1.【小鹏X9超级增程下周亮相】10月31日小鹏汽车宣布，小鹏X9超级增程将于下周亮相。虽然未明 确具体日期，但预计为11月5日——即"2025小鹏科技日"举办当天。小鹏汽车称，X9超级增程是"全 球续航最长大七座"，CLTC综合续航达1602公里。月初披露的信息显示，该车还搭载三颗自研 Turing AI智驾芯片及一颗高通骁龙8295P座舱芯片，小鹏宣称这是全球AI算力最强的大型七座车 型，智能驾驶算力达2250 TOPS，相当于九颗英伟达Orin-X芯片的算力水平。（电车界） 2. 【何小鹏曾找罗永浩做飞行汽车负责人】10月31日，据媒体报道，小鹏汽车董事长、CEO何小鹏 近日在接受采访时表示，曾经找过罗永浩，想让他做飞行汽车项目的负责人。他回忆称，当时跟罗永 浩提起这个事情时，对方说想了很久，罗永浩认为这是一个很难、很酷、但他很喜欢的事情，还问过 自己为什么要选他。 何小鹏表示，当时飞行汽车是一个全新的行业，它要有硬件逻辑、要有政策的思考、要有很强的市场 导向、还要具备不错的企业运营能力。但中国在这一块儿的人又特别少，要拥有这四个能力还要把市 场做得好。而罗永浩是难得人选，因其既懂硬件软件，又通晓企业与 ...

每经记者：孙磊每经编辑：陈柯名,余婷婷 10月28日，新款极狐阿尔法T5迎来上市，新车定位中型SUV，并首次搭载增程式动力系统，成为该品牌旗下首款采用该动力形式的车型。 无独有偶，小鹏汽车宣布小鹏X9超级增程将在11月亮相，同样使用增程动力的广汽埃安i60也将在11月发布。值得一提的是，这也是两个品牌首次推出增 程车型。 据《每日经济新闻》记者不完全统计，截至2025年，已发布或计划上市的增程式新车突破20款，增程赛道正吸引越来越多玩家入局，尚未布局的车企已所 剩无几。 但与车企布局增程车型的热情相比，当下增程车市场已出现涨幅放缓的情况。面对新的变化，刚入局的增程车型还有机会吗？ 增程车销量"涨不动了" 与理想汽车、问界等品牌在多年前布局增程车市场不同，当下的增程车市场已出现了销量"涨不动"的状况。 根据乘联分会方面的数据，9月，我国纯电动车型的批发销量为94.7万辆，同比增长32.4%，环比增长16.2%；狭义插混车型的销量为42.4万辆，同比增长 8.4%，环比增长13.1%；增程车型的批发销量为12.9万辆，同比增长8.7%，环比增长24.1%。 从上述数据可见，增程车型的同比增速明显不及同期纯电动车型 ...

每经记者｜孙磊 每经编辑｜陈柯名 余婷婷 10月28日，新款极狐阿尔法T5迎来上市，新车定位中型SUV，并首次搭载增程式动力系统，成为该品牌旗下首款采用该动力形式的车型。 图片来源：极狐汽车官网 无独有偶，小鹏汽车宣布小鹏X9超级增程将在11月亮相，同样使用增程动力的广汽埃安i60也将在11月发布。值得一提的是，这也是两个品牌首次推出增 程车型。 据《每日经济新闻》记者不完全统计，截至2025年，已发布或计划上市的增程式新车突破20款，增程赛道正吸引越来越多玩家入局，尚未布局的车企已所 剩无几。 但与车企布局增程车型的热情相比，当下增程车市场已出现涨幅放缓的情况。面对新的变化，刚入局的增程车型还有机会吗？ 增程车销量"涨不动了" 与理想汽车、问界等品牌在多年前布局增程车市场不同，当下的增程车市场已出现了销量"涨不动"的状况。 根据乘联分会方面的数据，9月，我国纯电动车型的批发销量为94.7万辆，同比增长32.4%，环比增长16.2%；狭义插混车型的销量为42.4万辆，同比增长 8.4%，环比增长13.1%；增程车型的批发销量为12.9万辆，同比增长8.7%，环比增长24.1%。 从上述数据可见，增程车型的同比 ...

10月28日，新款极狐阿尔法T5迎来上市，新车定位中型SUV，并首次搭载增程式动力系统，成为该品牌旗下首款采用该动力形式的车型。 图片来源：极狐汽车官网 无独有偶，小鹏汽车宣布小鹏X9超级增程将在11月亮相，同样使用增程动力的广汽埃安i60也将在11月发布。值得一提的是，这也是两个品牌首次推出增程 车型。 据《每日经济新闻》记者不完全统计，截至2025年，已发布或计划上市的增程式新车突破20款，增程赛道正吸引越来越多玩家入局，尚未布局的车企已所剩 无几。 每经记者｜孙磊 每经编辑｜余婷婷 根据乘联分会方面的数据，9月，我国纯电动车型的批发销量为94.7万辆，同比增长32.4%，环比增长16.2%；狭义插混车型的销量为42.4万辆，同比增长 8.4%，环比增长13.1%；增程车型的批发销量为12.9万辆，同比增长8.7%，环比增长24.1%。 从上述数据可见，增程车型的同比增速明显不及同期纯电动车型。而回望2024年全年，插混车型以83.3%的同比增幅一骑绝尘；增程车型也达到78.7%的高 增长，同期纯电动车仅有15.5%的温和增速。 | | | | 新能源市场-2025年9月产量、批发分析表 | | | | ...

Investment Rating - The report maintains a "Recommended" rating for the automotive industry, indicating a positive outlook for the sector's fundamentals and expectations for the industry index to outperform the benchmark index [32]. Core Insights - The automotive industry experienced an overall increase of 3.0% from October 19 to October 25, 2025, with significant growth in various segments, particularly in automotive parts and services [2][11]. - The "Energy-saving and New Energy Vehicle Technology Roadmap 3.0" was released, outlining six major goals for the automotive industry by 2040, with 2025 marking a critical starting point for China's automotive industry to become a global leader [24][25]. - The volume of applications for the vehicle replacement subsidy program exceeded 10 million, with over 340 million applications for scrapping and more than 660 million for replacement, significantly stimulating domestic demand and promoting green transformation in transportation [26]. Market Performance Overview - The automotive sector's secondary segments saw notable increases, with automotive parts and services rising by 4.0% and 3.9%, respectively, while commercial vehicles also showed a 3.0% increase [11]. - Individual stocks within the automotive sector mostly rose, with notable gainers including Biao Bang Co. (+23.2%), Ao Lian Electronics (+18.3%), and Qingdao Double Star (+16.6%) [15]. Industry Dynamics - Key developments include the official announcement of the Xiaopeng X9 super range extender targeting the global market, and the successful delivery of over 40,000 units of the Lynk & Co 900 model within five months of its launch [24][26]. - Companies like SAIC Group are investing in multiple tech firms to enhance their smart electric vehicle ecosystem, while GAC and Huawei are set to launch a new brand's first model in mid-2026 [28][29]. Investment Recommendations - The report recommends focusing on companies with strong sales performance or potential blockbuster vehicles, such as BYD, Seres, Great Wall Motors, and JAC Motors, while also keeping an eye on key partners like BAIC Blue Valley and Changan Automobile [2][11]. - In the commercial vehicle segment, recommended stocks include Yutong Bus, China National Heavy Duty Truck Group, and Weichai Power, while in the parts sector, companies like Fuyao Glass and Xingyu Automotive are highlighted for their cost and product advantages [2][11].

Core Insights - Xiaopeng Motors is set to launch its first super range-extended model, the Xiaopeng X9, which aims to address the diverse infrastructure and customer needs across different global regions [1][3] - The company is transitioning into a "dual-energy" product cycle, with plans to complete the overseas launch of its super electric vehicle by the second half of 2026 [1] Group 1 - The Xiaopeng X9 features a large battery of 63.3 kWh and a fuel tank of 60 liters, providing a comprehensive range of 1,602 kilometers for this seven-seater model [3] - CEO He Xiaopeng emphasized the necessity of adopting different technological routes to meet global user demands, especially in regions with inconvenient charging infrastructure [1][3] - The announcement of the super range-extended vehicle follows the company's previous commitment to a super range plan made last year [1]

小鹏X9超级增程，面向全球的下一代增程产品，终于来了！ 去年我们宣布超级增程计划后，很多朋友问我：做了十年纯电的小鹏，为什么还要做增程？ 首先，小鹏是一家面向全球的AI汽车公司，而全球当前不同区域的基础设施、客户需求和政策法规都 有不同，我们必须用不同的技术路线，满足全球用户的需求。 其次，只有真正具备做好纯电的能力，才可能做出更好的增程。小鹏在三电系统上领先的技术能力，是 我们敢于定义'下一代增程'的底气。'小鹏鲲鹏超级增程'以领先的三电技术，融合纯电的高效与燃油的 便捷，实现真正没有焦虑的全场景出行。 因此小鹏的首款超级增程车型，上来就挑战一条最难的路，"家用大7座"这个目前还无人真正攻克的领 域，被业内称为"增程的工业皇冠"，能耗管理与系统集成的极限挑战难度很高。 全球车型小鹏X9，作为首款超级增程产品，是行业唯一实现"63.3度大电池 + 60L大油箱"、综合续航达 1602km的大7座车型，并历经全球各个国家复杂环境的严苛验证，期望为全球用户带来更高效、更自由 的出行体验。 小鹏超级增程系列，即将全面开启，欢迎鹏友们的关注。 责任编辑：江钰涵 ...

Core Insights - Xiaopeng Motors officially announced the launch of the Xiaopeng X9 Super Range Extender, claiming it to be the "world's longest-range large seven-seater" [1] - The vehicle features a length of 5316mm, width of 1988mm, height of 1785mm, and a wheelbase of 3160mm, with a weight of 2.75 tons [1] - It is equipped with a 1.5T engine providing a maximum power of 110 kW, paired with a lithium iron phosphate battery, achieving a pure electric range exceeding 450 km and a comprehensive range of over 1600 km [1] Industry Analysis - The introduction of the Xiaopeng X9 is seen as a significant shift in Xiaopeng Motors' technical direction and market strategy, addressing user concerns regarding range and refueling in pure electric vehicles [2] - The competition in the new energy MPV market is intensifying, with rivals including Denza D9, Lantu Dreamer, and traditional brands like Buick GL8 PHEV [2] - The success of the Xiaopeng X9 will largely depend on its pricing strategy, balancing increased costs with market acceptance to offer a competitive price [2]

Core Insights - Xiaopeng Motors has launched the new color "Aurora Green" for its X9 Super Range Extender model, marking a significant product update [1] - The X9 Super Range Extender is positioned as the next-generation range extender product aimed at global markets, emphasizing the need for diverse technological approaches to meet user demands [2] - The vehicle features a unique combination of a 63.3 kWh large battery and a 60L fuel tank, achieving a comprehensive range of 1602 km, making it a competitive option in the seven-seat vehicle segment [2]

Core Viewpoint - Xiaopeng Motors is expanding its product lineup with the introduction of the Xiaopeng G7, a new super-range SUV, and the Xiaopeng X9, which will be released in the fourth quarter of this year, both featuring advanced battery technology and significant electric range capabilities [1] Group 1: Product Launches - Xiaopeng G7 is the first super-range SUV model from Xiaopeng Motors, set to be officially unveiled in the first quarter of next year [1] - Xiaopeng X9, the first model in the super-range family, will be launched in the fourth quarter of this year [1] Group 2: Technical Specifications - Both Xiaopeng G7 and X9 will utilize a lithium iron phosphate battery developed by Zhongxin New Energy [1] - The G7 features a pure electric range of 430 kilometers, while the X9 boasts a pure electric range exceeding 450 kilometers and a total range of over 1600 kilometers [1] - The G7 is equipped with a 1.5L Dong'an engine with a maximum net power of 110 kW, while the G7's drive motor has a rated power of 110 kW and a peak power of 218 kW; the X9's drive motor has similar specifications with a peak power of 210 kW [1]