此次发布会的另一重点则是小鹏汽车的全球化进程。2026款P7+宣布在全球36个国家同步发布，后续还 将在欧洲举行上市活动。 智能化仍是小鹏汽车强调的核心差异化优势。发布会上，小鹏重点介绍了其第二代VLA（视觉语言动 作）大模型和天玑AIOS 6.0系统。第二代VLA被描述为行业首个实现L4初阶能力的物理世界大模型，其 技术特点是去除了传统的"语言转译"环节，旨在实现从视觉信号到控制指令的端到端直接输出。该软件 计划于2026年3月开始向用户推送。 在价格与市场策略上，小鹏延续了"科技平权"的思路，将高算力芯片（图灵AI芯片）及新的智能系统下 探至20万元价位区间的新车型中。例如，P7+的Ultra版宣称搭载了3颗自研图灵芯片。同时，公司公布 了截至2026年3月31日的限时购车权益，包括数千元不等的购车补贴、金融方案、选装基金及充电权益 等，以刺激短期市场需求。 中国青年报客户端讯（中青报·中青网记者 王京辉）1月8日，小鹏汽车在广州举行2026年度全球新品发 布会，正式推出了2026款P7+、G7超级增程版以及新款G6和G9共四款车型。其中，新款P7+与G7超级 增程版的市场价格备受关注，前者起售价为18. ...

Core Viewpoint - The company has shown significant revenue growth in H1 2025, with a revenue of 34.1 billion yuan, a year-on-year increase of 133%, while narrowing its net loss to 1.1 billion yuan, a 57% improvement compared to the previous year [1] Group 1: Financial Performance - In Q2 2025, the company achieved a revenue of 18.3 billion yuan, with a quarter-on-quarter increase of 125% and a year-on-year increase of 16% [1] - The gross margin in Q2 reached 17.3%, a quarter-on-quarter increase of 3.3 percentage points, driven by scale effects and cost control [1] - The company expects Q3 2025 deliveries to be between 113,000 and 118,000 units, with projected revenue of 19.6 to 21 billion yuan [1] Group 2: Sales and Product Development - The company delivered 198,000 new vehicles in H1 2025, with M03 and P7+ contributing stable sales of 86,000 and 44,000 units, ranking fifth and fourth in their respective market segments [2] - The new P7, set to launch on August 27, is expected to attract younger consumers with its sporty design and advanced features, potentially boosting monthly sales to over 40,000 units [2] Group 3: Strategic Partnerships and Innovations - The company has signed a strategic cooperation agreement with Volkswagen to expand their electronic and electrical architecture collaboration, which is expected to enhance revenue opportunities [2] - The introduction of the X9 range extender model, featuring a large battery and high-efficiency combination, is anticipated to launch in Q4 2025 [2] Group 4: Revenue Forecast and Valuation - The revenue forecast for 2025-2027 has been adjusted to 85.6 billion, 127.6 billion, and 153.9 billion yuan, reflecting a strong outlook for vehicle sales and smart technology development [3] - The target price for the company's stock has been raised to 120.34 HKD, maintaining a "buy" rating based on the company's competitive advantages in new vehicle cycles and smart technology [3]