格隆汇12月30日｜中概新能源车股齐涨，蔚来涨超7%，小鹏汽车涨5.5%，理想汽车涨近2%。 消息面上，国家发展改革委、财政部发布关于2026年实施大规模设备更新和消费品以旧换新政策的通 知。支持汽车报废更新。个人消费者报废登记在本人名下的乘用车，并购买纳入《减免车辆购置税的新 能源汽车车型目录》的新能源乘用车或2.0升及以下排量燃油乘用车的，给予汽车报废更新补贴支持， 购买新能源乘用车补贴车价的12%（最高不超过2万元）、购买2.0升及以下排量燃油乘用车补贴车价的 10%（最高不超过1.5万元）。 支持汽车置换更新。个人消费者转让登记在本人名下的乘用车，并购买纳入《减免车辆购置税的新能源 汽车车型目录》的新能源乘用车或2.0升及以下排量燃油乘用车的，给予汽车置换更新补贴支持，购买 新能源乘用车补贴车价的8%（最高不超过1.5万元）、购买2.0升及以下排量燃油乘用车补贴车价的6% （最高不超过1.3万元）。(格隆汇) ...

消息面上，国家发改委、财政部发布《关于2026年实施大规模设备更新和消费品以旧换新政策的通 知》，其中提到，支持汽车报废更新。个人消费者报废登记在本人名下的乘用车，并购买纳入《减免车 辆购置税的新能源汽车车型目录》的新能源乘用车或2.0升及以下排量燃油乘用车的，给予汽车报废更 新补贴支持，购买新能源乘用车补贴车价的12%(最高不超过2万元)、购买2.0升及以下排量燃油乘用车 补贴车价的10%(最高不超过1.5万元)。 上述通知还提到，支持汽车置换更新。个人消费者转让登记在本人名下的乘用车，并购买纳入《减免车 辆购置税的新能源汽车车型目录》的新能源乘用车或2.0升及以下排量燃油乘用车的，给予汽车置换更 新补贴支持，购买新能源乘用车补贴车价的8%(最高不超过1.5万元)、购买2.0升及以下排量燃油乘用车 补贴车价的6%(最高不超过1.3万元)。 智通财经APP获悉，周二，新能源车中概股普涨，蔚来(NIO.US)涨5%，小鹏汽车(XPEV.US)涨逾3%， 理想汽车(LI.US)涨逾1%。 ...

Core Viewpoint - Xpeng Motors (XPEV.US) announced the global launch of the 2026 P7+ model, emphasizing its commitment to global standards and production, with a focus on enhancing user experience and comfort [1] Group 1: Product Announcement - The 2026 P7+ will be a globally positioned product, adhering to unified global production and safety standards, and will be launched simultaneously in 36 countries [1] - The new model features 104 experience upgrades and a 36% upgrade in primary components, enhancing the overall quality and comfort of the cabin [1] Group 2: Technical Specifications - The pure electric version of the 2026 P7+ utilizes an 800V high-voltage platform architecture and is equipped with AI batteries that support 5C ultra-fast charging [1] - Under CLTC conditions, the maximum range for the pure electric version can reach 725 km, while the range-extended version has a pure electric range of 430 km and a combined range of up to 1550 km [1]

Core Insights - The Xiaomi SU7 traffic accident has catalyzed a significant shift towards stricter regulations in the Chinese automotive industry, particularly concerning safety standards for electric and smart vehicles [1][3]. Group 1: Incident Overview - On March 29, 2025, a serious traffic accident involving a Xiaomi SU7 resulted in fatalities, sparking widespread public discussion and concern within the automotive sector [1]. - The incident highlighted potential safety hazards in the rapidly developing electric vehicle industry, prompting a reevaluation of existing safety measures [1][2]. Group 2: Industry Response - Following the accident, there was a notable backlash from industry insiders, leading to discussions about the need for improved safety protocols and regulations [2][3]. - The Ministry of Industry and Information Technology (MIIT) convened a meeting with nearly 60 representatives from automotive manufacturers, emphasizing the importance of accurate marketing and enhanced safety standards for smart connected vehicles [3]. Group 3: Regulatory Developments - In April 2025, MIIT introduced stringent national standards for electric vehicle batteries, mandating that they must not catch fire or explode, marking a significant regulatory milestone [3][4]. - The establishment of a strong standard for L2 level assisted driving was expedited due to the public outcry following the Xiaomi incident, indicating a shift towards more rigorous safety regulations in the industry [3][5]. Group 4: Market Trends - By the end of 2025, the penetration rate of new energy vehicles in China exceeded 50%, a significant increase from 40.9% in 2024, indicating a rapid shift in consumer preferences [4]. - The market penetration rate for L2 level assisted driving vehicles reached 64% in the first three quarters of 2025, up from 48% in 2024, reflecting the growing adoption of advanced driving technologies [5]. Group 5: Safety Concerns - The rapid advancement of technology in the automotive sector has led to increased safety concerns, particularly regarding the boundaries of smart driving capabilities and the risks associated with electronic design and battery safety [5]. - Ongoing incidents, including difficulties in opening vehicle doors and battery explosions, have underscored the urgent need for improved safety measures and regulations in the industry [5].

Core Insights - The penetration rate of the new energy vehicle (NEV) market reached 59.5% in November 2025, indicating a significant shift towards electric vehicles in consumer preferences [1] Group 1: Low-Temperature Reliability - 90% of tested vehicles passed low-temperature reliability tests, with only 5 vehicles experiencing issues such as severe battery depletion and heating system failures [2] - Common high-frequency faults like door handle malfunctions and screen failures were not observed during this year's winter tests, showcasing improved reliability [2] Group 2: Range Performance in Extreme Cold - The average range achievement rate for pure electric vehicles was 42%, while plug-in hybrid and range-extended vehicles achieved a combined rate of 53% [3] - In harsh winter conditions, the average real-world range for tested pure electric vehicles was 257 km, with the longest range recorded at 372.9 km for the Yangwang U7 [5] Group 3: Battery Type Performance - Pure electric vehicles with lithium iron phosphate (LFP) batteries showed a range achievement rate of 42%, comparable to the 41.6% for those with ternary lithium batteries, indicating no significant disadvantage for LFP in cold conditions [6] Group 4: International Collaboration and Performance - Overseas mainstream brands utilizing "reverse new joint ventures" achieved the highest average range achievement rates for pure electric vehicles at 43.7% [11] - Notable performances included the Nissan N7 with a range of 296.3 km and a rate of 47.4%, while luxury brands like Mercedes-Benz showed less impressive results [11] Group 5: Heating Efficiency and Safety Features - Only 18% of tested vehicles could achieve a cabin temperature above 18°C in extreme cold, indicating a need for improvement in heating efficiency [12] - Among 49 vehicles tested for Automatic Emergency Braking (AEB) in snowy conditions, only 3 could successfully stop at 60 km/h, highlighting limitations in current safety features [14] Group 6: Overall Market Outlook - The overall reliability and performance of popular new energy vehicles have significantly improved, with some models achieving a pure electric range of nearly 400 km and combined ranges exceeding 1000 km [17] - Despite advancements, there are still areas for improvement, particularly in heating capabilities and AEB performance in icy conditions [17]

Core Insights - The article highlights the journey of Leap Motor, a Chinese electric vehicle manufacturer, which has successfully navigated the competitive landscape of the automotive industry over the past decade, focusing on long-term sustainability and technological innovation rather than short-term hype [4][5][59]. Group 1: Company Overview - Leap Motor was founded in 2015 during a peak period of enthusiasm for electric vehicle manufacturing in China, characterized by numerous startups and significant capital influx [10][61]. - The company has adopted a "three no" principle: not relying on subsidies, not promoting concepts excessively, and not overly pleasing investors [12][61]. - Leap Motor's founder, Zhu Jiangming, emphasizes the importance of technical mastery and cost optimization for long-term survival in the automotive industry [62][64]. Group 2: Technological Development - Leap Motor has focused on in-house research and development, with over 65% of its core component costs being self-developed [4][59][78]. - The company has developed a comprehensive technical system that allows for continuous optimization and cost efficiency, avoiding the pitfalls of chasing fleeting trends [20][73]. - Leap Motor's strategy includes a "five-year rolling plan," which allows the company to anticipate market needs and technological advancements [21][69]. Group 3: Market Positioning - The company targets the mass market, particularly the segment below 200,000 yuan, which constitutes 70% of the Chinese electric vehicle market [28][75]. - Leap Motor aims to provide high-quality vehicles at competitive prices, positioning itself as a brand that offers "good but not expensive" products [31][77]. - The company has successfully integrated advanced technologies, such as laser radar and high-performance chips, into its vehicles at accessible price points [80][86]. Group 4: Supply Chain and Collaboration - Leap Motor has established deep collaborations with suppliers, fostering a symbiotic relationship that enhances cost efficiency and innovation [82][83]. - The company’s approach to supply chain management has evolved from initial challenges to creating a resilient and responsive ecosystem [36][82]. Group 5: Future Outlook - As Leap Motor enters its next decade, it faces the challenge of transitioning from a "good but not expensive" image to competing in the high-end market [49][95]. - The company plans to enhance its capabilities in smart driving and user experience to compete with technology giants like Tesla and Huawei [49][95]. - Leap Motor has built a robust foundation of self-research and agile response strategies, positioning itself as a significant player in the global automotive industry [96][98].

智通财经APP获悉，周一，蔚来(NIO.US)涨逾3%，报5.28美元。消息面上，蔚来汽车12月29日宣布，在 正式交付开启后的第100天，蔚来全新ES8成功实现交付破四万辆。在蔚来全新ES8和乐道L90两大爆款 车的带动下，该公司新能源车销量连创新高。最新数据显示，蔚来11月交付新车36,275台，同比增长 76.3%。自今年8月以来，公司交付量已连续四个月交付超过3万。 ...

周一，蔚来(NIO.US)涨逾3%，报5.28美元。消息面上，蔚来汽车12月29日宣布，在正式交付开启后的 第100天，蔚来全新ES8成功实现交付破四万辆。在蔚来全新ES8和乐道L90两大爆款车的带动下，该公 司新能源车销量连创新高。最新数据显示，蔚来11月交付新车36,275台，同比增长76.3%。自今年8月以 来，公司交付量已连续四个月交付超过3万。 ...

周一，新能源车股多数走低，截至发稿，特斯拉(TSLA.US)跌超2%，小鹏汽车(XPEV.US)跌超3%，理 想汽车(LI.US)跌超2.3%，Rivian Automotive(RIVN.US)跌1.6%；蔚来(NIO.US)涨1.3%。消息面上，有媒 体援引一位知情人士透露，特斯拉的一家供应商最终仅交付了该汽车制造商近三年前订购的电池材料中 极小的一部分，部分原因在于Cybertruck项目存在问题。韩国L&F公司周一披露，其与特斯拉于2023年2 月首次宣布的3.83万亿韩元(约合26.7亿美元)的供应合同已被削减至973万韩元。L&F在提交的文件中 称，合同金额减少99%的原因在于供货数量发生变更。知情人士表示，L&F公司受托供应的高镍正极材 料原定于2024年1月至本月期间交付，本应用于Cybertruck电池生产。但由于这款车的研发一再推迟，消 费者选择了其他车型，因此实际交付的材料数量寥寥无几。 ...

智通财经APP获悉，周一，新能源车股多数走低，截至发稿，特斯拉(TSLA.US)跌超2%，小鹏汽车 (XPEV.US)跌超3%，理想汽车(LI.US)跌超2.3%，Rivian Automotive(RIVN.US)跌1.6%；蔚来(NIO.US)涨 1.3%。消息面上，有媒体援引一位知情人士透露，特斯拉的一家供应商最终仅交付了该汽车制造商近 三年前订购的电池材料中极小的一部分，部分原因在于Cybertruck项目存在问题。韩国L&F公司周一披 露，其与特斯拉于2023年2月首次宣布的3.83万亿韩元（约合26.7亿美元）的供应合同已被削减至973万 韩元。L&F在提交的文件中称，合同金额减少99%的原因在于供货数量发生变更。知情人士表示，L&F 公司受托供应的高镍正极材料原定于2024年1月至本月期间交付，本应用于Cybertruck电池生产。但由于 这款车的研发一再推迟，消费者选择了其他车型，因此实际交付的材料数量寥寥无几。 ...