这一转折点源于去年下半年，彼时小鹏接连推出MONA M03、P7+两款车型，推动月销量从8月的约1万辆快速增长至12月的近3.5万辆，并在今年继续保 持。 第三家单季度盈利的新势力正在路上。 8月19日，小鹏汽车（下称"小鹏"）发布2025年上半年财报，其在销量大增的基础上，整体营收翻倍增长，净亏损收窄，盈利能力正在提升。 小鹏汽车董事长何小鹏在业绩电话会议上表示，2025年二季度，小鹏各项核心业务和财务指标，包括销量、收入、毛利率、在手现金，都达到了历史最佳 水平，"我们在2025年全面完成了智能化和电动化新一代技术平台的升级，与竞争对手全面拉开了技术代差。这将使我们的大产品周期产生更强势能，加 速规模增长"。 吴迪 摄 9月起月销要稳定超4万辆 报告期内，小鹏总收入340.9亿元，其中汽车销售收入为312.5亿元，同比提升152.8%，占总收入的91.67%；服务及其他收入的金额为28.3亿元。 营收的大幅增长与公司上半年的销量表现密不可分。根据财报，小鹏上半年累计交付19.72万辆，同比增长279%。其中二季度交付创新高，突破了10万 辆，较去年同期增长241.6%。 今年上半年，售价较低的M03依然是 ...

Group 1 - The "2025 Global Automotive Supply Chain Core Enterprise Competitiveness White Paper" was released, highlighting that 17 Chinese automotive parts companies made it to the global top 100 list, with CATL, Weichai Group, and Huayu Automotive in the top 20 [1] - The automotive parts industry is experiencing three major trends: the relative stability of leading companies, growth driven by mergers and acquisitions, and an increase in the number of Chinese companies in the global supply chain [1] - The impact of intelligence and electrification is reshaping the automotive parts industry, with leading companies accelerating global expansion to tap into new growth opportunities [1] Group 2 - Chinese automotive parts companies face both historic opportunities and multiple challenges in their internationalization efforts [2] - A structural change occurred in 2024, where vehicle exports surpassed parts exports, influenced by geopolitical factors and the restructuring of global supply chains [2] - The global competition in the automotive industry is not just between companies but also involves the competition of industrial ecosystems, requiring collaboration and resource sharing for comprehensive breakthroughs [2]