转自：北京日报客户端 作为中大型新能源SUV，东风日产NX8采用800V高压平台和全新一代宁德时代磷酸铁锂电芯的云盾电 池，可以实现从零下30摄氏度到60摄氏度的全温域覆盖。辅助驾驶方面，东风日产NX8正式搭载激光雷 达，支持高速领航辅助NOA、城市领航辅助NOA、全场景智能辅助泊车等高阶智驾功能。 校检：陈沙、韩京华 日前，东风日产全新中大型SUV NX8公告图正式发布。NX8作为东风日产天演架构下的全新车型，定 位中大型家庭SUV，首发搭载800V高压平台+宁德时代5C超充技术。未来，N8X将与纯电轿车N7、插 混轿车N6等车型一起，打造更加完整的东风日产新能源产品矩阵，为家庭用户提供超舒适品质出行体 验。 审核：张扬 来源：北京日报客户端 东风日产NX8的尺寸为长4870毫米、宽1920毫米、高1680毫米，轴距达到2917毫米。宽敞的车身尺寸， 为车内乘员提供了优越的内部空间。 此外，东风日产NX8沿袭了日产家族V-motion设计语言，前脸配备2.4米贯穿式星环灯，尾灯则由2064颗 OLED组成。新车还配有19/20英寸两种尺寸轮毂，满足用户的个性化需求。 ...

侧面简约、线条流畅。通过极简化一体式设计，打造精准的车身比例，并以隐藏式水切、低面差设计等，营造纯净无缝的光滑型面，展现干净、纯粹的现 代气质。同时，东风日产NX8带来19/20英寸两种尺寸轮毂，满足用户的个性化需求。 外观上，东风日产NX8以家庭未来美学打造极致简洁外观和纯粹无瑕车身，符合家庭SUV未来设计形态，极具电感，堪称最美家庭中大型SUV。 前脸宽阔，大气自信。东风日产NX8沿袭日产家族V-motion设计语言全新进化，拥有行业最长2.4米贯穿式星环灯，加上平面化发光logo，与下方矩阵式灯 组相互映衬，构建宽阔舒展视觉张力，彰显沉稳大方气质。 东风日产全新中大型SUV NX8公告图日前正式发布。NX8作为东风日产天演架构下的全新标杆车型，定位中大型家庭SUV，首发搭载800V高压平台+宁德 时代（300750）5C超充技术，承袭22年央企合资的深厚底蕴，将进一步夯实"最家"新能源产品阵营的差异化优势，为中国主流家庭用户提供超舒适品质 出行体验。 极致简洁造型+宽敞舒适座舱，为中国主流家庭用户量身定制 据公告图披露信息，东风日产NX8尺寸为4870×1920×1680mm，轴距2917mm，拥有最主 ...

Core Viewpoint - The company reported a significant decline in revenue and profitability for Q3 2025, primarily due to reduced vehicle deliveries and a drop in gross margin [1][2][4]. Revenue Summary - In Q3 2025, total revenue reached 27.36 billion yuan, representing a year-on-year decrease of 36.2% and a quarter-on-quarter decrease of 9.5% [1][2]. - Automotive business revenue was approximately 25.87 billion yuan, with a year-on-year decline of 37.4% and a quarter-on-quarter decline of 10.4% [2]. - Vehicle deliveries totaled 93,000 units, down 39.0% year-on-year and 16.1% quarter-on-quarter [1][2]. Profitability Summary - The automotive business gross profit was 4.02 billion yuan, reflecting a year-on-year decrease of 53.5% and a quarter-on-quarter decrease of 28.4% [4]. - The gross margin for the automotive business was 15.5%, down 5.4 percentage points year-on-year and 3.9 percentage points quarter-on-quarter [4]. - The net profit attributable to shareholders was -630 million yuan, indicating a loss compared to the previous year [4]. Expense Summary - R&D expenses for Q3 2025 were 2.97 billion yuan, up 15.0% year-on-year and 5.8% quarter-on-quarter, with an R&D expense ratio of 10.9% [5]. - Sales and management expenses were 2.77 billion yuan, down 17.6% year-on-year but up 1.9% quarter-on-quarter [5]. Cash Flow Summary - The net cash used in operating activities was 7.4 billion yuan, with free cash flow at -8.9 billion yuan for Q3 2025 [8]. Future Outlook - The company expects Q4 2025 vehicle deliveries to be between 100,000 and 110,000 units, with corresponding revenue estimated between 26.5 billion and 29.2 billion yuan [8]. - The company anticipates a year-on-year decline in deliveries of 37.0% to 30.7% for Q4 2025 [8]. Product Development - The company is ramping up production for its new electric models, with the I6 and I8 targeting the mainstream and high-end electric vehicle markets [9]. - The 2026 model year for the L series is set for a significant upgrade, focusing on a streamlined SKU model and enhanced luxury features [9]. Market Positioning - The company aims to leverage its user insights and efficient organizational structure to innovate product offerings and maintain a competitive edge in the electric vehicle market [10].

Core Insights - The sentiment among plug-in hybrid MPV owners reflects a shift from range anxiety to charging anxiety, highlighting dissatisfaction with current charging infrastructure and battery performance [1][4] - Despite increasing sales in the plug-in hybrid MPV market, user satisfaction remains stagnant, with 73% of users expressing dissatisfaction with charging frequency and range performance [2][4] Group 1: Current Challenges - Many plug-in hybrid MPV owners experience significant range reduction in winter, with actual electric range often falling short of advertised figures, leading to increased reliance on fuel [4][8] - The charging experience is fraught with issues, including long wait times at charging stations, particularly during peak travel periods, which exacerbates user frustration [8][9] - The majority of plug-in hybrid MPVs still utilize a 400V platform, resulting in slower charging speeds and longer wait times to fully charge the battery [8][9] Group 2: Technological Advancements - The introduction of larger battery technologies, such as the 62.5 kWh battery in the 2026 model of the Lantu Dreamer, is set to significantly enhance electric range, potentially reaching 350 km [10][12] - New battery technologies are also improving charging efficiency, with some models capable of achieving 80% charge in just 12 minutes, addressing previous concerns about slow charging [12][15] - Enhanced battery management systems and safety features are being implemented, ensuring higher performance and safety standards for users [15][20] Group 3: Market Dynamics - The shift towards larger battery capacities is prompting a competitive response from various manufacturers, with many introducing models that exceed 40 kWh battery capacity and offer improved winter performance [16][20] - The market is witnessing a transition from a fuel-dominant to an electric-dominant usage model, as new plug-in hybrid MPVs are designed to prioritize electric driving for daily commutes [20][24] - The overall lifecycle cost of ownership for consumers is expected to decrease by over 30% with the adoption of larger battery technologies, enhancing the appeal of plug-in hybrid MPVs [24]

Group 1 - The core viewpoint of the article highlights the establishment of a joint venture between Li Auto and Xinwanda, focusing on the production, manufacturing, and sales of lithium-ion batteries for electric vehicles, with plans for self-developed batteries to be on the market by 2026 [2][3] - The joint venture is structured with a 50:50 investment ratio, where Li Auto leads the design, process, and material research of the battery products, while collaboration with CATL is defined as "joint development" [2][3] - The joint venture aims to ensure stable battery supply and cost control by binding core suppliers through this partnership, similar to previous strategies employed in electric drive and silicon carbide sectors [3] Group 2 - In addition to the joint venture, Xinwanda Power Technology has signed a memorandum of understanding with Beijing Rockwells Technology to advance the development of the Xinghuan OS, an open-source operating system project initiated by Li Auto [3] - The Xinghuan OS aims to create an open, efficient, and reliable in-vehicle system platform through community collaboration, promoting continuous innovation in automotive intelligence [3] - Xinwanda Power will become an initial member of the Xinghuan OS steering committee, participating in project decision-making, technical planning, and ecosystem promotion [3]

Group 1 - The 2026 Lantu Dreamer has officially launched with two intelligent series: Kunpeng and Qiankun, five configuration versions, and two power modes: PHEV and EV, with a price range of 329,900 to 439,900 yuan [1] - The vehicle dimensions are 5315mm in length, 1980mm in width, and 1820mm in height, with a wheelbase of 3200mm [3] - It features the world's first Huawei ADS 4 and Harmony OS 5 dual flagship configuration in an MPV, equipped with a full-dimensional collision avoidance system CAS 4.0, utilizing 192-line LiDAR and three 4D millimeter-wave radars for all-scenario intelligent driving [3] Group 2 - The vehicle is built with a 2000MPa ultra-high-strength cage body for passive safety [3] - It incorporates an 800V high-voltage architecture and 5C ultra-fast charging technology, allowing for a 20%-80% charge in 12 minutes, with a 62.5 kWh battery providing a pure electric range of 350 km (CLTC) and a comprehensive range of up to 1530 km [3] - The powertrain includes a 490 kW hybrid engine, achieving 0-100 km/h acceleration in 5.9 seconds and a top speed of 203 km/h [3]

Group 1 - The core point of the article is the announcement of the Xiaopeng X9 Super Extended Range version, which boasts an electric range exceeding 450 kilometers and a comprehensive range surpassing 1600 kilometers [2] - The Xiaopeng X9 Super Extended Range version has undergone extensive testing, with over 1000 test vehicles used, taking more than 800 days and covering over 20 countries and 330 cities, accumulating a total testing mileage of over 20 million kilometers [4] - The vehicle has been officially listed in the Ministry of Industry and Information Technology's announcement, categorized as a "plug-in extended range hybrid multi-purpose passenger vehicle" [4] Group 2 - The specifications of the Xiaopeng X9 include a length of 5316mm, a width of 1988mm, a height of 1785mm, and a wheelbase of 3160mm [4] - The vehicle is equipped with a lithium iron phosphate battery from Zhongxin Innovation, with a rated power of the driving motor at 110kW and a peak power of 210kW, while the engine has a maximum net power of 110kW [4]

Core Viewpoint - The launch of the Li Auto i8, a pure electric SUV, comes after a delay of nearly a year, with mixed market reactions following its introduction [2][10]. Pricing and Specifications - The i8 is priced starting at 321,800 yuan, with three configurations: Pro at 321,800 yuan, Max at 349,800 yuan, and Ultra at 369,800 yuan, reflecting a price reduction of approximately 30,000 yuan from the previous expected range of 350,000 to 400,000 yuan [3][4]. - The vehicle dimensions are 5080mm in length, 1960mm in width, and 1740mm in height, with a wheelbase of 3005mm [4]. - It features a dual-motor all-wheel-drive system with a total power output of 400 kW and a top speed of 180 km/h. The standard battery options are 90.1 kWh and 97.8 kWh, offering CLTC ranges of 670 km and 720 km, respectively [5]. Design and Features - The i8 maintains the design language of the MEGA model, with a low drag coefficient of 0.218, but sacrifices third-row headroom and storage space, lacking a front trunk and having limited rear cargo capacity [6]. - The interior features a dual-screen layout with upgraded eco-friendly materials and includes zero-gravity seats in the second row [4][5]. Market Context and Competition - The delayed launch has placed Li Auto in a challenging position within the pure electric vehicle market, with competitors like Xiaomi's YU7 and the newly launched Lido L90 offering similar or better value propositions [11][12]. - The i8's late entry has resulted in missed technological advantages and policy benefits, facing increased competition from established players like Tesla [12]. Sales and Financial Outlook - Li Auto's sales targets for 2025 have been adjusted downwards, with the pure electric vehicle segment expected to contribute significantly to overall sales, aiming for 120,000 units [13]. - The i8 is projected to achieve a gross margin of 21%, which is crucial for the company's financial recovery and maintaining market position [13].