XPENG(US:XPEV) Mei Ri Jing Ji Xin Wen·2025-12-10 08:53Core Viewpoint - The first model based on Volkswagen's CEA (China Electrical Architecture) specifically developed for the Chinese market will officially start production on December 31 in Anhui, China [1]. Group 1: Model Development and Features - The model, named "Yuzhong 07," is led by a Chinese team and has achieved a complete development chain from electronic architecture to vehicle integration in just 18 months [3]. - The CEA architecture 1.0, developed in collaboration with XPeng, will be followed by a 2.0 version in 2027 that supports multiple power types, and a 3.0 version in 2029 focusing on SOC chip development [3][4]. Group 2: Strategic Transformation - Volkswagen is transitioning decision-making power from Germany to China, allowing local teams to have unprecedented autonomy in developing new energy vehicles and electronic architectures [8]. - The CEA architecture aims to quickly enhance capabilities in electronic architecture, with plans to launch at least four models using CEA 1.0 starting next year [4]. Group 3: Financial Performance and Market Strategy - In Q3, Volkswagen reported revenues of €80.305 billion, a 2.3% increase year-on-year, but also a net loss of €1.072 billion, marking the first quarterly loss in five years [9]. - The company aims to balance profitability in the fuel vehicle market while scaling up in the new energy vehicle sector, with expectations for financial recovery by 2027 [9][11]. Group 4: Future Plans and Market Position - From 2026, the first models equipped with the CEA architecture and advanced driving assistance features will be delivered, with over 20 electric smart models planned before 2027 [11]. - By 2030, the lineup of pure electric smart models is expected to expand to around 30, covering various market segments [11].