Core Insights - Xiaopeng Motors reported a total delivery of 20,011 vehicles in January 2026, which is expected to reduce carbon emissions by approximately 300,000 tons compared to traditional fuel vehicles, equivalent to the carbon absorption of 4.94 million medium-sized trees over ten years [2] Group 1: Sales Performance - The Xiaopeng X9 model continues to perform strongly, with 4,219 units delivered in January, representing a year-on-year increase of 413.9%. Cumulatively, the X9 has delivered 51,897 units, making it the fastest MPV among new domestic brands to surpass 50,000 units [3] Group 2: New Product Launches and Technology Upgrades - On January 8, Xiaopeng Motors launched the 2026 models including the P7+, G7 Super Range, G6, and G9, all featuring the second-generation VLA, which is the industry's first physical world model capable of L4-level autonomy, set to be pushed to users in the first quarter [4] Group 3: Global Expansion - The Xiaopeng P7+ was launched simultaneously in 36 countries, including China, and made its European debut at the Brussels Auto Show, with a starting price of €43,990. Deliveries are planned to begin in April across 25 European markets. By the end of 2025, Xiaopeng aims to be present in 60 countries with over 1,000 sales outlets [5] Group 4: Government Support and Financial Backing - Xiaopeng Motors received attention from the Guangzhou municipal government, with a visit from key officials to understand the company's technological innovations. Additionally, a strategic cooperation agreement was signed with the Industrial and Commercial Bank of China, providing a credit line of 10 billion yuan to support various business operations [6] Group 5: Public Engagement and Experience - The "Xiaopeng AI Technology Manufacturing Journey" was opened to the public, allowing individuals to book visits to the company's global headquarters and manufacturing bases, showcasing advancements in AI automotive technology and robotics [7]

小鹏第二代VLA正在训练面向L4自动驾驶的更多能力，搭载小鹏第二代VLA软件的Robotaxi已经通过第三方测试机构场地测试，即将开始公开道路测 试。小鹏标准车型与Robotaxi共享同一套第二代VLA模型底座与能力演进路径。 1月8日，小鹏汽车发布2026款P7+、G7超级增程、G6和G9。其中，2026款小鹏P7+在全球36国同步发布，提供超级增程和纯电两种能源形式，售价 18.68万元起；2026款小鹏G7推出四个版本，售价19.58万元起；2026款小鹏G6推出纯电625 Max科技版和625 Max旗舰版，指导价17.68万元和18.68万元； 2026款小鹏G9推出纯电625 Max、725 Max和680 四驱Max版，售价24.88万元-27.88万元。 第二代VLA+天玑AIOS 6.0驱动智能驾驶与座舱体验质变 2026小鹏全球新品发布会的四款车型中，Ultra和Ultra SE版均将搭载小鹏自研第二代VLA。小鹏第二代VLA创新性地去掉了"语言转译"环节，实现从视 觉信号到动作指令的端到端直接生成，让物理AI可以直接看到并理解现实世界。据悉，第二代VLA将于2026年3月开启首批车辆推送 ...

经历了2024年的战略调整后，小鹏汽车于2025年发力竞速物理AI。随着2026年到来，公司做好"有准备 的增长"：在技术端，物理AI成果将陆续落地；在产品端，7款新车构建从入门到高端的矩阵，并借 助"一车双能"撬动更多市场份额。 "既有产品矩阵，也有大单品"成为重要特征。小鹏X9超级增程上市1小时打破历史大定纪录。 据乘联会数据，2025年上半年国内增程车零售销量为53.8万辆，同比增长16.5%，市场占比约9.8%。 2026年，包括宝马、广汽等在内的众多玩家将竞相推出增程产品，市场将迎来供给侧爆发。 同时，理想等传统增程车企进军纯电市场，这表明汽车动力路线的争论已告一段落，多元协同成为行业 共识。 "物理AI世界的出行探索者，面向全球的具身智能公司"，这是小鹏的全新定位，因此也被市场称为最像 特斯拉的中国公司。伴随着AI应用从实验室走向商业化、技术赋能规模化成为利润源，如何构建新护 城河，成为摆在小鹏面前的新课题。 梳理看来，小鹏手握"一车双能"、"跳级L4"、"全球扎根"三张底牌，今年借此开启进击模式。小鹏如何 在AI与出行的新赛道里，把自己变成下一个定义游戏的人，考验运营智慧。 重新定义增程市场 今 ...

Core Insights - Xiaopeng Motors launched four new models at its global product launch on January 8, 2026, marking a significant push into the electric vehicle market with a focus on advanced technology and competitive pricing [4][6] - The company aims to leverage its VLA2.0 intelligent driving technology and Kunpeng super-range system to enhance its market position amidst a slowing automotive market [4][7] Group 1: Product Launch and Technology - The new models include the 2026 Xiaopeng P7+, G7 super-range, G6, and G9, priced between 170,000 to 270,000 yuan, showcasing a comprehensive attack on the electric vehicle market [4] - VLA2.0 technology, which eliminates traditional language translation steps, allows for direct conversion of visual information from cameras into vehicle control commands, enhancing the driving experience [4][5] - The VLA2.0 system has been trained on 1 billion kilometers of data and is expected to enable L3 level autonomous driving capabilities by March 2026 [5] Group 2: Market Strategy and Pricing - Xiaopeng's pricing strategy aims to position its vehicles as "smart-first" options in the 200,000 yuan market, offering advanced features at competitive prices [6] - The P7+ super-range version starts at 186,800 yuan, while the G7 super-range version starts at 195,800 yuan, both featuring high-end intelligent driving and fast-charging capabilities [6] - The company plans to cover a broader user base with its four-car strategy, addressing previous limitations in product diversity and enhancing market competitiveness [6][7] Group 3: Market Outlook and Challenges - The automotive market is expected to face significant pressure in 2026, with a projected 1% growth in retail sales and a 13% increase in new energy vehicle sales, down from 17.6% in 2025 [4][7] - Xiaopeng Motors aims to differentiate itself through technology and product strength, focusing on L4 level intelligent driving technology and range extension to alleviate consumer concerns about battery life [7] - Despite achieving significant growth in overseas sales, the company has yet to achieve profitability, and ongoing high R&D investments continue to exert pressure [7]

Core Viewpoint - Xiaopeng Motors is preparing for an IPO of its flying car division in Hong Kong, having engaged JPMorgan and Morgan Stanley for the process, with a potential completion as early as this year [1] Group 1: Stock Performance - Xiaopeng Motors' stock rose by 2.04% to HKD 80.15, with a trading volume of HKD 1.318 billion [1] Group 2: IPO Plans - The company has secretly submitted its IPO application for the flying car division, with plans to complete the process within the year [1] - JPMorgan and Morgan Stanley have been selected to assist in the IPO preparations [1] Group 3: Product Launches - On January 8, Xiaopeng Motors unveiled multiple new models and technology updates at its 2026 Spring Product Launch, including the 2026 P7+, G7 Super Extended Range, G6, and G9 [1] - CEO He Xiaopeng announced that these new vehicles will feature the second-generation VLA (Vision-Language-Action) large model, which is the first in the industry to achieve L4-level initial capabilities [1] Group 4: Future Developments - The company plans to implement physical AI and scale production this year, including the operation of Robotaxi services, humanoid robots, and flying cars [1]

Core Viewpoint - XPeng Motors has engaged banks to assist its flying car division in preparing for an IPO in Hong Kong, with plans to submit a confidential listing application, potentially completing the process within this year [1] Group 1: Stock Performance - XPeng Motors-W (09868) saw a late-session increase of over 2%, after initially dropping more than 2% earlier in the day, closing at HKD 80.15 with a trading volume of HKD 1.318 billion [1] Group 2: IPO Plans - The company has selected JPMorgan and Morgan Stanley to prepare for its IPO [1] - The IPO is part of XPeng's strategy to expand its flying car division, with a confidential application already submitted [1] Group 3: Product Launches - On January 8, XPeng Motors announced multiple new models and technology updates during its 2026 Spring product launch, including the 2026 P7+, G7 Super Extended Range, G6, and G9 [1] - CEO He Xiaopeng stated that these new vehicles will feature the second-generation VLA (Vision-Language-Action) large model, marking a significant advancement in the industry [1] - The company plans to implement physical AI and scale production of Robotaxis, humanoid robots, and flying cars this year [1]

Core Insights - Xpeng Motors launched four significant models at the 2026 global product launch, emphasizing the "oil-electric, seamless pure electric" experience and the concept of "technology equality" [1][3] Model Highlights - The 2026 Xpeng P7+ offers both super extended range and pure electric options, starting at a price of 186,800 yuan. It features a 49.2 kWh 5C supercharging AI battery, achieving a CLTC comprehensive range of 1,550 km and a pure electric range of 430 km. The vehicle also boasts an 88% space utilization rate and meets dual five-star safety standards [3][4] - The Xpeng G7 Super Extended Range starts at 195,800 yuan, setting a global SUV range record with a CLTC comprehensive range of 1,704 km and a pure electric range of 430 km. It supports 800V 5C supercharging, allowing for a 314 km charge in just 12 minutes [3] - The 2026 Xpeng G6 is priced from 176,800 yuan, featuring high-performance Turing AI chips and a 5C battery with an 800V high-voltage platform. The G9, positioned as a luxury AI SUV, starts at 248,800 yuan and includes advanced features like dual-chamber air suspension [4] Technology Advancements - All four models are equipped with Xpeng's self-developed second-generation VLA physical world model, enabling L4 basic autonomous driving capabilities. The new Dimensity AIOS 6.0 system enhances the user experience with 3D lane-level navigation and proactive service capabilities [6] - In 2025, Xpeng Motors achieved cumulative global deliveries of 429,445 units, marking a 126% year-on-year growth, solidifying its position as a leader in intelligent mobility [6]

Core Insights - The launch of the new P7+ and G7 Super Extended Range models marks a significant advancement in Xpeng's technology, featuring the latest Kunpeng Super Extended Range technology that achieves a global record in range while maintaining price parity with pure electric models, allowing users to enjoy both long range and flexible refueling without additional costs [1][4][5] Product Launch and Features - On January 8, Xpeng officially unveiled four new models for 2026, including the P7+, G7 Super Extended Range, G6, and G9, emphasizing breakthroughs in dual energy and smart upgrades [2] - The G7 Super Extended Range features a leading 55.8 kWh battery and a 60L fuel tank, achieving a CLTC comprehensive range of 1704 km and a pure electric range of 430 km. The P7+ Super Extended Range boasts a pure electric range of 430 km and a comprehensive range of 1550 km, with energy consumption rates of 10.9 kWh/100 km in pure electric mode and 12.5 kWh/100 km in extended range mode, both leading in its class [4][5] Technological Advancements - The new models support a "pay to upgrade" option for enhanced AI capabilities, allowing users to experience the second-generation VLA technology, which includes options for different AI chip configurations to meet varying user needs [8] - The second-generation VLA model represents a breakthrough in physical AI, eliminating the "language translation" step and enabling direct generation of action commands from visual signals, positioning Xpeng as a leader in the industry with L4 capabilities [7][8] Global Strategy and Market Performance - Xpeng's global delivery volume reached 45,000 units in 2025, a 96% year-on-year increase, with plans to expand into more countries and regions, enhancing local R&D and manufacturing capabilities [8][9] - The company aims to launch four new global SUV models in 2026, further solidifying its presence in both left-hand and right-hand drive markets [9] Strategic Vision for 2026 - The year 2026 is identified as a pivotal year for Xpeng, focusing on the transition from "steady progress" to "strategic breakthroughs," with an emphasis on strengthening market foundations and advancing from software to AI paradigms [10][11] - The CEO expressed confidence in achieving significant growth in 2026, despite current market pressures, viewing the situation as an opportunity to focus on technological advancements and global expansion [11][12]

Core Insights - Xiaopeng Motors has officially entered a dual technology path of "pure electric + range extender" with the launch of multiple new models and technology updates at its 2026 Spring Product Launch, including the 2026 P7+, G7, G6, and G9 [1][2] Product Launch and Pricing - The 2026 P7+ and G7 are available in both pure electric and range extender versions, with starting prices of 186,800 RMB and 195,800 RMB respectively; the G6 starts at 176,800 RMB, and the G9 starts at 248,800 RMB [1] - The P7+ range extender version has a CLTC pure electric range of 430 km and a comprehensive range of 1,550 km, while the G7's comprehensive range reaches 1,704 km [8][10] Technological Advancements - Xiaopeng has introduced the second-generation VLA model, which eliminates the "language translation" step, allowing direct generation of control commands from visual signals, enhancing the system's ability to handle complex scenarios [2][3] - The second-generation VLA is trained on approximately 100 million real road videos, equating to thousands of years of human driving experience, and operates with a maximum computing power of 2,250 TOPS [2][3] Market Strategy and Global Expansion - Xiaopeng's "super range extender" strategy aims to expand the market reach, with the X9 super range extender achieving a record delivery of 5,424 units in December [8][12] - The company has reported a 126% year-on-year increase in global deliveries, totaling 429,400 units in 2025, and has entered 60 countries, establishing a presence in multiple European markets [12] Localization and Charging Infrastructure - Xiaopeng is focusing on local R&D and production, with nine global R&D centers and several overseas production projects underway, positioning the P7+ as the first "global car" [12] - The charging network has expanded to cover 31 countries and regions, with over 2.66 million public charging stations and a self-operated network in over 430 cities [12]

Core Insights - Xiaopeng Motors launched four new models at the 2026 global product launch, including the 2026 P7+, G7, G6, and G9, expanding its range of extended-range vehicles [1][4] - The company is adopting a "large battery + large fuel tank + ultra-fast charging" strategy for its extended-range products, with the P7+ and G7 offering significant total ranges [1][3] - Xiaopeng's second-generation VLA (Virtual Large Model) technology is set to enhance its autonomous driving capabilities, with plans for public road testing of Robotaxi soon [2][3] Product Launch Details - The 2026 P7+ is priced between 186,800 to 198,800 yuan, while the G7 is priced between 195,800 to 205,800 yuan, and the G6 ranges from 176,800 to 186,800 yuan [1] - The G9 has three pure electric versions priced between 248,800 to 278,800 yuan [1] - The P7+ and G7 both have a pure electric range of 430 km, with total ranges of 1550 km and 1704 km respectively [1] Technology Advancements - The Ultra and Ultra SE versions of the new models feature self-developed second-generation VLA and advanced AI chips, enhancing their autonomous driving capabilities [2] - The second-generation VLA eliminates the "language translation" step, allowing for direct generation of action commands from visual signals [3] - The company aims to broaden the upper limits of technology while addressing the challenges faced in the past three years [3] Market Strategy - Xiaopeng's sales in overseas markets reached 45,008 units in 2025, a 96% increase, indicating a strong push for globalization [5][6] - The company has established a presence in 60 countries and regions, with local production projects in Germany, Indonesia, and Malaysia [6][7] - The strategy includes expanding into western and northern markets, as well as lower-tier markets in China [7][8] Future Plans - In 2026, Xiaopeng plans to introduce four new global SUV models and enhance its global supply chain management [7][8] - The company anticipates that its overseas growth rate will surpass domestic growth in the coming year [7]