Group 1 - XPeng Inc. (NYSE:XPEV) experienced a 3.80% increase in stock price, closing at $21.28 as investors anticipated the vehicle delivery report for December and Q4 2025 [1] - The company aims to deliver between 125,000 and 132,000 vehicles in Q4 2025, representing a year-on-year growth of 36.6% to 44.3% [2] - Q4 revenues are projected to be between 21.5 billion yuan and 23 billion yuan, indicating an implied growth of 33.5% to 42.8% compared to the same period last year [2] Group 2 - XPeng is set to launch an extended-range electric vehicle (EREV) variant of the G7 series in Q1 2026, which will feature a combined range of 1,704 kilometers, the longest for an SUV globally [3] - The G7 EREV will support fast charging, allowing for 314 kilometers of range to be recharged in just 12 minutes, utilizing an 800V platform and a 5C fast-charging battery [4]

Core Viewpoint - XPeng Inc. has announced a hybrid strategy by filing for an extended-range version of its G7 SUV, which has led to a decline in its shares as competition in the Chinese EV market intensifies [1]. Group 1: Product Development - The G7 EREV has been included in China's Ministry of Industry and Information Technology (MIIT) catalog for public comment, marking a significant step towards its market clearance [2]. - The G7 EREV will be produced at XPeng's Guangzhou plant and features a five-seat configuration with dimensions of 4,918 mm in length, 1,925 mm in width, and 1,655 mm in height, along with a wheelbase of 2,890 mm [3]. - The vehicle is equipped with a 1.5-liter range-extending engine rated at up to 110 kW and a lithium iron phosphate battery pack with a capacity of 55.8 kWh, providing a pure-electric range of 325 km [4]. Group 2: Market Strategy - The introduction of the G7 EREV follows the earlier filing of the X9 MPV hybrid, aligning with XPeng's "Kunpeng Super Electric System" architecture aimed at achieving long combined driving ranges [5]. - The G7 EREV variant is slightly longer than the battery-only G7, which was launched earlier this year and features XPeng's in-house Turing driver-assistance chip [6]. - The battery-electric version of the G7 starts at approximately RMB 195,800 and has a CLTC-rated range of up to 702 km [6]. Group 3: Stock Performance - Following the announcement of the hybrid strategy, XPeng shares experienced a decline of 3.25%, trading at $20.07 [6].