Group 1: Strategic Partnership - Xiaopeng Motors has expanded its strategic cooperation with Volkswagen Group to jointly develop electronic and electrical architecture, which will be applied not only to Volkswagen's electric vehicle platforms in China but also to its fuel and plug-in hybrid models [1] - This deepening of cooperation is expected to enhance Xiaopeng's service revenue, contributing positively to the company's overall gross margin and profitability [1] Group 2: Sales Performance and New Models - Xiaopeng Motors is experiencing strong sales momentum with new models such as the G6 and G9, which have achieved sales leadership in their respective segments in China and have ranked first in several overseas markets [2] - The recent launch of the G7 saw over 10,000 units reserved within 9 minutes, and the new generation P7 was unveiled, with two significant new models set to boost sales in Q3 [2] - The company is expected to achieve a quarterly profit turnaround in Q4 and generate positive free cash flow for the entire year [2] Group 3: Future Outlook and Financial Projections - The ongoing leadership in smart driving technology, along with enhanced marketing and channel strategies, is expected to drive rapid sales growth for Xiaopeng Motors [2] - The company anticipates a revenue of 99.1 billion yuan by 2025, corresponding to a price-to-sales ratio of 1.4X, with significant improvements in financial performance expected from software revenue [2]
小鹏汽车-W(9868.HK)：小鹏汽车与大众EEA合作拓展至油车及插混车 有望持续增厚服务业务收入