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全新P7小订破万台,何小鹏:不会是部分鹏友期待的那种便宜
Nan Fang Du Shi Bao· 2025-08-07 04:18
五年前,第一代小鹏P7上市后,以突出的设计风格和断层级智能化表现,一度成为小鹏汽车的当家花 旦。2021年,小鹏P7贡献了六成销量,斩获该年"新势力纯电车型累计销量第一",同时也助小鹏汽车迎 来创业以来的首个年度销冠。 五年后,小鹏汽车已更名为"AI汽车公司",自研图灵AI芯片实现量产上车,小鹏汽车已经从G9失势中 重新站了起来,拥抱又一个山峰。全新小鹏P7在这个时候亮相。 从迈向高峰到站在又一高峰眺望,从小鹏的"初代标杆"到"AI轿跑新旗舰",历经五年技术跃迁,小鹏汽 车打造的同一款P7有何不同? 初代P7: "是当时最领先的智能电动汽车" 小鹏P7立项于2018年,小鹏汽车董事长、CEO何小鹏称当时"完全是摸着石头过河"。他回忆起当初拜访 一位供应链伙伴,面对面沟通造车细节后,对方将原本报价5000万的研发费用提高到了1个亿,因为"没 有人相信这样一款新能源汽车能成功。" 随之提升的还有财报上的数字。2025年一季报显示,小鹏汽车期内汽车销售收入为143.7亿元,同比上 升159.2%。汽车毛利率亦连续七个季度提升。何小鹏此前表示,整体来看,小鹏汽车经营能力已经大 幅改善,二季度已经很好,四季度盈利甚至不 ...
车主反馈网上铺天盖地骂理想,理想高管曝光:水军群收集“黑料”,1张图5元;蔚来高管:尽快报警
Mei Ri Jing Ji Xin Wen· 2025-08-07 04:16
Core Viewpoint - Recent organized attacks against Li Auto have emerged on social media, with evidence suggesting a coordinated effort to discredit the brand and its owners [1][3][4] Group 1: Organized Attacks - A screenshot from a chat group revealed a plan to collect negative behaviors of Li Auto owners, with payments for images and comments aimed at damaging the brand's reputation [3][4] - Li Auto's legal department confirmed that negative information was being disseminated continuously across multiple platforms, indicating a high frequency and similarity in content, which suggests organized illegal activities [4][5] - The company has gathered evidence and is pursuing legal actions, including civil lawsuits and criminal reports, to hold accountable those behind the malicious attacks [4][5] Group 2: Response from Li Auto - Li Auto has received numerous complaints from car owners about the organized attacks, which have affected their public image and personal experiences [4][5] - The company encourages affected owners to provide more information to assist in reporting the malicious content and emphasizes its commitment to protecting their rights [4][5] - Li Auto's legal team has stated that they will take all necessary legal measures to defend the rights of their users and the company itself [4][5] Group 3: Industry Reactions - NIO's executive, Ma Lin, publicly denied any involvement in the smear campaign against Li Auto and condemned the act of unfairly targeting a specific brand's owners [6][7] - Ma Lin highlighted the importance of addressing such attacks through legal channels and urged Li Auto to take appropriate actions [7]
星海S7季度销量环比暴涨358%:传统车企回归家庭场景 重构新能源造车逻辑
Zheng Quan Ri Bao· 2025-08-07 03:49
Core Insights - Dongfeng Fengxing's new energy mid-size sedan, Xinghai S7, achieved a remarkable quarter-on-quarter sales growth of 358%, making it the fastest-growing model in its segment [1] - The model competes with the market leader, Xiaomi SU7, which sold nearly 80,000 units in the same quarter, indicating a strong "dual S" market dynamic [1] Product Strategy - Dongfeng Fengxing has repositioned itself to focus on family car scenarios, aiming to be the "first family sedan with the highest scene reuse rate" with the Xinghai S7 [2] - The Xinghai S7 features a spacious design with a length of 4935mm and a wheelbase of 2915mm, providing ample rear legroom of 830mm, catering to family comfort [2] - The hatchback trunk offers a capacity of 496L, accommodating various family needs, and the rear seats can be folded to create a flat space of 1.8 meters [2] Health and Safety Features - The Xinghai S7 elevates cabin health standards to "mother and baby level," with 98% of interior materials being recyclable and 100% of adhesives using water-based eco-friendly formulas [3] - The vehicle's air conditioning system has an antibacterial function with a 99% sterilization rate, appealing to young families and allergy-prone passengers [3] Market Positioning - The Xinghai S7 adopts a "sufficient is good" philosophy, offering both pure electric and range-extended versions with ranges of 555km and 650km, respectively, targeting commuting and mid-range travel [4] - The starting price is set below 100,000 yuan, significantly lower than the average price of mid-size sedans, making it competitive in lower-tier markets [4] Technical Innovations - The vehicle features a unique FSD suspension system, emphasizing stability and comfort over performance, with a side tilt control optimization of 42% during cornering at 60km/h [5] - Safety is prioritized with the use of high-strength materials, including 1500 MPa hot-formed steel, and rigorous battery safety tests that exceed industry standards [6] Brand Strategy - Dongfeng Fengxing is leveraging its 70 years of manufacturing experience to transition from traditional vehicles to smart, user-friendly electric vehicles [7] - The launch of the Xinghai S7 is seen as a pivotal step in restructuring Dongfeng Fengxing's new energy product line, focusing on family users in a competitive market [7] - The company aims to serve ordinary users with durable products, addressing the shift from an "incremental market" to "stock competition" in the new energy vehicle sector [7]
第一创业晨会纪要-20250807
6 证券研究报告 点评报告 2025 年 8 月 7 日 晨会纪要 核[心Ta观bl点e_:Summary] 一、产业综合组: 美国总统特朗普表示,美国将对芯片和半导体征收约 100%的关税。虽然目前还没 有详细的规则披露,但是根据 2024 年中国对美国半导体出口总额约 30 亿美元,进 口约 22 亿美元分析,总体上半导体对美进出口金额占中国年度出口总额比例较小, 因此关税即使涉及中国芯片产业,对中国芯片产业的影响也不大。 盛美上海公布了 2025 年半年报,上半年营业收入 32.6 亿,同比增长 35.8%,毛利 率 50.7%,继续维持高位,实现归属母公司净利润 6.95 亿,同比增长 57%。二季度 公司收入 19.6 亿,同比增长 32%,净利润 4.5 亿,同比增长 23.8%,总体业绩继续 维持高增长。分项目看,公司在半导体清洗设备领域全球市场占有率达 8.0%,位 居全球第四,中国市场占有率超 30%,位列第二;在半导体电镀设备领域,公司全 球市场占有率达 8.2%,位列全球第三 。 由于公司电镀设备可供应半导体前道制 程和后道先进封装,而这些领域的国产设备竞争较弱,但需求前景较好,因此我们 ...
扩内需与反“内卷”要双向发力——从夏日经济看统一大市场建设
Ren Min Ri Bao· 2025-08-07 03:09
Group 1 - The charging treasure industry is facing challenges due to low-quality products leading to safety issues, prompting regulatory actions to enhance product quality [1] - The new energy vehicle sector is experiencing price wars and unrealistic sales targets, necessitating a return to rational competition and regulatory oversight [1] - Unfair competition characterized by price wars and scale expansion is detrimental to market health, requiring a focus on quality and innovation to foster a more productive environment [1] Group 2 - Both government and enterprises share the responsibility to combat "involution," with a need for regulatory measures to ensure fair competition and resource allocation [2] - Innovation is highlighted as a key strategy for growth, with examples of companies like Haier successfully addressing consumer pain points through product development [2] - Effective market mechanisms and government actions are essential to create a conducive business environment and stimulate innovation [2] Group 3 - Expanding domestic demand and addressing "involution" should be pursued simultaneously, with a focus on guiding competition towards healthier practices [3] - Innovative approaches to enhance consumer experiences, such as the development of cultural and recreational activities, are seen as effective strategies to stimulate demand [3] - Recent regulatory initiatives and industry discussions indicate a collective effort to promote fair competition and prevent detrimental practices in the market [3]
深圳参与制定3000余项国际标准
Ren Min Wang· 2025-08-07 02:13
深圳特区报记者 何 泳 熊子恒 各地传真 10 2025年8月7日 星期四 在广东海到在,就在了华为.比 们不仅在到内市场调度突出,还需 體系方米斯开航加斯市场 计,截至2004年度,同时市南部委员 位置计制制定制形标准300元 主要涉及先长, 三人机 : 高知胜网 石墨体育手卡产企销城。 企业资料加斯材料集团设分有 服公划已选择十几年保持行业绩免 地台,感染为空部时代等处实点用 麻将主要供应真,该相手与航空 2008年的"进新路", 宜祥国际线 19黄龙大设;"一对里外会开的组盟 理具发完假: 邮件,推动我们对失重与国际标准 財産。 石原城作为一场文辅助文材料 IE木,各国都在哈占国际利用新加 权。2015年,世界石面博大会在西 服务官所,用时,全球已有多个石窟 MOGSANA OLD. 日韩国教合国家语文科学中心 和中国社最科学研究院共同网址 (国际电工委员会)申请时报一周初 总编管理局国际标准。大会上人 即代表团使石墨排航站技术提开计 -使東日IXC的专家被变成有 器联中国会议制定国际标准的 力,但这封都作到是用值地发给了 在体育会人员。 "看到邮件,我们那些不服气 NTE外国专家了解中国制定国际 标准 ...
理想汽车法务部:网络平台集中出现大量针对理想车主负面评价,将追究其法律责任
Xin Lang Ke Ji· 2025-08-07 02:00
8月7日理想汽车法务部官方微博发文称,近期收到多位车主举报,反映各网络平台集中出现大量针对理 想车主负面评价的误导性信息,极大损害了理想汽车用户形象,致使理想汽车用户线上线下生活遭受严 重侵扰。 责任编辑:王翔 文章指出,经核查,此类负面信息24小时不间断在多平台密集发布,具有多频次、内容高度同质化等特 征,涉嫌有组织的违法犯罪。以8月3日为例,自0时至早7时,仅1个平台就集中出现45篇以《以前真没 注意,理想车主,没有意外,一律乱停车…#理想车主》为主题的相同视频。即便是凌晨时段,大量密 集地攻击仍未收手,直到现在,还未停止。这一行为背后的黑力量,在挑战社会的良知和法律的底线。 理想汽车称,正在固定相关证据,将坚决通过平台投诉、发起民事诉讼、刑事报案等一切法律途径追究 其法律责任,维护广大用户和公司合法权益。 ...
港股开盘 | 恒指高开0.29% 科网股活跃 阿里巴巴(09988)涨超2%
Zhi Tong Cai Jing· 2025-08-07 02:00
Group 1 - The Hang Seng Index opened up 0.29%, with the Hang Seng Tech Index rising 0.27%, indicating a positive market sentiment [1] - Technology stocks were active, with Alibaba rising over 2%, while new energy vehicle stocks showed weakness, exemplified by Xpeng Motors falling nearly 2% [1] - Apple-related stocks performed well, with Hawei Electronics increasing over 5% [1] Group 2 - Huatai Securities reported that the recent pullback in Hong Kong stocks is primarily due to adjustments in internal and external expectations, but the medium-term liquidity easing logic remains unchanged [2] - The report suggests focusing on sectors with improving sentiment and low valuations, particularly emphasizing technology stocks [2] - Short-term trading should revolve around interim report performances, with a focus on gaming and e-commerce leaders that have attractive valuations and improving sentiment [2] Group 3 - Guotai Junan noted that despite a relatively volatile market since late June, Hong Kong technology stocks are still more closely related to current trends in AI applications and new consumption, maintaining their attractiveness [3] - It is expected that major internet companies in Hong Kong will increase capital investment in AI infrastructure in the second half of the year, which may accelerate the progress of large model iterations and AI applications [3] - CITIC Securities highlighted that the behavior of funds determines the structure and mode of rising industries, with a focus on high consensus varieties rather than low-position varieties [3] Group 4 - Ping An Securities (Hong Kong) pointed out that the current Hong Kong market still has low valuations and increasing trading activity under the "profit-making effect," maintaining an optimistic medium to long-term outlook [4] - The report recommends continued attention to technology sectors such as artificial intelligence, robotics, semiconductors, and industrial software, as well as innovative pharmaceutical sectors supported by policy [4]
东吴证券晨会纪要-20250807
Soochow Securities· 2025-08-07 01:34
Macro Strategy - The report analyzes three historical cases of capacity adjustment over a century, providing insights into supply-demand rebalancing: the long depression in the late 19th century in Europe and America, the 1929 Great Depression, and Japan's capacity reduction in the 1970s and 1990s [1][11] - Key conclusions include that capacity imbalance can lead to a negative feedback loop lasting 20-30 years if uncontrolled, and government intervention is more effective than non-intervention in addressing capacity imbalances [1][11] - Effective supply-demand rebalancing requires simultaneous efforts in controlling capacity, restoring credit, and stabilizing employment, rather than relying solely on supply or demand policies [1][11] Fixed Income - The report discusses the micro-guided convertible bond, which has a total issuance scale of 1.17 billion yuan, with net proceeds used for the construction of an intelligent factory for semiconductor thin film deposition equipment [2][12] - The expected listing price range for the convertible bond is between 128.84 and 143.03 yuan, with a predicted subscription rate of 0.0036% [2][12] - The company, Micro-Guided Nano, has shown steady revenue growth with a compound annual growth rate of 71.44% from 2020 to 2024, achieving 2.7 billion yuan in revenue in 2024, a year-on-year increase of 60.74% [2][12] Industry Analysis - The report on Chuanfeng Power highlights the company's leading position in the all-terrain vehicle and motorcycle markets, with three major business segments experiencing rapid growth [3][14] - The investment recommendation maintains a "buy" rating for Chuanfeng Power, anticipating higher valuations due to its significant market position and growth potential across its business segments [3][14] - Jiuhua Tourism is positioned to leverage its unique cultural and natural resources, with projected net profits of 220 million, 240 million, and 270 million yuan from 2025 to 2027, corresponding to price-earnings ratios of 18, 16, and 15 times [4][14] Company-Specific Insights - Crystal Technology has secured a significant contract for drug discovery, with potential payments exceeding 5.89 billion USD, indicating strong future growth prospects [5][16] - The company is expected to achieve revenues of 552 million, 924 million, and 1.503 billion yuan from 2025 to 2027, with a forecasted return to profitability by 2027 [5][16] - Zhongchong Co., a leader in the pet food industry, reported a 42.6% year-on-year increase in net profit for the first half of 2025, driven by strong growth in its proprietary brands [17][18]
全新小鹏P7发布 续航里程最高820公里XIN消费
Qi Lu Wan Bao· 2025-08-07 01:21
小鹏汽车 全新小鹏P7实现3.7秒零百加速,最高车速可达230km/h,基于全域800V高压SiC平台打造,搭载5C超充AI电池, 补能效率大幅跃升——10分钟即可补能525km,10%-80%充电仅需11.3分钟,真正做到了"充电如加油"。全系均有 超长续航,其中长续航版达702km,超长续航版达820km,高性能版也有750km。 8 月 6 日, 2025年8月6日至全新小鹏P7上市日,预订用户可享99元意向金抵扣3000元购车金的权益,同时可与上市权益叠加 使用。 2020年,初代小鹏P7上市,曾是小鹏汽车销量低谷时的招牌车型,也是中国首个突破十万台销售的纯电新势力车 型。如今,全新小鹏P7全系搭载三颗自研图灵AI芯片,整车有效算力达2250TOPS,全球第一。其中两颗驱动智 驾VLA大模型,赋予汽车理解与主动决策能力;另一颗协同8295P芯片驱动智舱VLM大模型。 全新小鹏P7的智能灵动仿生座舱围绕"科技岛仪表台"展开,87英寸追光全景抬头显示、沉浸式运动仪表、Touch Pad智慧触控与运动方向盘共同构建沉浸式AI交互空间。其中,三轴灵动屏采用机器人IRON手腕同款结构,可实 现左右共25°以及上 ...