XPeng Inc. (NYSE:XPEV) reported an earnings per share (EPS) of -$0.27, missing the estimated EPS of $0.06, with revenue significantly lower than expected.The company's stock price declined by 9.4%, indicating market reactions to its financial performance and the competitive pressure in the EV sector.Despite a negative price-to-earnings (P/E) ratio of approximately -35.43 and a challenging quarter, XPEV has shown a 91.8% increase in 2025, suggesting potential for future growth.XPeng Inc. (NYSE:XPEV) is a pro ...

Core Viewpoint - The report from Credit Lyonnais indicates that Geely Automobile's net profit for the third quarter is 3.8 billion yuan, translating to a profit of approximately 5,000 yuan per vehicle, compared to 4,700 yuan in the first half of the year. This improvement in sales price and unit profit is primarily driven by changes in product mix and economies of scale [1] Financial Performance - Geely's third-quarter net profit is reported at 3.8 billion yuan, with a profit per vehicle of about 5,000 yuan, an increase from 4,700 yuan in the first half of the year [1] - The bank expects this trend of improved profitability to continue into the fourth quarter, leading to an upward revision of the profit forecast for the year by 12% [1] Strategic Outlook - Management has set an export target of 1 million units for next year, with an anticipated penetration rate of 50% for new energy vehicles [1] - The expected merger with the subsidiary Zeekr is anticipated to yield better synergies [1] Market Position - The bank forecasts that Geely will maintain resilience in its performance next year and reaffirms a target price of 23 Hong Kong dollars, with a rating of "highly confident to outperform the market" [1]

Core Insights - The Los Angeles Auto Show will feature a unique exhibit space called The Underground, showcasing the city's car culture through various creators and builders [1][2][3] - The event will take place from November 21 to November 30, 2025, with a media day on November 20 [6][7] - The show is expected to have a significant economic impact, drawing hundreds of thousands of attendees and serving as a major revenue driver for the LA Convention Center [7] Event Highlights - The Underground will include Creator Studios, featuring influential automotive creators like Larry Chen and Hannah Maloof, showcasing custom builds and performance setups [2][3] - Over 40 exhibitors will participate, including Marathon Brand and Full Blown Performance, highlighting local pride and high-powered vehicles [3] - Special events include the world premiere of the Revology Boss 429 and a showcase of a rare 1964 Alfa Romeo Giulia Sprint Speciale [5] Ticket Information - Tickets are available for purchase, with pricing structured for different days and family packs [8][11] - General admission prices range from $18 to $25 for adults, with discounts for seniors and children [11] Additional Features - The All Roads Stage will present a series of stories and cultural icons throughout the event [4] - The show will also include a special collaboration with street artist OG Slick, featuring limited-edition apparel and art installations [3]

Core Viewpoint - Geely Automobile (00175) demonstrated robust performance in Q3, with both revenue and sales increasing on a year-on-year and quarter-on-quarter basis, benefiting from model structure optimization and export recovery, alongside effective cost control, leading to enhanced overall profitability [1][2][3] Performance Analysis - Revenue: In Q3, the company sold 761,000 new vehicles, representing a year-on-year increase of 42.5% and a quarter-on-quarter increase of 8.1%. Total revenue reached 89.19 billion yuan, up 47.7% year-on-year and 14.7% quarter-on-quarter. The average selling price (ASP) per vehicle was 117,000 yuan, reflecting a 3.7% year-on-year and 6.1% quarter-on-quarter increase. For the first three quarters of 2025, the company sold 2.169 million new vehicles, a year-on-year increase of 45.6%, with revenue of 239.48 billion yuan, up 26.4% year-on-year [1][2] - Costs: After adjustments, the sales, administrative, and R&D expense ratios for Q2 2025 were 6.0%, 1.5%, and 4.9%, respectively, showing a decrease of 0.1 percentage points, 0.4 percentage points, and 0.2 percentage points quarter-on-quarter [1] - Profit: The gross profit margin for Q3 was 16.6%. After excluding abnormal exchange gains and non-financial asset losses, the actual net profit attributable to shareholders for Q2 was 3.96 billion yuan, increasing by 61.3% year-on-year and 20% quarter-on-quarter. The net profit per vehicle for Q3 was 5,200 yuan, up 13.2% year-on-year and 11% quarter-on-quarter. For the first three quarters of 2025, the gross profit margin was 16.5%, a year-on-year increase of 0.3 percentage points, with an actual net profit of 10.62 billion yuan, up 82.2% year-on-year, and a net profit per vehicle of 4,900 yuan, up 25.2% year-on-year [1][2] Operational Analysis and Outlook - Q3 performance was strong, driven by improved model structure and recovery in exports, with new models like Lynk & Co 900 and Galaxy Star 8 performing above median levels, contributing to ASP growth. However, the increase in the proportion of new energy vehicles and the introduction of lower-margin models like Galaxy A7 led to a slight decline in gross margin quarter-on-quarter, reflecting increased unit costs. The company maintained stable expense ratios, which decreased quarter-on-quarter, contributing to the overall strong performance [2] - Looking ahead, Q4 is expected to continue strong performance. The new energy segment is anticipated to maintain a trend of increasing volume, price, and profit, with the company solidifying its position as a market leader. New models such as Zeekr 9X and Galaxy M9 are expected to enhance model structure and further improve unit profitability. The traditional business segment is also expected to remain stable, with exports rebounding and fuel vehicle upgrades maintaining steady performance [2] Forecast and Investment Recommendations - The company is expected to maintain an upward trend in fundamentals, with strong product development capabilities and a robust new vehicle cycle. The focus should be on the recovery of market recognition. With low costs, strong blockbuster models, and a vigorous new vehicle cycle, the company is viewed positively for continued growth in volume, price, and profit. The profit forecasts for 2025, 2026, and 2027 remain unchanged at 16.6 billion, 19.68 billion, and 24 billion yuan, respectively, corresponding to PE ratios of 10.45, 8.81, and 7.24. The "buy" rating is maintained [3]

XPeng achieved a 149% year-over-year increase in vehicle deliveries, totaling 116,007 units, driven by the successful launch of the XPeng P7, which became a top BEV sedan in its price range, boosting monthly deliveries to over 40,000 units by September. The company's gross margin exceeded 20% for the first time in Q3, and XPeng is focused on reducing its net loss, aiming to achieve break-even by Q4, indicating improved financial performance and operational efficiency. XPeng is leveraging AI and physical AI ...

Core Insights - RoboSense has secured contracts with multiple brands under the Volkswagen Group, with an order scale exceeding 500,000 units [1] - The company has also received orders from some American and Japanese automakers, with total expected orders surpassing 2 million units [1] - RoboSense will provide the next-generation 192-line and 520-line digital lidar, with the partnered models expected to debut as early as early next year [1] - Industry supply chain sources indicate that foreign automakers with joint ventures in China are enhancing hardware performance to accelerate the development of L3 autonomous vehicle models [1]

以下文章来源于伯乐在线 ，作者伯小乐 伯乐在线 . 伯乐在线分享IT互联网职场和精选干货文章（原域名已不再维护）。组织维护10万+star的开源技术资源 库，包括：Python, Java, C/C++, Go, JS, CSS, Node.js, PHP, .NET 等 2025 年 11 月 11 日，理想汽车一则内部组织调整公告，正式宣告了持续 3 年的"学华为"之路画上句号。 组织部与人力资源部整合，华为系核心高管李文智、袁春峰相继提出离职，李想亲自接管人事工作，一系列动 作标志着理想全面放弃华为管理模式，重回创始人主导的集权管理轨道。 效仿缘起：销量压力下的 "华为取经" 2022 年 9 月，面对市场冲击，李想提出"全面学华为"战略，试图通过引入成熟管理体系实现从 1 到 10 的突 破。 理想密集引进华为系高管：有 18 年华为经验的李文智负责流程、组织与财经变革，22 年华为荣耀背景的邹 良军主导销服体系，袁春峰则推行华为特色的 PBC 绩效模式。 这套模式初期成效显著：2023 年理想年交付量达 37.6 万辆，同比增长 182.2%，营收突破 1200 亿元，成为 中国首家盈利的新势力车企 ...

Core Viewpoint - The article discusses the brands expected to experience the fastest sales growth in the coming year, focusing on year-on-year comparisons rather than overall sales volume [2]. Group 1: Brand Performance Predictions - BYD is highlighted for its impressive overseas market expansion and the successful launch of its popular model, the Titanium 7, with new technologies expected to enhance market performance next year [4]. - Geely is noted for its stable performance in the fuel vehicle market and successful low-price strategies, particularly with the Galaxy model, which has become a bestseller [4]. - Xiaomi's automotive division is recognized for its strong sales in October and a robust order pool, with expectations for increased sales driven by capacity improvements and new model releases [5]. Group 2: Growth Rate Estimates - Xiaomi is projected to have a significant growth rate, with Goldman Sachs predicting sales of 655,000 units by 2026, representing an approximate growth rate of 87% from a 2025 estimate of 350,000 units [6]. - Other brands like NIO and Li Auto are also expected to rebound quickly, with predictions of substantial growth based on low initial sales bases [8]. - The article mentions that new entrants like Leap Motor could see explosive growth, with estimates suggesting a potential increase of over 2000% in sales [10]. Group 3: Market Dynamics - The article emphasizes that the competitive landscape is shifting, with brands like Xiaomi and Geely employing various strategies to capture market share from established players like BYD [7]. - The rise of A0-level electric vehicles is noted as a significant trend, indicating a complete replacement of fuel vehicles in certain segments [10]. - The importance of product definition and marketing capabilities is highlighted, particularly for Xiaomi, which is expected to leverage its strong brand presence to drive sales growth [10].

柱哥这两周收到了很多家公司的咨询，问我们有没有端到端和VLA的技术人才引荐。有三家是主机厂，另外几家是供应商。这块的需求现在真的是很 大，某招聘网站上的3-5年专家岗已经高达70k月薪... 但端到端和VLA涉及的技术栈十分丰富。很多研究生的同学和转行的工业界小伙伴在刚开始接触时，往往会遇到很多问题。从模块化的量产算法发展到 端到端，再到如今的VLA。核心算法涉及BEV感知、视觉语言模型VLM、扩散模型、强化学习、世界模型等等。通过学习端到端与VLA自动驾驶，可以 掌握学术界和工业界最前沿的技术方向。 很多同学的咨询如何快速高效的入门端到端和VLA。所以我们联合了 工业界 和 学术界 的大佬开展了 《端到端与VLA自动驾驶小班课》 和 《自动驾驶 VLA和大模型实战课程》 ！ 扫码报名！优惠名额仅剩5个 扫码报名！抢占课程名额 课程大纲 自动驾驶VLA与大模型实战课程 由学术界大佬带队！ 这门课程聚焦在VLA领域，从VLM作为自动驾驶解释器开始，到模块化VLA、一体化VLA，再到当前主流的推理增强VLA。三大 自动驾驶VLA领域全面梳理， 非常适合刚接触大模型、VLA的同学。 课程也配套了详细的理论基础梳理， ...

| 蒙格序號 | 大 股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法國 | | | --- | --- | --- | --- | --- | --- | --- | | | 版优惠 | | | | 份權益 請參閱│迦本註 有投票權股期(日 / 月 / | | | | | | | | 份自分比 年 | | | CS20251114E00464 | JPMorgan Chase & Co. | 1001(L) | 5.742.126(L | HKD 105.6553 | 80,373,920(L) | 5.14(L)11/11/2025 | | | | 1403(S) | 5,745,451(S) | | 60.686.996(S) | 3.88(S) | | | | | | | 27.324.902(P) | 1.75(P) | | 股份代號: | 09868 | | --- | --- | | 上市法國名稱: | 小鵬汽車有限公司 - W | | 日期 (日 / 月 / 年): | 18/10/2025 - 1 ...