Core Insights - The new energy vehicle market in China is experiencing a mixed performance, with Leap Motor achieving significant growth while Li Auto faces challenges in meeting its delivery targets [1][9][12]. Group 1: Leap Motor Performance - Leap Motor delivered 66,700 vehicles in September, marking a year-on-year increase of over 97%, setting a new monthly sales record for new energy vehicle startups in China [1][3]. - For the first nine months of 2025, Leap Motor's total deliveries reached 395,500 units, representing a year-on-year growth of 128.8% [4]. - The company celebrated the production of its one-millionth vehicle in September 2025, highlighting its rapid growth trajectory [4]. Group 2: Li Auto Challenges - Li Auto's September deliveries were 34,000 units, a year-on-year decline of 36.8%, placing it sixth among new energy vehicle startups [11]. - Cumulatively, Li Auto delivered 297,100 vehicles in the first nine months of 2025, down 13.07% year-on-year, and only achieved 46.42% of its revised annual target of 640,000 units [12][14]. - The company has adjusted its sales target from an initial 700,000 units to 640,000 units for 2025, indicating difficulties in meeting market expectations [14]. Group 3: Other Competitors - NIO reported a 64% increase in September deliveries, totaling 34,700 vehicles, with cumulative deliveries reaching 872,800 units [8]. - Xpeng Motors delivered 41,600 vehicles in September, achieving a year-on-year growth of approximately 95%, with a total of 313,200 units delivered in the first nine months of 2025, up about 218% [7]. - Hongmeng Zhixing delivered 52,900 vehicles in September, with a total of over 950,000 units delivered, and reported a record high of over 110,000 new car orders in September [6].

轿车阵营：新能源与燃油改款齐发 2025年进入最后一个季度，国内汽车市场进入冲刺阶段，多款重磅新车将密集登场，覆盖20万元至50万元核心价格带，迎来改写竞争规则的有力竞争 者。下面，就来看看这些新车的亮点。 四季度轿车市场的新车包括12万级主流车型到30万级中高端产品，均经过技术迭代强化竞争力，同时兼顾家庭用户对舒适与实用的需求。 梅赛德斯-奔驰全新纯电CLA 定位：紧凑型纯电轿车 预售价：25.9万元-29.9万元 全新纯电CLA是梅赛德斯-奔驰模块化架构（MMA平台）的首款量产车型，不仅搭载奔驰电动化转型的核心技术，同时还针对中国市场进行了深度定 制，主打智能科技与长续航。 全新纯电CLA是首款搭载奔驰自研MB.OS全新架构的车型，作为整车"中枢神经"的MB.OS，可实现软硬件解耦和软件功能的定制化开发，具备整车 OTA能力。全新智能人机交互系统采用全新UI/UX设计，为中国市场定制开发软件，奔驰虚拟助手采用"豆包"生成式AI和思必驰语音交互技术，可实现更自 然、高效且精准的语音交互。 新车具备实现车位到车位的智能辅助驾驶能力，由中国团队主导开发，采用全新一代硬件架构和软件算法。全新纯电CLA采用800伏 ...

凤凰网科技讯 10月9日，汽车博主"孙少军"发文称，零跑上周新增订单破17K，国庆期间新增订单破 25K。零跑汽车CEO朱江明发朋友圈透露，国庆销量创新高，同比增长62%，经销商库存不超过1个 月，产销健康。 10月1日，零跑汽车宣布9月全系交付再创新高，交付量达到66657台，同比增长超97%，月销量首次突 破6万台。 今年7月，零跑科技高级副总裁曹力透露，零跑D系列SUV新车是零跑首款冲击30万价位的旗舰产品， 定位全尺寸SUV，将搭载零跑乃至整个行业最领先的技术，不会是外界所说的"半价理想"。 稍早前，该博主消息称，10月11日，零跑Lafa5国内首秀；全新旗舰之作零跑D19将于10月16日全球首 秀。根据产品定位，这款车将是零跑汽车最大、最高端的SUV，属于主打豪华的D系列。 ...

Core Insights - Multiple electric vehicle brands reported their September sales figures, with Leap Motor achieving a record delivery of 66,657 vehicles, marking a year-on-year growth of over 97% [1] - Xpeng Motors followed closely with a delivery of 41,581 vehicles in September, a year-on-year increase of approximately 95% [2] - NIO delivered 34,749 vehicles in September, reflecting a year-on-year growth of 64% [2] - Li Auto maintained its leading position in the SUV market above 200,000 yuan, with a total delivery of 33,951 vehicles in September [3] Company Performance - Leap Motor's total deliveries from January to September reached 395,516 vehicles, representing a year-on-year increase of 128.8% [1] - Xpeng Motors achieved a cumulative delivery of 313,196 vehicles in the first nine months of the year, showing a year-on-year growth of approximately 218% [2] - NIO's cumulative deliveries reached 872,785 vehicles, with the NIO brand accounting for 762,176 vehicles [2] - Li Auto's total cumulative deliveries reached 1,431,021 vehicles as of September 30, 2025 [2] Market Trends - The overall retail market for narrow passenger vehicles in September is estimated at around 2.15 million units, with a month-on-month growth of 6.5% and a year-on-year growth of 2.0% [5] - The retail sales of new energy vehicles are expected to reach approximately 1.25 million units, with a penetration rate of 58.1% [5] - The market is anticipated to enter a new phase of rapid growth for new energy vehicles, driven by the release of new models and increasing consumer interest [5]

业内人士指出，燃油车阵营如今呈现结构性回暖态势，但相较于部分新势力车企，仍面临转型升级滞 后、增长动力不足等问题。未来若想持续提升份额，新势力车企应加速布局多品牌矩阵，传统车企则应 整合燃油车渠道，转型"订单制+直营+代理"的混合模式，以降低库存风险。 近日，2025年9月国内车企交付数据陆续揭晓。作为一年中的销售旺季，"金九"旺季车市呈现新能源与 燃油车双线分化又各具亮点的格局：零跑以首破6万登顶新势力榜首，鸿蒙智行、小鹏、小米等头部车 企在月销4万大关处"贴身肉搏"，新势力竞争门槛显著提升；燃油车虽呈现回暖态势，但市场向头部集 中的特征愈发明显，仅9款销量破万的车型就占据约20%的市场份额。 新势力头部门槛升至"月销4万" 从9月交付数据来看，造车新势力整体销量延续增长的态势。今年9月，零跑汽车交付新车66657辆，同 比增长97%，成为首个月销破6万的新势力品牌，再次拿下新势力销冠。在2025年慕尼黑车展上，零跑 Lafa5首发亮相，零跑B10也正式开启交付。10月，零跑还将继续推出新车。10月16日，零跑D19将进行 全球首秀，新车基于零跑D平台打造，定位全尺寸SUV。 当下，新势力品牌的头部玩家门槛 ...

业内人士指出，燃油车阵营如今呈现结构性回暖态势，但相较于部分新势力车企，仍面临转型升级滞 后、增长动力不足等问题。未来若想持续提升份额，新势力车企应加速布局多品牌矩阵，传统车企则应 整合燃油车渠道，转型"订单制+直营+代理"的混合模式，以降低库存风险。 新势力头部门槛升至"月销4万" 近日，2025年9月国内车企交付数据陆续揭晓。作为一年中的销售旺季，"金九"旺季车市呈现新能源与 燃油车双线分化又各具亮点的格局：零跑以首破6万登顶新势力榜首，鸿蒙智行、小鹏、小米等头部车 企在月销4万大关处"贴身肉搏"，新势力竞争门槛显著提升；燃油车虽呈现回暖态势，但市场向头部集 中的特征愈发明显，仅9款销量破万的车型就占据约20%的市场份额。 中国汽车工业协会发布的数据显示，8月燃油车销量同比增长12.9%，已连续三个月保持正增长，今年9 月则环比增长了11.4%。降价策略、政策红利以及刚需市场，让燃油车守住了半壁江山。其中，降价是 最直接的推手。进入2025年下半年，多个传统燃油车品牌经销商大幅加大优惠力度。例如，大众朗逸 2025款新锐1.5L出众新逸版官方指导价已降至8万元，相较老款下调约2万元；北京一家奔驰4S店销售 ...

Core Insights - The automotive industry is experiencing a surge in sales as companies rush to capitalize on the "golden September and silver October" period, with over 70 new models launched in September, predominantly SUVs [1] Group 1: New Energy Vehicle Sales - In September, new energy vehicle companies saw significant sales growth, with Li Auto's deliveries declining while others like Leap Motor, Xpeng, and Xiaomi achieved record numbers [2][3] - Leap Motor's sales reached approximately 66,770 units, marking it as the first new force brand to surpass 60,000 monthly sales [3] - Xpeng delivered 41,670 units in September, a 95% year-on-year increase, with a total of 312,000 units delivered in the first nine months [4] - Xiaomi also broke the 40,000 monthly delivery mark for the first time, indicating strong growth potential [4] Group 2: Company Performance - NIO delivered about 34,700 vehicles in September, a 64% increase year-on-year, with a total of 201,200 units delivered in the first nine months [4] - Li Auto's September deliveries were 34,000 units, showing a 19% month-on-month increase but a nearly 40% decline year-on-year [6] - Zeekr's sales reached 18,300 units in September, with a strong pre-sale performance for its flagship model, the Zeekr 9X [8] - The brand's rapid growth is attributed to its comprehensive product lineup, with the C10 and C16 models leading in their respective categories [3] Group 3: Traditional Automakers - BYD's September sales slightly decreased by 5.52% to 396,300 units, primarily due to a significant drop in plug-in hybrid vehicle sales [11] - Great Wall Motors achieved sales of 133,600 units in September, a 23.29% increase, with both new energy and overseas sales reaching new highs [11] - Geely's sales reached 273,100 units in September, a 35% year-on-year increase, with new energy vehicle sales growing by 81.27% [11]

智通财经APP获悉，零跑汽车(09863)涨近4%，截至发稿，涨3.84%，报68.9港元，成交额1.63亿港元。 消息面上，10月1日，零跑汽车公布9月交付量。零跑汽车9月全系交付再创新高，达66657台，同比增长 超97%，月销量首次突破六万台大关，刷新了造车新势力的单月交付最高纪录，并连续七个月领跑新势 力交付榜。在产品方面，零跑旗下各车型持续获得市场广泛认可，零跑C10在新势力中型SUV榜中，连 续4个月销冠，1-8月累计销量稳居第一；零跑C16市场表现同样亮眼，在20万内中大型SUV榜中，连续8 个月稳居销量第一。 群益证券近期指出，公司近期即将发布多款新品，产品矩阵进一步丰富。零跑D19将在10月16日发布， 该车定位豪华旗舰全尺寸SUV，是零跑首款20万元以上的车型，预计将于26Q1上市。9月8日纯电两厢 车零跑Lafa5在慕尼黑车展首次亮相，较现有产品定位更加年轻运动，已经开启盲订。公司目前销量稳 步上升，未来新品上市将助力公司进一步拓宽市场空间。 ...

消息面上，10月1日，零跑汽车公布9月交付量。零跑汽车9月全系交付再创新高，达66657台，同比增长 超97%，月销量首次突破六万台大关，刷新了造车新势力的单月交付最高纪录，并连续七个月领跑新势 力交付榜。在产品方面，零跑旗下各车型持续获得市场广泛认可，零跑C10在新势力中型SUV榜中，连 续4个月销冠，1-8月累计销量稳居第一；零跑C16市场表现同样亮眼，在20万内中大型SUV榜中，连续8 个月稳居销量第一。 零跑汽车(09863)涨近4%，截至发稿，涨3.84%，报68.9港元，成交额1.63亿港元。 群益证券近期指出，公司近期即将发布多款新品，产品矩阵进一步丰富。零跑D19将在10月16日发布， 该车定位豪华旗舰全尺寸SUV，是零跑首款20万元以上的车型，预计将于26Q1上市。9月8日纯电两厢 车零跑Lafa5在慕尼黑车展首次亮相，较现有产品定位更加年轻运动，已经开启盲订。公司目前销量稳 步上升，未来新品上市将助力公司进一步拓宽市场空间。 ...

产品端，零跑C10连续4个月稳居新势力中型SUV销量冠军，1-8月累计销量第一；零跑C16连续8个月领跑20万元 内中大型SUV榜单。2026款C16、C10更包揽20万元内新能源SUV净推荐值（NPS）前两名。世界杯冠军奥利维耶· 吉鲁成为第160,000位零跑C10车主，进一步提升品牌国际影响力。 零跑汽车表示，将以第一百万台整车下线为新起点，持续为用户创造超越期待的产品与体验，以更坚定步伐加速 前行。 旗舰技术平台与全新产品节奏同步推进。10月，零跑D19将全球首秀，定位品牌首款旗舰车型；9月德国慕尼黑国 际车展，零跑Lafa5完成全球首秀，计划2025年第四季度在中国内地亮相，B10亦同步宣布海外市场上市，彰显零 跑技术创新与全球化拓展决心。车展期间，零跑科技董事长朱江明与知名媒体人鲁豫就行业趋势及品牌战略展开 深度对话。 10月1日，零跑汽车公布：9月全系交付达66,657台，同比增长97%，首次突破6万台大关，刷新品牌单月交付纪 录。至此，零跑第一百万台整车于9月25日正式下线，完成从1到1,000,000的规模化跨越。 ...