2026款小鹏P7+发运海外 小鹏汽车 小鹏汽车今年1月共交付新车20011辆，同比下降34%；截至2025年底，小鹏汽车已进入全球60个国家和 地区，拥有超过380家海外门店。 本文系观察者网独家稿件，未经授权，不得转载。 作为小鹏汽车首款面向全球的车型，2026款小鹏P7+在全球36国发布，应用了全球统一的生产和安全标 准，同步正在奥地利格拉茨工厂推进本地化生产，加快推进全球交付的步伐，预计今年4月将在25个欧 洲市场开始交付。 2026款小鹏P7+发运海外 小鹏汽车 【文/观察者网 潘昱辰 编辑/高莘】日前，2026款小鹏P7+从江苏连云港启程，正式开启海外大规模发 运，此次将奔赴全球18个国家。 2026款小鹏P7+于今年1月8日正式上市，推出增程、纯电两种能源形式共4款车型，国内售价区间为 18.68万—19.88万元。该车型全系标配全域800V高压平台，支持5C快充；智能化方面搭载天玑AIOS 6.0 系统，支持第二代VLA模型，Ultra版搭载3颗自研图灵AI芯片，算力可达2250TOPS。 ...

Core Viewpoint - XPeng Motors reported a significant increase in delivery volume and revenue for Q3, but the market reacted negatively due to lower-than-expected guidance for Q4 and concerns over declining vehicle prices and sales of higher-end models [1][4][12] Financial Performance - In Q3, XPeng Motors delivered 116,000 vehicles, a year-on-year increase of 149.3%, with revenue reaching 20.38 billion yuan, up 101.8% year-on-year [1] - The net loss for the quarter was 380 million yuan, a significant reduction from 1.81 billion yuan in the same period last year [4] - The company expects Q4 revenue to be between 21.5 billion and 23 billion yuan, representing a growth of approximately 33.5% to 42.8% [1] Market Reaction - Following the earnings report, XPeng's stock fell 6% in the US and 10.47% in Hong Kong, with continued declines over the next two days, indicating market disappointment [2][4] Sales Structure and Pricing - The MONA M03 model, positioned in the mid-to-low-end market, accounted for about 40% of sales, contributing to revenue growth but leading to a decline in average selling prices [2][4] - The average selling price of XPeng vehicles dropped from 205,700 yuan in 2022 to 188,500 yuan in 2024, with further declines noted in Q3 to 156,000 yuan [6][4] High-End Model Performance - Sales of higher-end models, such as the new P7, showed a decline after initial success, with October sales dropping over 30% from the previous month [9] - The G9 and X9 models also experienced significant sales drops, with monthly sales falling below 1,000 units [9][11] Strategic Diversification - Despite poor performance in the automotive sector, XPeng is expanding into new areas such as robotics and flying cars, which raises concerns about the focus on its core business [3][12] - The company aims to accelerate the development of AI and Robotaxi technologies, with plans for mass production by 2026 [11][12] Profitability and Margins - XPeng's gross margin reached 20.1% in Q3, but the automotive business gross margin fell to 13.1%, down from 14.3% in the previous quarter, raising further concerns about future profitability [12]

Core Insights - Xiaopeng Motors reported record highs in multiple key metrics for Q3 2025, including total revenue exceeding 20 billion yuan for the first time, reaching 20.38 billion yuan, a year-on-year increase of 101.8% and a quarter-on-quarter increase of 11.5% [1] - The total delivery volume for Q3 was 116,007 vehicles, a significant increase of 149.3% compared to 46,533 vehicles in the same period of 2024, and a quarter-on-quarter growth of 12.4% [1] - The company's net loss narrowed significantly by 78.9% year-on-year to 380 million yuan, aided by scale effects [1] Financial Performance - Total revenue reached 20.38 billion yuan, marking a year-on-year growth of 101.8% and a quarter-on-quarter growth of 11.5% [1] - Automotive sales revenue was 18.05 billion yuan, reflecting a year-on-year increase of 105.3% and a quarter-on-quarter increase of 6.9% [1] - Cash reserves increased to 48.33 billion yuan, up approximately 760 million yuan from the previous quarter, providing a solid foundation for future R&D and market expansion [1] R&D and Future Plans - R&D investment in Q3 amounted to 2.43 billion yuan, a year-on-year increase of 48.7% and a quarter-on-quarter increase of 10.1%, setting a new historical high [1] - The company plans to launch 7 new models next year, including 3 super electric extended-range products in Q1 2026 and 4 new models targeting important market segments [2] - Xiaopeng Motors aims to achieve breakeven in Q4 and will continue to invest in physical AI R&D, accelerating the development of the second-generation VLA model, Robotaxi, and humanoid robots for mass production in 2026 [2]