combustion Engine), BEV (Battery Electric Vehicle), and PHEV (Plug-in Hybrid Electric Vehicle) [4] - In the first eight months of 2025, the total production and sales of vehicles reached 2,481,169 units, with a year-on-year growth of 13.5% [5] - The market share of new energy vehicles (NEV) in the overall market reached 23.1% in production and 23.5% in wholesale [5] Submarket Analysis - The new energy vehicle market is segmented into BEV and PHEV, with significant growth observed in both categories [4] - The retail sales of new energy vehicles in August 2025 reached 1,114,901 units, showing an increase of 8.8% compared to the previous year [5] Export Market - The export of new energy vehicles in the first eight months of 2025 totaled 499,341 units, reflecting a growth of 20.2% year-on-year [5] - The overall export market for vehicles, including complete vehicles and CKD (Completely Knocked Down), showed a positive trend with a total of 2,481,169 units exported [5] Manufacturer Performance - BYD remains the top manufacturer in the new energy vehicle segment, with wholesale sales of 371,501 units, marking a growth of 10.2% [21] - Tesla China reported a decline in wholesale sales by 4.0%, totaling 83,192 units [21] Vehicle Type Segmentation - In August 2025, the retail sales of new energy vehicles were dominated by SUVs, with 543,141 units sold, followed by sedans and MPVs [26] - The overall retail market for new energy vehicles showed a significant increase in the SUV segment, indicating a shift in consumer preference [26] Brand Positioning - The luxury brand segment, including brands like Mercedes-Benz and BMW, continues to maintain a strong presence in the market, with competitive sales figures [4] - The market is segmented into price ranges, with vehicles priced below 100,000 yuan showing a notable increase in sales [4] Country Positioning - The export market for new energy vehicles is expanding, with countries increasingly adopting electric vehicles, contributing to the growth of the export segment [20] - The penetration rate of new energy vehicles in the export market reached 43.5% in 2025, indicating a growing acceptance of these vehicles globally [20] Price Positioning - The price segmentation of vehicles shows that the demand for mid-range vehicles (100,000 to 300,000 yuan) is increasing, reflecting changing consumer preferences [4] - The overall market dynamics indicate a shift towards more affordable electric vehicles, which is expected to drive future growth [4]