XPENG(US:XPEV) Bei Jing Shang Bao·2025-12-04 16:13Core Viewpoint - Xiaopeng Motors collaborates with Huawei to launch the Xiaopeng X9 Super Extended Range vehicle, utilizing Huawei's DriveONE integrated high-pressure oil-cooled generator technology to enhance competitiveness in the rapidly growing new energy vehicle market [1][2][4]. Group 1: Collaboration and Technology - The partnership between Xiaopeng Motors and Huawei marks a shift from traditional supplier relationships to a joint R&D model, aimed at improving range extension technology and market competitiveness [1][2]. - The Xiaopeng X9 features the DriveONE generator, which has a power density of 1.88 kW/kg and a peak power output of 85 kW, supporting a cruising range of 150 km without battery depletion [2][3]. - The new generator addresses existing pain points in the industry, such as limited refueling efficiency and insufficient electric range, which traditional systems could not meet [2][3]. Group 2: Market Dynamics - The hybrid and extended range vehicle market is expected to grow rapidly, with projections indicating that by 2025, these vehicles could account for nearly 50% of the new energy vehicle market [4][5]. - Sales of hybrid vehicles in China have increased tenfold from 2020 to 2023, with plug-in hybrid vehicle sales reaching 480,000 units in October 2023, a 13% month-over-month increase [4][5]. - The entry of various brands into the high-end MPV market reflects rising demand, with traditional automakers like Buick and Volkswagen also beginning to focus on hybrid strategies [5][6]. Group 3: Financial Performance and Future Plans - Xiaopeng Motors reported a revenue of 20.38 billion yuan in Q3 2023, a year-on-year increase of 101.8%, with a gross margin of 20.1% [7]. - The company aims to achieve breakeven in Q4 2023, with plans to launch three super extended range products in Q1 2024 to enhance market share [7][8]. - The success of extended range models has been demonstrated by other companies, such as Li Auto and Seres, which have achieved profitability through similar strategies [8].