本文源自：金融界AI电报 小鹏汽车(09868.HK)午后涨幅持续扩大，现涨超7%。 ...

每经AI快讯，12月19日，小鹏汽车午后涨幅持续扩大，现涨超6%，股价报75.9港元。 ...

Group 1 - The US stock market saw a collective rise on December 18, with major technology stocks performing well, particularly the Trump Media Technology Group, which surged by 41.93% after announcing a merger agreement with TAE Technology [1][2] - Tesla's stock increased by over 3%, adding approximately $53.6 billion (around 377.4 billion RMB) to its market capitalization [2] - The merger between Trump Media Technology Group and TAE Technology will be executed through an all-stock transaction, with both companies' shareholders expected to own about 50% of the combined entity post-merger [2] Group 2 - The latest data from the US Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) for November rose by 2.7% year-on-year, which was lower than the market expectation of 3.1% [4] - The core CPI, excluding volatile food and energy prices, increased by 2.6%, marking the lowest level since early 2021 and also below the anticipated 3% [4] - Following the CPI report, there was a slight increase in the likelihood of the Federal Reserve lowering interest rates in January, with traders estimating a 28.8% chance of a 25 basis point cut, up from 26.6% prior to the inflation data release [4] Group 3 - Goldman Sachs' global co-head of fixed income and liquidity solutions, Kay Haigh, stated that the low inflation data would not impact the Federal Reserve's decision-making, as they are more focused on the December CPI data set to be released in mid-January [5]

Group 1 - The core viewpoint of the article highlights the trend of increasing battery capacities in range-extended electric vehicles (REEVs) in the Chinese market, with a clear stratification in battery capacities across different price segments by 2025 [1][11]. - The mainstream battery capacity for entry and mid-range REEVs is concentrated between 28-40 kWh, corresponding to a pure electric range of 200-300 km [3][10]. - High-end REEVs are expected to feature battery capacities of 60-80 kWh, with some models exceeding 80 kWh, aligning closely with or surpassing mainstream pure electric vehicles [2][8]. Group 2 - The Ideal L series models, including L7, L8, and L9, are set to have a main battery capacity of 52.3 kWh, making them a dominant configuration in the mid-to-high-end market [4]. - The Wanjie M series models, such as M7, M8, and M9, will have main battery capacities ranging from 42 to 53.4 kWh, with higher configurations reaching up to 53.4 kWh [4]. - The Xiaopeng X9 features a battery capacity of 63.3 kWh, while the Zhiji LS6 and the Zunji S800 have capacities of 66 kWh and 65 kWh respectively, both offering a pure electric range exceeding 450 km [5][6]. Group 3 - The industry is witnessing a trend towards "increased capacity big batteries," with high-end models' battery capacities now comparable to mainstream pure electric vehicles, such as the 80.3 kWh battery in the Leap D19 [8]. - The competition in the high-end market is focusing on "pure electric first," with range extenders serving as a backup solution, leading to a consensus on the need for large capacity and long range [9]. - By 2025, most new REEV products are expected to standardize battery capacities of 60 kWh and above, with high-end models likely to approach or exceed those of some pure electric vehicles [9][12].

相关事件 连续下跌的小鹏汽车终见反弹，盘前一度涨约6%，该股从11月12日以来持续走低，区间最大跌幅更是 超34%，现报74港元，总市值1417亿港元。 消息上，近日，据消息称小鹏汽车已在广州市获得L3级自 动驾驶道路测试牌照，并启动常态化的L3道路测试。该牌照主要用于在广州市智能网联汽车测试高快 速路上进行有条件自动驾驶的测试。 长江证券指出，小鹏汽车依托软硬件一体化优势，在智能驾驶领 域持续领先。随着自研图灵芯片上车、云端基座大模型推进，智驾进入第二代VLA阶段。公司预计 2026年一季度量产具备L4级能力的第二代VLA，并预期在2026年推出具备L4能力的Robotaxi车型。 小鹏汽车-W(9868.HK)：强势产品周期驱动业绩高增 战略升级聚焦物理AI 小鹏汽车-W(09868.HK)： 2026年看点梳理 从汽车走向AI科技！ ...

L3自动驾驶终于要来了！ 最近，国内汽车圈被一则重磅消息点燃了——工业和信息化部正式公布我国首批L3级有条件自动驾驶车型准入许可。 相信不少人刷新闻也看到了，北汽、长安一南一北俩车企率先拿到"入场券"，它们旗下特定的两款车型将在北京、重庆等指定城市区域开展上路试点。 紧接着这两天，问界、小鹏、理想、比亚迪等热门品牌纷纷跟进，自家L3测试车开上马路。 一时间，L3仿佛从遥不可及的技术概念，变成了触手可及的"明日科技"，不再是车企在封闭区域里瞎折腾，而是有望大规模上路了！ 不过兴奋归兴奋，估计不少人心里也在打鼓：L3到底是啥？开车真能全程脱手不碰方向盘？普通人能开上不？出了事算谁的？那么今天咱就好好捋一 捋，把L3自动驾驶的底细给扒清楚。 政策开闸，北汽长安先上路 而今年12月，就是L3自动驾驶的关键转折点，算是真正迈开了步子。先是传统车企成为第一批吃螃蟹的人，12月15日，长安深蓝与北汽极狐两款L3级有 条件自动驾驶车型上路试点获得批准。 官方公告显示，这两款测试车型对应为极狐阿尔法S（L3版）、长安深蓝SL03。 这次L3的真正到来，算是政策和技术一块儿发力的结果。2023年底的时候，《关于开展智能网联汽车准 ...

Core Viewpoint - Xiaopeng Motors has received an L3 autonomous driving road test license in Guangzhou, marking a significant step in its autonomous driving capabilities and strategy towards becoming a global AI automotive company [1] Group 1: Autonomous Driving Developments - Xiaopeng Motors' stock opened nearly 3% higher and is currently up 2.53%, trading at 73 HKD with a transaction volume of 4.2048 million HKD [1] - The L3 license allows for conditional autonomous driving tests on high-speed roads in Guangzhou, indicating progress in the company's autonomous driving technology [1] - The company is advancing to the second generation of its VLA (Vehicle Level Architecture) with plans to mass-produce L4 capable vehicles by Q1 2026 [1] Group 2: Strategic Shift and Future Plans - Xiaopeng Motors has fully transitioned to an AI strategy, aiming to become an AI automotive technology enterprise over the next decade [1] - The company is developing a "trinity" ecosystem that includes AI cars, AI robots, and flying cars, with a cumulative order of 7,000 flying cars and a manufacturing base capable of producing 10,000 units annually [1]

每经AI快讯，12月19日，港股汽车股盘初普遍上扬，小鹏汽车涨2.53%，零跑汽车、北京汽车涨超1%。 ...

Core Viewpoint - Xiaopeng Motors has received an L3 autonomous driving road test license in Guangzhou, marking a significant step in its autonomous driving capabilities and strategy towards becoming a global AI automotive company [1] Group 1: Autonomous Driving Development - Xiaopeng Motors' stock opened nearly 3% higher and is currently up 2.53%, trading at 73 HKD with a transaction volume of 4.2048 million HKD [1] - The L3 license allows for conditional autonomous driving tests on high-speed roads in Guangzhou, indicating progress in the company's autonomous driving technology [1] - The company is advancing to the second generation of its VLA (Vehicle Level Automation) with plans to mass-produce L4 capable vehicles by Q1 2026 [1] Group 2: Strategic Shift and Future Plans - Xiaopeng Motors has fully shifted to an AI strategy, aiming to transform into an AI automotive technology enterprise over the next decade [1] - The company is developing a "three-in-one" embodied intelligence ecosystem that includes AI cars, AI robots, and flying cars [1] - The cumulative order volume for the flying car, referred to as the "land aircraft carrier," has reached 7,000 units, with a manufacturing base capable of an annual production capacity of 10,000 units [1]

Market Performance - The Hang Seng Index opened up 0.53% at 25,634.22 points, with the Hang Seng Tech Index rising 0.81% to 5,461.92 points, and the National Enterprises Index increasing by 0.58% to 8,893.1 points [1] - Major tech stocks saw gains, with Alibaba up 0.62%, Tencent up 0.83%, JD.com up 0.71%, Xiaomi up 0.6%, NetEase up 1.42%, Meituan up 0.79%, Kuaishou up 1.3%, and Bilibili up 1.2% [1] - New energy vehicle stocks were active, with Xpeng Motors and Li Auto showing strong performance [1] U.S. Market Overview - On the previous trading day, U.S. indices rose collectively, with the Dow Jones up 0.14% at 47,951.85 points, the S&P 500 up 0.78% at 6,774.76 points, and the Nasdaq up 1.38% at 23,006.36 points [2] - The U.S. November CPI increased by 2.7% year-on-year, significantly below the market expectation of 3.1%, while the core CPI rose by 2.6%, also lower than the expected 3% [2] - Major tech stocks in the U.S. saw collective gains, with Nvidia up 1.79%, Apple up 0.13%, Microsoft up 1.65%, Google up 1.93%, Amazon up 2.48%, Meta up 2.30%, and Tesla up 3.45% [2] Company News - Emperor Capital (00717.HK) reported total revenue of approximately HKD 730 million for the year ending September 30, 2025, representing a year-on-year increase of 37.3%, and a net profit of approximately HKD 147 million, up 121.4% year-on-year [3] - New Special Energy (01799.HK) plans to sell a 79.92% stake in Xinjiang Wind Power New Energy Partnership to facilitate a REITs issuance, with a transaction value of approximately HKD 1.337 billion [3] - Bay Area Development (00737.HK) signed a construction contract for the Shenzhen section with a contract value of RMB 1.448 billion [3]