Summary of Key Points Core Viewpoint The domestic major new energy vehicle (NEV) companies have reported their sales figures for December 2025 and the entire year, showcasing significant growth in the sector despite some companies experiencing a decline in monthly sales. Group 1: BYD - In December 2025, BYD sold 420,398 NEVs, a year-on-year decline of approximately 18.2% [1] - The total sales for the year reached 4,602,436 units, representing a year-on-year growth of 7.73% [1] - Pure electric vehicle sales in December were 190,712 units, with annual sales of 2,256,714 units, marking a substantial increase of 27.86% [1] - BYD exported a total of 133,000 NEVs in December [1] Group 2: Geely - Geely's total vehicle sales for 2025 exceeded 3.02 million units, surpassing its annual sales target [2] - The company achieved a record high in NEV sales, totaling 1.69 million units [2] - Geely aims to reach a sales target of 3.45 million units in 2026, with NEV sales projected at 2.22 million units [2] Group 3: Hongmeng Zhixing - Hongmeng Zhixing delivered 89,611 vehicles in December, setting a new historical high [3] - The total deliveries for 2025 reached 589,107 units, reflecting a year-on-year growth of 32% [3] Group 4: Leap Motor - Leap Motor's total deliveries in December reached 60,423 units, a year-on-year increase of 42% [4] - The cumulative deliveries for 2025 amounted to 596,555 units, representing a remarkable growth of 103% [4] Group 5: Xiaomi Auto - Xiaomi Auto reported over 50,000 deliveries in December 2025 [5] - The Xiaomi YU7 model has delivered over 150,000 units in six months, which is 2.3 times the delivery of the SU7 in the same period [6] Group 6: NIO - NIO delivered 48,135 vehicles in December, achieving a historical high with a year-on-year growth of 54.6% [7] - The total deliveries for 2025 reached 326,028 units, marking a year-on-year increase of 46.9% [7] - NIO's brand deliveries included 31,897 units, with the Leida brand delivering 91,54 units and the Firefly brand delivering 7,084 units [7] Group 7: Li Auto - Li Auto delivered 44,246 vehicles in December 2025 [8] - The total deliveries for the fourth quarter reached 109,194 units, with a cumulative historical delivery of 1,540,215 units by the end of December 2025 [8] Group 8: Aion - Aion's sales in December reached 40,066 units, setting a new record [9] Group 9: XPeng Motors - XPeng Motors delivered 37,508 vehicles in December, reflecting a year-on-year growth of 2% [11] - The total annual deliveries for 2025 reached 429,445 units, a significant increase of 126% compared to the previous year [11] - The XPeng X9 model achieved a record monthly delivery of 5,424 units in December, with a month-on-month increase of 68% and a year-on-year increase of 289% [11] Group 10: Zeekr - Zeekr reported 30,267 deliveries in December, achieving a historical high with a year-on-year growth of 11.3% [12] - The total annual sales exceeded 224,000 units [12] Group 11: Lantu - Lantu's total deliveries for 2025 surpassed 150,169 units, achieving a year-on-year growth of 87% [13] Group 12: IM Motors - IM Motors reported total sales of 81,017 units for 2025, setting a new annual sales record [14]

Core Viewpoint - Xiaopeng Motors (09868) announced a total delivery of 37,500 smart electric vehicles in December 2025, representing a year-on-year growth of 2% [1] - The total annual delivery for 2025 reached 429,400 units, a significant increase of 126% compared to the previous year [1] Group 1: Delivery Performance - In 2025, Xiaopeng Motors delivered 45,000 smart electric vehicles in overseas markets, marking a year-on-year growth of 96% [1] - By the end of 2025, the company expanded its global presence to 60 countries and regions [1] Group 2: Environmental Impact - The vehicles delivered in 2025 are expected to reduce lifecycle greenhouse gas emissions by over 6.61 million tons, equivalent to the carbon absorption of 110 million trees over ten years [1] Group 3: Infrastructure Development - In 2025, Xiaopeng Motors accelerated the expansion of its self-operated charging network, adding over 1,100 charging stations, bringing the total number of charging stations to 3,000 [1] - This expansion marks a significant milestone in the company's infrastructure development [1]

Core Viewpoint - Xpeng Motors (09868) announced a total delivery of 37,500 smart electric vehicles in December 2025, representing a year-on-year growth of 2% [1] - The total annual delivery for 2025 reached 429,400 units, a significant increase of 126% compared to the previous year [1] Delivery Performance - In 2025, Xpeng Motors delivered 45,000 smart electric vehicles in overseas markets, marking a year-on-year growth of 96% [1] - By the end of 2025, the company expanded its global presence to 60 countries and regions [1] Environmental Impact - The vehicles delivered in 2025 are expected to reduce lifecycle greenhouse gas emissions by over 6.61 million tons, equivalent to the carbon absorption of 110 million trees over ten years [1] Infrastructure Development - In 2025, Xpeng Motors accelerated the expansion of its self-operated charging network, adding over 1,100 charging stations, bringing the total number of charging stations to 3,000 [1] - This expansion marks a significant milestone in the company's infrastructure development [1]

Core Viewpoint - The new energy vehicle market in 2025 did not experience a significant year-end surge, but several companies achieved substantial annual growth in deliveries, with Leap Motor and Xpeng Motors doubling their delivery volumes, while NIO saw a 46.88% year-on-year increase. Li Auto, however, struggled to regain its peak performance due to unmet expectations in its pure electric strategy [1]. Group 1: Company Performance - Leap Motor delivered 60,423 vehicles in December 2025, marking a year-on-year increase of 42.11%, and achieved a total of 596,555 deliveries for the year, a 103.1% increase, setting a new record for new energy vehicle sales [2][3]. - NIO's December deliveries reached 48,135 vehicles, a historical monthly high with a year-on-year growth of 54.59%. The total deliveries for 2025 amounted to 326,028 vehicles, reflecting a 46.88% increase [5]. - Li Auto delivered 44,246 vehicles in December, with a total of 406,343 for the year, representing an 18.81% decline. However, it became the first new energy brand to surpass 1.54 million cumulative deliveries [7]. - Xpeng Motors achieved 429,445 deliveries in 2025, a significant year-on-year increase of 125.94%, although December deliveries were 37,508, falling short of its quarterly guidance [9]. Group 2: Market Trends and Future Outlook - The absence of a year-end surge in the 2025 car market was confirmed by industry analysts, with government policies expected to stabilize the market in 2026 [11]. - Leap Motor aims to reach a delivery target of one million vehicles in 2026, with new models from the A and D series set to launch [3]. - NIO's ES8 model has become a key contributor to sales, with a significant number of orders expected to mitigate performance dips in early 2026 [5]. - Li Auto is focusing on expanding its overseas market presence to alleviate domestic competition pressures [7]. - Xpeng Motors plans to introduce seven new models with advanced configurations in 2026, aiming to significantly expand its market reach [9].

Core Insights - In 2025, several new energy vehicle companies reported significant growth in their delivery numbers, with many achieving record monthly deliveries in December [1][9]. Group 1: Company Performance - Leap Motor delivered approximately 59.66 million vehicles in 2025, marking a year-on-year increase of 103%. In December alone, the company delivered about 6.04 million vehicles, a 42% increase year-on-year [1][2]. - Xiaomi Auto surpassed 50,000 vehicles in December 2025 for the first time, with total deliveries exceeding 350,000 for the year, achieving a significant milestone [2]. - NIO reported a December delivery of over 48,000 vehicles, a 54.6% increase year-on-year, contributing to a total of approximately 326,000 vehicles delivered in 2025, a 46.9% increase [3][5]. - Li Auto delivered about 44,000 vehicles in 2025, with December deliveries reaching approximately 44,300 vehicles [5]. - Xpeng Motors achieved a total of approximately 429,400 vehicles delivered in 2025, reflecting a 126% year-on-year growth [5]. Group 2: Market Trends - The overall passenger vehicle market in China saw a decline in December 2025, with retail sales dropping by 17% year-on-year to approximately 1.928 million vehicles [9]. - Despite the decline in the overall market, the new energy vehicle sector showed resilience, with many brands reporting record monthly deliveries [9]. - The absence of the typical year-end "tail effect" in the market is expected to lead to a positive start for 2026, with forecasts indicating growth in the first quarter [9].

1月1日丨小鹏汽车：2025年12月交付37,508辆汽车，同比增长2%。2025年交付429,445辆汽车，同比增 长126%。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失 承擔任何責任。 2025年，小鵬汽車加速擴張其自營充電網絡。新增超過1,100座充電站后，充電網絡的 充電站數量達到了3,000座，此舉標誌著公司在基礎設施建設方面的一個重要里程碑。 本公司股東及潛在投資者於買賣本公司證券時，務請謹慎行事。 承董事會命 XPeng Inc. 董事長 何小鵬 香港，2026年1月1日（星期四） 自願公告 2025 年 12 月及第四季度智能車交付數據 XPeng Inc. （「本公司」或「小鵬汽車」）之董事會欣然宣佈其2025年12月及第四季度 車輛交付數據。 2025年12月，小鵬汽車共交付智能電動汽車37,508輛，同比增長2%。2025年全年總交 付量達到429,445輛，較前一年增長126%。 2025年全年，小鵬汽車在海外市場共交付智能電動汽車45,008輛，同比增長96%，並在 年底將其全球布局擴張至60個國家和地區。 值得注意的是，小鵬汽車在2025年交付的所有汽車預計能減少超過 ...

XPeng Inc. 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9868） 董事名單與其角色及職能 XPeng Inc（. 「本公司」）董事會（「董事會」）成員載列如下。 執行董事： 何小鵬 （董事長兼首席執行官） 非執行董事： 符績勳 獨立非執行董事： M 相關董事委員會的成員 香港 2026年1月1日 * 僅供識别 2 楊東皓 瞿 芳 張宏江 陳玉東 1 董事會下設四個董事委員會。下表提供本公司各董事於該等委員會中所擔任職務的資料。 | | 董事委員會 | 審核 | 薪酬 | 提名 | 企業管治 | | --- | --- | --- | --- | --- | --- | | 董事 | | 委員會 | 委員會 | 委員會 | 委員會 | | 何小鵬 | | | M | M | | | 符績勳 | | M | | | | | 楊東皓 | | C | | | C | | 瞿芳 | | | C | M | M | | 張宏江 | | M | M | C | M | | 陳玉東 | | | | | | 附註： C 相關董事委員會的主席 ...

Group 1: NIO Performance - In December 2025, NIO delivered 48,135 vehicles, marking a historical high with a year-on-year increase of 54.6% [1] - For the entire year of 2025, NIO delivered a total of 326,028 vehicles, also a historical high, with a year-on-year growth of 46.9% [1] Group 2: XPeng Performance - XPeng reported cumulative deliveries of 429,445 vehicles for the year 2025, achieving a year-on-year growth of 126% [3] - In December 2025, XPeng delivered 37,508 vehicles, showing both month-on-month and year-on-year growth [3] Group 3: Li Auto Performance - Li Auto delivered 44,246 vehicles in December 2025, bringing the cumulative total to 1,540,215 vehicles by the end of the year [4] Group 4: Xiaomi Auto Performance - Xiaomi Auto exceeded 50,000 vehicle deliveries in December 2025 [5] - Xiaomi's CEO announced a promotional financing plan for the YU7 model, which has already surpassed 150,000 deliveries in six months, 2.3 times the deliveries of the SU7 during the same period [7] Group 5: Leap Motor Performance - Leap Motor delivered 60,423 vehicles in December 2025, reflecting a year-on-year increase of 42% [7] - The total deliveries for Leap Motor in 2025 reached 596,555 vehicles, with a year-on-year growth of 103% [7] Group 6: Hongmeng Zhixing Performance - Hongmeng Zhixing reported total deliveries of 589,107 vehicles for the year 2025, with a year-on-year growth of 32% [8] - In December 2025, the company delivered 89,611 vehicles, achieving a historical monthly delivery high for three consecutive months [8] Group 7: Zeekr Performance - Zeekr announced December 2025 deliveries of 30,267 vehicles, with a year-on-year increase of 11.3% and a month-on-month increase of 4.9% [11] - The cumulative sales for Zeekr exceeded 224,000 vehicles [11]

Group 1 - In 2025, Xpeng Motors achieved a total delivery of 429,445 vehicles, marking a year-on-year increase of 126% [2] - In December 2025, Xpeng delivered 37,508 vehicles, achieving both month-on-month and year-on-year growth [2] - The Xpeng X9, the company's flagship model, delivered 5,424 units in December, setting a record for the highest monthly deliveries, with a month-on-month increase of 68% and a year-on-year increase of 289% [2] Group 2 - Xpeng's overseas market deliveries reached 45,008 units in 2025, reflecting a year-on-year growth of 96% [2] - By the end of December 2025, Xpeng had established a presence in 60 countries and regions globally [2] - Xpeng initiated a localization production project in Malaysia in December 2025, marking its third localization project worldwide [2] Group 3 - In 2025, Xpeng's self-operated charging network saw significant growth, adding over 1,100 new stations, surpassing 3,000 stations by January 1, 2026 [3] - A joint paper by Xpeng and Peking University's National Key Laboratory of Multimedia Information Processing was accepted at AAAI 2026, focusing on an efficient visual token pruning framework for end-to-end autonomous driving [3] - The second-generation VLA model from Xpeng is set to be launched in the first quarter of 2026, initially available in Ultra models, with the 2026 P7+ and G7 also featuring the new technology [3]