此次发布会的另一重点则是小鹏汽车的全球化进程。2026款P7+宣布在全球36个国家同步发布，后续还 将在欧洲举行上市活动。 智能化仍是小鹏汽车强调的核心差异化优势。发布会上，小鹏重点介绍了其第二代VLA（视觉语言动 作）大模型和天玑AIOS 6.0系统。第二代VLA被描述为行业首个实现L4初阶能力的物理世界大模型，其 技术特点是去除了传统的"语言转译"环节，旨在实现从视觉信号到控制指令的端到端直接输出。该软件 计划于2026年3月开始向用户推送。 在价格与市场策略上，小鹏延续了"科技平权"的思路，将高算力芯片（图灵AI芯片）及新的智能系统下 探至20万元价位区间的新车型中。例如，P7+的Ultra版宣称搭载了3颗自研图灵芯片。同时，公司公布 了截至2026年3月31日的限时购车权益，包括数千元不等的购车补贴、金融方案、选装基金及充电权益 等，以刺激短期市场需求。 中国青年报客户端讯（中青报·中青网记者 王京辉）1月8日，小鹏汽车在广州举行2026年度全球新品发 布会，正式推出了2026款P7+、G7超级增程版以及新款G6和G9共四款车型。其中，新款P7+与G7超级 增程版的市场价格备受关注，前者起售价为18. ...

Core Viewpoint - Xiaopeng Motors announced that the 2026 models of P7+ and G7 will feature the second-generation VLA system, which includes a self-developed Turing AI chip capable of delivering 2250 TOPS of effective computing power, marking the highest in the industry [1] Group 1: Technology Advancements - The second-generation VLA system shows a 12-fold improvement in model inference efficiency compared to the first generation [1] - The response speed of the second-generation VLA has been upgraded, with a 30% faster recognition of complex road conditions and dynamic obstacle prediction compared to the initial system [1] - The integration with Xiaopeng XNGP enables full-scenario intelligent navigation in urban and highway settings [1] Group 2: Vehicle Design and Features - The 2026 Xiaopeng P7+ features a new technological aesthetic design, including a one-piece star-wing light strip, starry tail lights, a floating roof, and a dual-layer tail wing [1] - The interior of the P7+ includes an 8.8-inch technology island instrument panel and a 29-inch full-scene HUD display, with hidden air conditioning vents and upgraded star waterfall ambient lighting supporting 256-color infinite adjustment [1] - The Xiaopeng G7 Super Extended Range version introduces a new "Starry Purple" exterior color and features a one-piece light strip and 20-inch sporty wheels [1] Group 3: Performance and Specifications - The G7 is positioned as an SUV with a pure electric range of 430 kilometers and a tested CLTC comprehensive range of 1768 kilometers [1] - The vehicle is equipped with 800V+5C supercharging AI battery technology, allowing for a 314-kilometer range to be replenished in just 12 minutes [1]

2025 年，在自动驾驶依旧在持续演进的大框架下，中国智能驾驶行业迎来了一个前所未有的算力变 局。 这一变局产生的关键背景是，从软件算法的角度，在整个行业完成面向「端到端」的技术范式演变之 后，各个重要玩家在 2025 年又陷入到一个明显的软件算法路线纷争中。但是，到目前为止，至少在中 国市场，无论是 VLA，还是世界模型，都还无法彻底证明其在最终用户体验层面的碾压性优势。 但更重要的变局支点，在于高阶智驾商业落地层面的分化。 比如，以城市 NOA 为核心产品的高阶智驾，在不同的价格带中呈现出 K 字型的分化，智驾平权和高端 向上这两条截然不同的车型价值线，都在市场竞争的裹挟下混杂其中。这带来了整个行业在高阶智驾的 车端算力落地维度上，不可避免地走向碎片化。 值得一提的是，基于智能驾驶技术的持续演变，也有玩家已经从 L2 出发面向归属于 L4 体系的 Robotaxi 布局——在这种情况下，云端算力加持的作用越来越明显。 当然，在上述一系列看似混沌的变化背后，也存在着一个相对清晰的底层逻辑：算力越来越成为智能驾 驶发展的核心要素。 实际上，如果从技术演变、商业落地和产业分化的多个维度综合观察，我们可以从混沌的 ...

Core Insights - Xiaopeng Motors has become the third domestic company to obtain an L3 autonomous driving road test license in China, marking a significant step towards commercial application of L3 autonomous driving technology [2][3] Group 1: License Acquisition and Testing - On December 16, Xiaopeng Motors announced it has received an L3 autonomous driving road test license in Guangzhou, enabling regular L3 road testing on designated high-speed roads [2][3] - The L3 license allows vehicles to operate independently in specific environments, contrasting with L2, which requires constant driver supervision [3] - Xiaopeng Motors is now positioned alongside Changan and BYD, who have also received similar testing qualifications [3] Group 2: Technological Advancements - Xiaopeng Motors aims for L4 level autonomous driving, with plans to launch vehicles equipped with L4 capabilities by 2026 [4] - The second-generation VLA software, expected to be mass-produced in Q1 2026, will feature a novel architecture that eliminates the "language translation" step, allowing direct generation of action commands from visual signals [4] - From Q3 2025, Xiaopeng's Ultra models will incorporate three self-developed Turing AI chips, achieving a computing power of 2250 TOPS [4] Group 3: Competitive Landscape - The competition between Xiaopeng and Tesla is intensifying, with Xiaopeng's founder, He Xiaopeng, publicly challenging Tesla's FSD capabilities [5][6] - He Xiaopeng has acknowledged that while the first version of Xiaopeng's VLA does not fully match Tesla's FSD V14.2, the upcoming VLA 2.0 is expected to significantly improve performance [6] Group 4: Market Outlook - The next decade is anticipated to be pivotal for L3 autonomous vehicles, with expectations of broader L4 applications [7] - The penetration rate of advanced driver-assistance systems (ADAS) is projected to exceed 40% by 2026, driven by the increasing adoption of high-end domestic chips [7] - As of the first nine months of 2025, the penetration rate for L2++ and above advanced driving assistance systems reached 25.01% [7]

Core Insights - The release of Horizon's fourth-generation BPU architecture "Riemann" and the successful listing of Naxinwei on the Hong Kong stock market highlight the innovative momentum in China's automotive chip industry [2] - The automotive chip industry in China is transitioning from initial development to significant growth, driven by policy standards, core technology advancements, and market applications [2] Industry Developments - The upgraded "Automotive Chip Certification Review Technology System 2.0" was launched, featuring a comprehensive framework with 9 modules and 60 indicators, covering 10 categories of automotive chips for new energy vehicles [2][3] - The implementation of this certification system has improved quality control for chip manufacturers and reduced vehicle manufacturers' selection risks and costs, shortening the onboarding cycle by an average of 3 months [3] Market Performance - Chip manufacturers like Chipone and Horizon are achieving significant milestones, with Chipone's KungFu automotive-grade MCU deliveries surpassing 200 million units and Horizon's HSD system being integrated into more affordable vehicle models [3][9] - The domestic automotive chip industry has seen a rise in the number of companies, with over 1,000 firms involved in the supply chain, and a significant increase in the domestic chip application rate, which is projected to reach 20% by the end of 2024 [5][8] Competitive Landscape - Local companies are rapidly gaining market share in the mid-to-low-end automotive chip market, while high-end markets remain dominated by foreign giants [11] - The collaboration between automotive chip companies and vehicle manufacturers is fostering innovation and enhancing the reliability of domestic chips, which is crucial for market penetration [11][17] Future Opportunities - The automotive chip sector is viewed as a critical growth area, with companies exploring new applications in the robotics industry, which is expected to see significant growth in the coming years [12][14] - The integration of automotive chips with intelligent systems is seen as a pathway for companies to overcome existing growth bottlenecks and explore new market opportunities [14][15] Challenges Ahead - Despite progress, the domestic automotive chip industry still faces challenges, including a reliance on foreign technology for high-end chips and the need for a more robust supply chain [15][16] - The industry must focus on building a comprehensive ecosystem that includes software development capabilities alongside hardware reliability to meet the evolving demands of the automotive market [17]

Core Insights - Xiaopeng Motors has demonstrated a significant turnaround, achieving a revenue of 20.38 billion yuan in Q3, a year-on-year increase of 100%, and a record delivery of 116,000 vehicles, with a gross margin of 20.1% [2] - The company has evolved from a struggling new energy vehicle manufacturer to a global provider of physical AI infrastructure, indicating a shift in its business model and market perception [2] Financial Performance - Q3 revenue reached 20.38 billion yuan, doubling from the previous year [2] - The delivery volume of 116,000 units marks a historical high for the company [2] - The gross margin of 20.1% signifies a transition to a more stable and profitable business model [2] Valuation Perspective - Major investment banks are adopting the Sum of the Parts (SOTP) valuation method for Xiaopeng, recognizing its diverse business segments beyond traditional automotive metrics [3][4] - The company is now viewed as a technology entity rather than just an automotive manufacturer, similar to how Tesla was re-evaluated in the past [5] Business Segments - Xiaopeng's operations are divided into four key segments: 1. Automotive business, providing stable cash flow [4] 2. AI chips, which support future AI computing needs [4] 3. Robotaxi services, representing a recurring revenue model [4] 4. Humanoid robots and flying cars, seen as the ultimate form of embodied intelligence [4] Strategic Moves - The introduction of the Kunpeng Super Range Extender is a tactical decision to expand market reach and data collection capabilities, addressing range anxiety for consumers [6][9] - The company is focusing on building a comprehensive data network through its vehicles to enhance AI model training [9] Technological Advancements - Xiaopeng is developing a self-research Turing AI chip, which serves as a universal brain for various intelligent terminals, including cars and robots [10] - The second-generation VLA model allows for a more intuitive AI driving experience, reducing costs and enhancing the feasibility of Robotaxi services [12] Ecosystem Development - Xiaopeng is shifting towards an ecosystem approach, collaborating with major players like Volkswagen and opening its Robotaxi and humanoid robot SDKs to the industry [14][16] - The company aims to position itself as a foundational technology provider in the physical AI space, similar to Android in the software domain [16] Global Expansion - Xiaopeng's overseas strategy has evolved to include local production and R&D in Europe, with Q3 overseas sales doubling, indicating a successful adaptation to global markets [16] Future Outlook - The company is poised for significant developments by 2026, with plans for Robotaxi trials, humanoid robot production, and flying car deliveries, potentially transforming its revenue streams [13] - Xiaopeng's vision of becoming a global embodied intelligence company is supported by its strong cash reserves and technological advancements [18]

Core Insights - The Chinese automotive chip industry is undergoing a significant restructuring driven by the global wave of intelligent driving, with a focus on chip autonomy and technological discourse [1] - International automotive companies are increasingly viewing the Chinese market as a strategic area for chip deployment, as evidenced by the partnership between Volkswagen Group's CARIAD and Chinese tech company Horizon Robotics to establish a joint venture for chip design [1] - The push for domestic chip production is expected to accelerate, with a reported increase in the localization rate of automotive chips to around 15% by 2024 for independent brands, and some leading companies exceeding 40% [2][4] Industry Trends - The demand for high-performance chips is rising as automakers seek to enhance intelligent driving experiences, creating opportunities for breakthroughs in the chip sector [2] - New Chinese automotive players are rapidly advancing their self-developed chips, with companies like XPeng and NIO achieving significant milestones in chip production and performance [2] - Traditional automakers are opting for investment or collaboration strategies to enter the smart driving chip market, with examples including Geely's establishment of Yika Technology and Dongfeng's formation of a chip innovation consortium [3] Market Performance - The Chinese automotive chip industry is showing strong growth, with domestic companies now capable of covering a wide range of chip categories, particularly in analog chips [4] - The increasing localization of chip production is seen as a critical step for the industry to enhance competitiveness against international counterparts [4] Challenges - The self-development of chips presents significant challenges, including high costs, rapid technological changes, and the need for tailored solutions to meet unique market demands in China [5][6] - There is a shortage of skilled talent in chip design, complicating the self-development efforts of automotive companies [7] - Collaboration and resource allocation within teams can hinder the efficiency of chip development projects [7] Strategic Recommendations - The Chinese automotive chip industry should focus on building a complete industrial chain and mastering core technologies to ensure self-sufficiency [8] - Encouraging domestic automakers to increase their procurement of local chips and gradually replace imported ones is essential for industry growth [8] - A collaborative approach across the industry is necessary to overcome challenges and expand the scale of the automotive chip sector [8][9]

Core Viewpoint - The automotive industry is experiencing a significant demand for high-reliability and high-safety chips due to the ongoing development of automotive intelligence, necessitating a unified quality evaluation system for the large-scale application of domestic automotive chips [1] Industry Pain Points - The automotive chip industry is facing challenges such as non-unified standards, high verification costs, insufficient testing coverage, and a lack of trust systems, which have emerged as the industry transitions from technical validation to large-scale implementation [2][3] - Different admission requirements among automakers lead to repeated testing and adaptation for the same chip, increasing both development costs and time for chip manufacturers and automakers alike [2] - The absence of a comprehensive review mechanism covering the entire "chip-system-vehicle" chain makes it difficult to meet quality, safety, and reliability needs, particularly affecting small and medium-sized chip design companies [3] Multi-layered Effects - The upgraded "2.0 version" of the automotive chip certification review system aims to establish a unified trust foundation for the automotive chip industry, potentially reducing costs and enhancing efficiency [4] - The new system includes nine modules and sixty indicators, covering ten categories of automotive chips in five domains of new energy vehicles, promoting systematic and standardized certification [4] - For chip manufacturers, this system acts as a valuable "pass" that significantly lowers communication and repeated testing costs when entering various automaker supply chains [4][5] Industry Development Acceleration - The domestic automotive chip industry is entering a new phase of rapid development, driven by the increasing requirements for computing power, perception capabilities, and system safety from automakers [6] - Automakers are accelerating the iteration and mass production of self-developed chips, with companies like NIO and XPeng making significant advancements in their chip technologies [6] - New players in the smart driving chip sector are emerging, with companies like Chipida achieving substantial production milestones and entering the supply chains of major automakers [6] Future Outlook - The upgrade of the automotive chip certification review system is expected to provide better quality assurance for domestic automotive chips and facilitate smoother collaboration among automakers, chip manufacturers, and ecosystem partners [7] - As the system is further promoted, the domestic automotive chip industry is likely to enhance its quality, efficiency, and innovation capabilities, gaining a stronger position in the global smart driving development wave [7]

Core Insights - XPeng Motors showcased multiple popular models, including the XPeng X9 Super Range Extender, at the 2025 Guangzhou International Auto Show, emphasizing the theme "AI Changes the World" [1] - The company celebrated the production of its one millionth vehicle, achieving this milestone in just 14 months from the previous 500,000 units [1][5] - The XPeng X9 Super Range Extender is positioned as the "world's longest-range large seven-seater," with two versions priced at 309,800 CNY and 329,800 CNY [1] Product Strategy - XPeng aims to initiate a "dual-energy" product cycle with the XPeng X9 Super Range Extender, planning to launch seven models with super range extender configurations by 2026 [2] - The first three super range extender models will debut in the first quarter of 2026, addressing user pain points with longer electric range and faster charging [2] - The XPeng P7+ will be launched in overseas markets in January 2026, with domestic deliveries surpassing 85,000 units in its first year [2] Technological Advancements - The second-generation VLA model in the XPeng X9 Super Range Extender is expected to facilitate a transition from L2 to L4 autonomous driving capabilities [3] - XPeng has made significant advancements in robotics, showcasing the new generation IRON robot, with plans for mass production and a target of over one million units sold by 2030 [4] Market Performance - From January to October 2023, XPeng delivered a total of 355,209 vehicles, marking a 190% year-on-year increase, with overseas deliveries reaching 34,712 units, up 106.7% [4] - The global sales and service network has expanded to cover 52 countries and regions, with 690 stores in China and 321 in overseas markets [4] Charging Infrastructure - XPeng's global charging network includes over 2.58 million charging points across 31 countries, with more than 2,810 self-operated stations in China [5] - The company plans to establish over 1,000 ultra-fast charging stations in key European and Asia-Pacific markets over the next three years [5]

Core Insights - The event surrounding the unveiling of the IRON humanoid robot by XPeng Motors has transcended technical debates, evolving into a broader discussion about trust, technology, and the future of the automotive industry [1][5] - XPeng's efforts to validate the IRON robot reflect a significant shift in the automotive sector, moving from traditional competition focused on hardware to a comprehensive transformation towards building future transportation ecosystems [1][4] Industry Transformation - The automotive market has shifted from hardware-centric competition, exemplified by brands like Volkswagen and Toyota, to a landscape where electric and intelligent vehicles dominate, allowing new entrants to redefine competition [2][3] - XPeng's product matrix, including the X9 range-extended vehicle and the IRON robot, showcases a cross-disciplinary approach that integrates AI and sensor technologies, indicating a move towards a holistic mobility service provider model [2][3] Technological Integration - The underlying logic of automotive companies venturing into robotics is based on decades of technological accumulation in areas such as intelligent control and multi-sensor integration, which align with the core needs of humanoid robots [3] - XPeng's commitment to full-stack self-research, from AI chip design to material development for the IRON robot, exemplifies a high level of control and innovation, enabling precise coordination of the robot's movements [3] Competitive Landscape - The trend of multi-dimensional strategies in the automotive industry is not unique to XPeng; other companies like Hyundai and Chery are also integrating robotics into their operations, indicating a collective industry shift [4] - The future competitiveness of automotive companies will hinge on their ability to create a complete ecosystem that combines hardware, software, and service scenarios, moving beyond mere vehicle sales [4][5] Conclusion - The process of validating the IRON robot serves as a metaphor for the automotive industry's broader transformation, emphasizing the need for innovation and adaptability in the face of skepticism [5]