Group 1 - Dongfeng Motor reported a total vehicle sales of 526,700 units in the first four months of 2025, a year-on-year decline of 20.8% [1] - The production volume for the same period was 524,200 units, down 22.6% year-on-year, indicating ongoing pressure in traditional business segments [1] - Passenger vehicle sales dropped significantly by 23.9% to 402,900 units, with basic passenger cars (sedans) declining by 30.5% and SUVs by 19.1% [1] Group 2 - The joint venture segment, historically a profit core for Dongfeng, saw a notable decline, with Dongfeng Honda sales down 42.3% to 97,800 units and Dongfeng Nissan down 29.8% to 156,600 units [2] - The profitability of the joint venture business is under pressure due to decreased attractiveness and extended product update cycles, impacting overall financial performance [2] - In contrast, the new energy vehicle (NEV) segment showed growth, with total NEV sales reaching 120,400 units, a year-on-year increase of 27.7% [2] Group 3 - The sales of Li Auto reached 36,053 units in the first four months of 2025, marking a 77% increase, while Dongfeng's other brands saw a 14.6% increase in sales [3] - Despite growth, Li Auto's sales volume remains insufficient compared to leading new energy brands, indicating a lack of clear brand recognition and scale advantage [3] - The NEV market is becoming increasingly competitive, with challenges such as subsidy reductions and price wars, making it crucial for Dongfeng to validate its strategy in this segment [3] Group 4 - Currently, the NEV segment contributes incrementally to Dongfeng's overall performance and has not yet become a primary business line [4] - The decline in joint venture profits poses a financial gap that the NEV segment is unlikely to fill in the short term [4]

马斯克，诸事不顺。 在中国市场，特斯拉也正面临销量下滑的压力。据乘联分会发布的数据，特斯拉中国今年一季度批发销量 同比下滑21.8%，与此同时公司当季零售销量与去年同期基本持平，增长势头远逊于其在中国的最大竞争 对手比亚迪，后者实现的增长率达到18.8%。 据界面新闻，多位特斯拉销售人员透露，由于无法按时完成考核指标，已经放弃周中双休，改为一周七天 在岗，"每日早上九点工作至晚上十点，平均单日时长接近13个小时"。 据上述特斯拉销售介绍，北京地区门店考核标准为每日成交至少一辆车，一个月内大致需要销售30辆左 右。但实际上，店内不少销售一周内卖出3至4辆已经很困难，需要持续跟进客户动态并竭力说服，才有望 尽可能向完成指标靠近。 今年年初，时隔5年焕新的Model Y在一定程度上提振了声量，但仍然没有做到让特斯拉重回初入中国时 占据新能源汽车行业绝对主导地位的状态。 首先是，特斯拉的销量持续下滑。 根据Statista发布的最新数据，今年一季度，特斯拉在欧洲的销售全线 暴跌，德国、丹麦、瑞典跌幅均超过50%。在中国市场，据乘联分会发布的数据，特斯拉中国今年一季度 批发销量同比下滑21.8%。 其次是，特斯拉的低价 ...

零跑、小鹏领涨 数据显示，今年3月，零跑汽车单月交付量37095辆，同比增长超154%。零跑汽车方面表示，强劲的增 速凸显了公司在新能源汽车市场持续提升的竞争力和信任度。据悉，零跑B系列新车B10已"定档"4月10 日上市。 同样保持增长势头的还有小鹏汽车。数据显示，3月，小鹏汽车交付33205辆智能电动汽车，同比增长 268%，连续五个月交付量超过3万辆。2025年第一季度累计交付94008辆智能电动汽车，同比增长 331%。 在不久前小鹏汽车召开的春季发布会上，2025款小鹏G6和G9正式上市，这两款车均标配5C超充AI电池 和图灵AI智驾功能。 "蔚小理"中的另外两家车企，也交出了不错的成绩单。理想汽车公布的数据显示，3月份，理想汽车交 付新车36674辆，同比增长26.5%。2025年第一季度共计交付92864辆，同比增长15.5%。 3月份，蔚来公司交付新车15039辆，同比增长26.7%。其中，蔚来品牌交付新车10219辆；乐道品牌交 付新车4820辆。2025年一季度，蔚来公司共交付新车42094辆，同比增长40.1%。其中，蔚来品牌交付 新车27313辆，乐道品牌交付新车14781辆。据悉，4 ...