Core Viewpoint - The new Xiaopeng P7 was officially launched in Beijing, featuring three models with significant advancements in technology and performance, and has already seen strong pre-order interest from consumers [1][2]. Group 1: Product Launch and Features - Xiaopeng Motors held the debut event for the new Xiaopeng P7 on August 6, 2023, with three models released: 702km long-range version, 820km ultra-long-range version, and 750km high-performance version [1]. - The pre-order for the new Xiaopeng P7 began with over 10,000 units reserved within just 6 minutes and 37 seconds [1]. - The new Xiaopeng P7 is equipped with three self-developed Turing AI chips, achieving a total computing power of 2250 TOPS, making it the highest globally [1]. Group 2: Technological Advancements - The new Xiaopeng P7 features a "technology island" dashboard with an immersive AI interaction space, including an 87-inch panoramic head-up display and a three-axis dynamic screen that can respond to voice and gesture commands [1]. - The vehicle can accelerate from 0 to 100 km/h in 3.7 seconds and has a top speed of 230 km/h, built on an 800V high-voltage SiC platform [2]. - The charging efficiency has significantly improved, allowing for 525 km of range to be added in just 10 minutes, and charging from 10% to 80% takes only 11.3 minutes [2].

Group 1: Xpeng Motors - Xpeng G7 officially launched and began pre-sales, featuring the first Turing AI chip, enhancing computing power to L3 level [1] - The G7 offers a range of 702 km and is positioned in the 250,000 RMB electric SUV market, competing with Tesla Model Y and others [1] - The report maintains a "Buy" rating with a target price of 134.69 HKD, anticipating growth in sales, ASP, and gross margin following new model releases [1] Group 2: Battery Industry - China's total battery production and sales reached 123.5 GWh and 123.6 GWh respectively, with year-on-year growth of 47.9% and 58.1% [2] - The installed capacity of power batteries was 57.1 GWh, showing a year-on-year increase of 43.1% and a month-on-month increase of 5.5%, with lithium iron phosphate batteries accounting for 82% of the total [2] - The report indicates a slowdown in export growth due to tariff disruptions but expects a recovery in June [4] Group 3: Solid-State Batteries - The release of standards for solid-state batteries is expected to promote industry advancements [4] - Ningde Times is making progress in lithium metal battery product development, aiming to achieve energy density breakthroughs of over 500 Wh/kg [4] - The report suggests focusing on companies with cost and technological advantages, particularly Ningde Times [4]