本报讯(记者袁传玺)天眼查工商信息显示，近日，长春小鹏汽车销售服务有限公司成立，注册资本500 万元，经营范围含汽车销售、新能源汽车整车销售、新能源汽车电附件销售、充电桩销售、信息咨询服 务、信息技术咨询服务、二手车经纪等。股东信息显示，该公司由小鹏汽车销售有限公司全资持股。 ...

Group 1 - The core focus of the article is that Xpeng, a Chinese electric vehicle manufacturer, aims to achieve sales of 550,000 to 600,000 vehicles in the current year [1] Group 2 - The information was reported by the Chinese tech portal 36Kr, which cited a recent internal strategy meeting as the source of this sales target [1]

1月14日，大华继显发表报告指，小鹏汽车为2026年设定了55万至60万辆的交付目标(同比增长28- 40%)，此目标基于强劲的产品阵容及出口量翻倍，高于该行的预估。由于先进驾驶辅助系统、自动驾 驶出租车及人形机器人等新项目投入，2026年研发支出可能增加至超过100亿元。该行维持小鹏2025年 净亏损预测为14.81亿元，这意味着第四季净利润预测为4200万元，而市场共识预测为1亿元。基于更高 的研发支出，该行下调小鹏2026及2027年净利润预测39%及6%；维持"买入"评级，目标价从145港元下 调至125港元。（新浪财经） 作者丨彭鑫 编辑丨安安 ...

Core Insights - Xiaopeng Motors is rapidly advancing its transformation into a "physical AI company," with plans to launch humanoid robots, flying cars, and Robotaxi operations this year [1] - The company set an ambitious sales target of 550,000 to 600,000 vehicles for 2026, representing a year-on-year increase of approximately 28% from 429,445 units sold in 2025 [5][21] - To achieve this target, Xiaopeng aims to sell an average of at least 45,834 vehicles per month, which is a significant increase from the 35,787 monthly average in 2025 [6] Sales Strategy - Xiaopeng's sales strategy involves launching four new SUVs (G01, G02, and two new MONA models D02 and D03) to support its ambitious sales goals [6][21] - The G01 and G02 are expected to target the high-end market, while the D02 and D03 will focus on the mainstream SUV segment [18][20] - The G01 is anticipated to feature a super-range version, aiming to alleviate range anxiety for high-end family users with a potential electric range exceeding 430 km and a total range surpassing 1,500 km [14] Market Positioning - The high-end SUV market is becoming increasingly competitive, with established players like BYD and Geely already having a strong foothold [12][20] - Xiaopeng's strategy includes leveraging its existing models, such as the MONA M03, to build a solid foundation for the new SUVs [20] - The company aims to differentiate itself through a "high intelligence and cost-effectiveness" approach, particularly in the 150,000 RMB market segment [20] Technological Advancements - Xiaopeng is focusing on integrating advanced AI technologies into its vehicles, including self-developed AI chips and systems that enhance driving assistance and user experience [24][28] - The company is aware of the need to maintain a competitive edge in technology, especially as competitors are also enhancing their offerings in the same price range [29][30] Challenges and Considerations - Despite a successful year in 2025, Xiaopeng faces challenges in sustaining high sales volumes for new models, as market competition intensifies [32][35] - The company must balance its product offerings to ensure that it meets consumer expectations for high-quality, feature-rich vehicles while managing costs effectively [28][29] - Building brand perception and customer loyalty in the high-end market is crucial, as consumers increasingly seek not just product quality but also brand identity and service [36][37]

Group 1 - Xiaopeng Motors has set a sales target of 550,000 to 600,000 units for 2026, representing a growth of approximately 28.1% to 39.7% compared to 429,400 units in 2025, requiring an average monthly delivery of over 45,800 to 50,000 units [2] - The company plans to launch seven new models with super-range configurations in 2026, including three super-range products and four new dual-energy models, with a focus on SUVs [2] - Xiaopeng's new models will emphasize upgrades in chips and AI software capabilities, with AI being highlighted as more valuable than traditional performance upgrades [3] Group 2 - The sales growth in 2025 was significantly supported by the low-priced pure electric model Mona M03, which contributed nearly a quarter of total sales, and Xiaopeng plans to enhance its product line in the mid-to-low-end market with new models [4] - The introduction of super-range versions allows Xiaopeng to lower vehicle prices, as the range extender system is cheaper than batteries, exemplified by the Xiaopeng X9 super-range version priced at 309,800 yuan, which is 50,000 yuan cheaper than the pure electric version [4] - Xiaopeng has locked in over one million units of self-developed chip capacity, transitioning existing models to the Turing chip, which offers higher computing power for intelligent driving applications [7] Group 3 - The competition in the automotive market is expected to intensify in 2026, with Xiaopeng and Leap Motor aiming for a combined sales target of 1.6 million units, indicating a need for market share to be taken from competitors like BYD and Geely [8] - Xiaopeng and Leap Motor must maintain competitive pricing while excelling in key performance indicators, with Xiaopeng focusing on the "smart driving" segment priced between 150,000 to 250,000 yuan [9] - Achieving high sales growth poses challenges in organizational and supply chain management, particularly as crossing the 500,000 sales threshold increases complexity and costs [10]

Core Viewpoint - Xiaopeng Motors is set to launch four new SUV models in 2023, aiming to shift its product sales structure and enhance its market presence in the competitive automotive industry [2][3]. Group 1: Product Strategy - Xiaopeng Motors plans to release over ten new products in 2026, including the recently announced G6, G9, G7, and P7+ models, with a focus on SUVs [2]. - The four new SUVs will include two models from the MONA series and a full-size SUV, with three of them expected to feature the Robotaxi autonomous driving system [2]. - The company aims to establish a strong product cycle with the introduction of new models, which is anticipated to drive sales growth [3]. Group 2: Sales Targets - Xiaopeng Motors has set an ambitious sales target of 550,000 to 600,000 vehicles for 2026, representing a growth of approximately 28% to 40% compared to 2025 [4]. - In 2025, the company delivered around 429,400 vehicles, marking a year-on-year increase of 126%, with the MONA M03 and P7+ accounting for over 65% of total sales [2][4]. Group 3: Market Conditions - The overall automotive market in China is projected to grow modestly, with total vehicle sales expected to reach approximately 35.5 million units in 2026, a 2% increase year-on-year [4]. - Changes in government policies regarding vehicle trade-in subsidies and tax adjustments for electric vehicles may significantly impact consumer behavior and present both challenges and opportunities for Xiaopeng Motors [4]. Group 4: Global Expansion - Xiaopeng Motors plans to expand into more overseas markets in 2026, focusing on local R&D and manufacturing to cater to both left-hand and right-hand drive markets [5]. - The company anticipates that growth in international markets will outpace domestic growth, aiming for a sales ratio of 1:1 or higher between overseas and Chinese markets in the coming years [5].

【文/观察者网 潘昱辰 编辑/高莘】据《华尔街日报》1月13日报道，随着中欧电动汽车案磋商取得进 展、欧盟将向出口纯电动汽车的中国出口商提供关于价格承诺的通用指导，分析师认为，这一进展将对 中国汽车制造商的与市场产生积极影响。 花旗银行分析师在一份报告中写道，中欧磋商的进展可能对在欧洲有大量敞口的中国汽车制造商产生轻 微的积极影响，同时也将有助于宝马、大众和沃尔沃等欧洲车企向欧洲进口更多中国制造的汽车。不 过，这也将加剧欧洲市场的竞争，并进一步降低欧洲的生产能力。花旗同时认为，这笔交易无法以任何 方式帮助在中国的欧洲汽车制造商，因为其在中国的市场份额下降仍然是不可避免的。 星展银行分析师同样在一份报告中表示，与欧盟有业务往来的中国汽车制造商，可能会从中欧磋商的进 展中受益最多。星展表示，双方旨在解决补贴问题，而不仅仅依赖关税，通过降低关税风险，中国车企 可以提高出口竞争力，提高利润率，支持国际增长战略。包括上汽、比亚迪、小鹏、零跑和吉利在内的 公司可能会受益最多，因为它们在欧盟的敞口更大。相比之下，理想和蔚来这样专注于国内市场的企业 的影响可能较小。 分析师表示，星展首先看好的是吉利和小鹏，因为它们的销量增长 ...

来源：易车 由于信息属于保密范畴，知情人士要求匿名。他们还表示，小鹏汽车已秘密提交上市申请，最早可能在今年内完 成。 #汽车情报局#【小鹏汇天以保密形式提交港股IPO申请 最早今年登陆港交所】有媒体援引知情人士透露，小鹏汽 车已聘请银行协助其飞行汽车部门在香港进行首次公开募股（IPO）。知情人士透露，中国电动汽车制造商小鹏 汽车已选择摩根大通和摩根士丹利为其上市做准备。 ...

大华继显发表报告指，小鹏汽车为2026年设定了55万至60万辆的交付目标(同比增长28-40%)，此目标基 于强劲的产品阵容及出口量翻倍，高于该行的预估。由于先进驾驶辅助系统、自动驾驶出租车及人形机 器人等新项目投入，2026年研发支出可能增加至超过100亿元。该行维持小鹏2025年净亏损预测为14.81 亿元，这意味着第四季净利润预测为4200万元，而市场共识预测为1亿元。基于更高的研发支出，该行 下调小鹏2026及2027年净利润预测39%及6%；维持"买入"评级，目标价从145港元下调至125港元。 ...

Core Insights - The Chinese passenger car market is projected to retail 23.78 million units in 2025, reflecting a 4% year-on-year growth, supported by policies like "trade-in" [20][21] - Major domestic automakers such as BYD, Geely, Changan, and Leap Motor have achieved significant breakthroughs, while several joint ventures are showing signs of recovery in China [20][21] Domestic Automakers Performance - BYD set a new annual sales record with 4.60 million units sold in 2025, a 7.73% increase, with pure electric vehicle sales reaching 2.25 million units, up 27.85% [21][22] - SAIC Group sold 4.51 million vehicles in 2025, marking a 12.3% increase, with its new energy vehicle sales growing by 33.1% to 1.64 million units [3][21] - China FAW achieved total vehicle sales of 3.30 million units, a 3.2% increase, with its new energy vehicle sales soaring by 71% to 366,000 units [3][22] - Geely exceeded its sales target with 3.02 million units sold, a 39% increase, and its new energy vehicle sales reached 1.69 million units, up 90% [4][22] - Changan's sales reached 2.91 million units, an 8.5% increase, with new energy vehicle sales growing by 51% to 1.11 million units [4][23] - Chery Group achieved a record high of 2.81 million units sold, with new energy vehicle sales increasing by 54.9% to 903,800 units [5][23] Joint Ventures Performance - Joint ventures are under pressure but some have found ways to adapt, with FAW-Volkswagen selling 1.59 million vehicles, maintaining its position as the top joint venture [26][27] - SAIC Volkswagen achieved sales of 1.06 million units, successfully surpassing the million mark [27] - Toyota's joint ventures in China reported positive growth, with FAW Toyota selling 805,500 units, marking three consecutive years of growth [27][28] New Energy Vehicle Market - The new energy vehicle segment is a common highlight across major automakers, with significant growth reported [21][22] - Leap Motor achieved a remarkable 103% year-on-year growth, delivering 596,600 units in 2025 [29] - Xpeng Motors delivered 429,400 units, a 126% increase, while NIO delivered 326,000 units, up 46.9% [30][31] Export Growth - China's automobile exports are expected to exceed 7 million units in 2025, marking a historic high [16][34] - Chery led the export of Chinese passenger cars with 1.34 million units, a 17.4% increase [34][35] - BYD's overseas sales surpassed 1 million units for the first time, reaching 1.05 million units, a 145% increase [35][36] Globalization Strategies - SAIC Group updated its overseas strategy, achieving 1.07 million units in overseas sales, a 3.1% increase [35][36] - Changan's overseas sales reached 637,000 units, an 18.9% increase, while Geely's overseas sales totaled 420,000 units [36][37] - New energy vehicle startups are also targeting international markets, with Leap Motor and Xpeng making significant strides in overseas deliveries [36][37]