科技行业：2025小鹏汽车春季发布会：全新G6、G9正式登场

Investment Rating - The report maintains a "Buy" rating for Xiaopeng Motors, anticipating strong sales performance in the short term and throughout the year [2]. Core Insights - Xiaopeng Motors has launched the 2025 models G6 and G9, which are expected to drive strong delivery growth this year. The company ranked first in export volume among new energy vehicle brands in China for 2024 [1][2]. - The G6 and G9 models are equipped with competitive pricing and advanced features, including standard Turing AI driving capabilities and high-performance 5C batteries, which can charge for 450 kilometers in just 10 minutes [2][4]. - Xiaopeng Motors plans to expand its market presence to 60 countries and regions by 2025, with significant sales achievements in Europe and the Middle East [1][2]. Summary by Sections Product Launch - The 2025 Xiaopeng G6 is designed as a versatile SUV with a competitive price range of RMB 176,800 to RMB 198,800, featuring a sleek design and advanced technology [4]. - The 2025 Xiaopeng G9 is positioned as a flagship AI SUV, priced between RMB 248,800 and RMB 278,800, offering luxury features and high comfort levels [4]. Market Performance - Xiaopeng Motors achieved over 5,000 pre-orders for the G6 within 7 minutes and over 3,000 for the G9 within 45 minutes of the launch [2]. - The company has regained its position as the top new energy vehicle brand in terms of delivery volume in early 2025 [1][2].