关注 「电动车公社」 和我们一起重新思考汽车 《今日新闻》将会每天给大家带来几条当日重磅新闻，并附上社长的简单评论。关注「电动车公社」，新能源圈大事小事 ，看我们就够啦～ 今日新闻要点： 1、 新款蓝电E5 Plus上市 限时权益价11.98万元 12月3日，新款蓝电E5 Plus上市。新车共推出2款车型，售价均为13.98万元，限时权益价11.98万元。 新款蓝电E5 Plus上市，限时权益价11.98万元； 小鹏联手华为推出下一代增程发电机； 线控转向新国标发布； 10-15万的插混SUV竞争激烈，所以这款车不和竞品堆配置，选择另辟蹊径去做生态件，提供大床、电磁炉、热水器等生态选装，主打户外 旅游的多功能用途，加上相对较长的纯电续航，也有望打出自身的优势。 2、 小鹏联手华为推出下一代增程发电机 近日， 小鹏汽车宣布，小鹏X9超级增程车型全球首发搭载华为DriveONE全栈高集成高压油冷发电机。该发电机作为小鹏鲲鹏超级增程技术 的核心组成部分， 其设计围绕高效能与高静谧性两大方向展开 ， 该发电机的工况发电效率达到92%以上， 散热控温速度提升10℃ ，被行 业视为推动增程技术升级的重要尝试之一。 作为小 ...

业绩回顾 3Q25 业绩符合市场和我们预期 机构：中金公司 研究员：邓学/常菁/杨东冀 发布首款增程产品，强产品周期持续发力。公司近期开启预售小鹏X9 超级增程车型，新车预售价35-37 万元，我们预计其正式售价有望低于同车型的纯电版本。公司正式开启超级增程电动的产品周期，后续 的正式上市和订单表现有望再度验证公司打造爆款车型能力，结合公司后续即将于2026 年开启现有车 型在超级增程电动上的持续换代，我们继续看好公司"一车双能"战略。 全面的AI 技术布局，迈向未来出行生态。公司于近期举办的AI科技日中全面展示了在AI 领域的技术和 商业化布局，公司计划2026 年开启机器人IRON、飞行汽车和Robotaxi 正式量产，我们认为上述产品有 望加速公司从智能电动车企向综合的出行和科技平台转型。此外，公司表示小鹏图灵AI 芯片也正式获 得大众汽车定点。本次业绩会中公司也给了机器人更多的量产数据指引，包括目标2030 年实现100 万台 产销目标。国际化方面，业绩会中表示对出口业务充满信心，9 月海外汽车销量已破5000 辆。 盈利预测与估值 当前港/美股股价均对应2025 年2.0x P/S，维持跑赢行业评级 ...

Group 1 - Multiple automakers reported strong sales performance in October, driven by the peak season of "Golden September and Silver October" [1] - New energy vehicle (NEV) sales are expected to exceed 16 million units in 2025, with the used car replacement policy significantly boosting the market [1][7] - New force brands like Leap Motor, Xpeng Motors, and NIO achieved record monthly deliveries, with Leap Motor delivering 70,289 units, a year-on-year increase of over 84% [2] Group 2 - Xpeng Motors delivered 42,013 units in October, marking a 76% year-on-year increase and entering several international markets [2] - NIO's deliveries reached 40,397 units, a 92.6% year-on-year increase, with significant contributions from its various brands [2] - Xiaomi Motors also surpassed 40,000 units in deliveries, while Li Auto's deliveries decreased slightly [3] Group 3 - Traditional automakers showed strong performance in the NEV sector, with BYD reporting 441,706 NEV sales in October, a 12% year-on-year decline [4] - SAIC Group's sales reached 453,978 units, with NEV sales growing by 31.6% year-on-year [4] - Chery Group's NEV sales exceeded 110,000 units for the first time, reflecting a 54.7% year-on-year increase [4] Group 4 - Industry experts noted that traditional automakers are leveraging their manufacturing scale and brand reputation to excel in the NEV market [5] - The market is expected to remain strong post the peak season, with various automakers launching new promotional activities [6] - The automotive market is anticipated to exceed initial production and sales forecasts, with a projected total of 32.9 million vehicles for the year [7]

Core Viewpoint - The automotive market is experiencing strong sales performance in October, driven by the "Golden September and Silver October" peak season, with several new energy vehicle (NEV) manufacturers reporting record deliveries [1][2][4]. Group 1: New Energy Vehicle Manufacturers - Leap Motor achieved a monthly delivery of 70,289 vehicles in October, marking a year-on-year increase of over 84% [2]. - Xpeng Motors delivered 42,013 vehicles in October, a 76% year-on-year increase, and has entered several international markets [2]. - NIO delivered 40,397 vehicles in October, a 92.6% year-on-year increase, with significant contributions from its various brands [2]. - Xiaomi Motors also surpassed 40,000 deliveries in October, while Li Auto's deliveries decreased [3]. Group 2: Traditional Automakers - BYD reported NEV sales of 441,706 units in October, a 12% year-on-year decline, but with a month-on-month increase [4]. - SAIC Group's total vehicle sales reached 453,978 units in October, a 12.96% year-on-year increase, with NEV sales growing by 31.6% [4]. - Chery Group's NEV sales reached 110,346 units, a 54.7% year-on-year increase, marking a significant milestone [4]. - The sales of Seres' NEVs hit a record high of 51,456 units, reflecting a 42.89% year-on-year growth [4]. Group 3: Market Outlook and Trends - Experts predict that the automotive market will exceed previous production and sales expectations, with NEV sales projected to surpass 16 million units [1][6]. - The implementation of vehicle trade-in policies is expected to significantly boost market demand [1][6]. - The automotive industry is witnessing a shift towards NEVs becoming mainstream products, with projections indicating an 85% penetration rate for passenger NEVs by 2040 [6].

Core Insights - The automotive market is experiencing strong sales performance in October, driven by the "Golden September and Silver October" peak season, with several companies reporting significant delivery numbers for new energy vehicles [1][2][3] Group 1: New Energy Vehicle Performance - Leap Motor achieved a record monthly delivery of 70,289 units in October, marking a year-on-year increase of over 84% [1] - XPeng Motors delivered 42,013 vehicles in October, a 76% year-on-year increase, and is expanding into international markets [2] - NIO delivered 40,397 vehicles in October, a 92.6% year-on-year increase, with significant contributions from its various brands [2] - Xiaomi Motors also surpassed 40,000 deliveries in October, while Li Auto's deliveries decreased [2] Group 2: Traditional Automakers' Performance - BYD reported 441,706 new energy vehicle sales in October, a 12% year-on-year decline, but with a month-on-month increase [3] - SAIC Group's total vehicle sales reached 453,978 units in October, a 12.96% year-on-year increase, with new energy vehicle sales up 31.6% [3] - Chery Group's October sales reached 281,161 units, with new energy vehicle sales growing by 54.7% [3] - BAIC New Energy sold 30,542 units in October, a 112% year-on-year increase [3] Group 3: Market Outlook and Trends - Experts predict that the automotive market's overall performance will exceed expectations, with new energy vehicle sales expected to surpass 16 million units [4] - The implementation of the vehicle trade-in policy is expected to significantly boost market demand [4] - The automotive industry is witnessing a shift towards new energy vehicles, with projections indicating that they will become the mainstream product in the market within the next 5-15 years [4]