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- KeeYepKeeYep
  ·2021-06-28
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  The battle for ammunition, this game returns to Hong Kong, XPeng wins!
  近几年来，智能电动车行业景象一片繁荣、征伐激烈，俨然成为了春秋战国的缩影。激烈的竞争格局自然意味着雄厚资本储备的重要性，蔚来、小鹏和理想纷纷开启了从美股到港股的资本争夺之路。据悉，蔚来和理想汽车已
  The battle for ammunition, this game returns to Hong Kong, XPeng wins!
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Nio, XPeng and Ideal have started the road of capital competition from US stocks to Hong Kong stocks.</p><p>It is reported that Nio and Li Auto have secretly handed in the relevant documents of Hong Kong listing.</p><p><b>However, in this round of battle of \"the first intelligent electric vehicle in Hong Kong stocks\", XPeng Automobile took the lead and took the lead in obtaining ammunition.</b></p><p>On June 23rd, XPeng Automobile passed the hearing of Hong Kong Stock Exchange.</p><p>On June 24th, the latest prospectus documents showed that the company had officially launched the Hong Kong stock listing plan, including 4.25 million shares publicly offered in Hong Kong and 80.75 million new Class A ordinary shares offered internationally, with a maximum price of HK$ 180 per share. At the same time, 12.75 million over-allotment options were granted to international underwriters.</p><p><b>According to the issue price of HK$ 180, the fundraising amount of XPeng Automobile is expected to be HK$ 15.3-17.595 billion.</b></p><p>At present, Ali firmly occupies the position of the second largest shareholder.</p><p>According to the prospectus, He Xiaopeng, chairman of XPeng Automobile, holds 21.75% of the shares as the largest shareholder, Taobao China holds 11.9%, IDG Capital holds 4.8%, Xia Heng, co-founder and president of XPeng Automobile, holds 3.8%, Wuyuan Capital holds 3.2% and Ji Yuan Capital holds 2.8%.</p><p><img src=\"https://static.tigerbbs.com/2f9e962775d657ebd2a3f75285b59138\" tg-width=\"554\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p><b>01</b></p><p><b>The first share of dual major listing in the past three years is of great significance</b></p><p>The listing of XPeng vehicles in Hong Kong is less than one year after the US stock market rang the bell on August 27th last year.</p><p>Generally speaking, there are three ways for Chinese stocks to return to A-shares or Hong Kong stocks: one is to delist from US stocks and re-list on A-shares or Hong Kong stocks; the other is to keep US stocks and list them on Hong Kong stocks for the second time; and the third is to keep the listing status of US stocks and list them on US stocks and Hong Kong stocks respectively, that is, dual main listings.</p><p><b>Among them, dual primary listings face more stringent regulations, which need to be jointly supervised by the U.S. Securities and Exchange Commission (SEC) and the Securities and Futures Commission (SFC) of Hong Kong.</b></p><p><b>XPeng Automobile's return to Hong Kong for listing is the third way, which means that the company is listed on both stock exchanges at the same time, and meets the regulatory requirements of listed companies in both places.</b></p><p>At present, many listed companies in the United States have chosen Hong Kong stocks for secondary listing. On March 23rd, Baidu was listed on Hong Kong stock market; On March 29th, Bilibili (i.e. Station B) was officially listed on Hong Kong Stock Exchange; Previously, Autohome also announced the commencement of trading on the main board of the Hong Kong Stock Exchange.</p><p><b>However, Xiaopeng is the first dual-major listed company in Hong Kong and the United States since BeiGene was listed on the Hong Kong Stock Exchange three years ago.</b></p><p>HKEx attaches great importance to XPeng' return to Hong Kong for listing. It is said that HKEx, which has been ringing the bell online for more than a year due to the epidemic, also hopes to make an exception for Xiaopeng Motors and resume the offline bell ringing ceremony.</p><p>According to the regulations of Hong Kong Stock Connect, after XPeng Automobile is listed on the main board of Hong Kong, it can meet the access conditions of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, and will directly open up the channels of A-share investors. In addition, XPeng shares can still be freely transferred and traded between the two exchanges in Hong Kong and New York.</p><p>For XPeng, after fundraising, Hong Kong stocks can directly open up the RMB market and further extend the capital tentacles; For A-share investors, smart electric vehicles are no longer out of reach.</p><p><b>02</b></p><p><b>Why is the \"first stock\" XPeng?</b></p><p>He Xiaopeng, the founder of XPeng Motors, once said after the successful ring of the bell in U.S. stocks: \"It's very important to get more ammunition to win the long-distance race.\"</p><p>Behind the rapid acquisition of ammunition is the smart technology that XPeng Motors has always been proud of and focused on.</p><p><b>And this is what HKEx is scarce and yearns for.</b></p><p>As can be seen from Baidu, which was listed in Hong Kong for the second time before, it is its \"AI First Stock\" aura that capital admires.</p><p>Since its establishment in 2015, Xpeng Motors has focused on intelligent technology, and began to build a full-stack self-research system in 2017. XPeng is the only Chinese car company to develop its own full-stack self-driving software, according to HIS Markit.</p><p><b>Therefore, XPeng vehicles are the intelligent electric vehicles that HKEx needs, which can stand up to the title of \"AI\" in the automobile field.</b></p><p>The price comparison also shows the strength of XPeng returning to Hong Kong this time.</p><p>The offering price of Hong Kong stocks has reached HK$ 180. When it was listed on the US stock market last year, the offering price of XPeng was only $15. Until the closing of the US stock market on June 25th, the price was $42.16.</p><p><b>03 Full-stack autonomous driving, substantial revenue growth, accelerated hematopoiesis</b></p><p>As one of the leading intelligent electric vehicle manufacturers in China, XPeng is the only automobile company in China to develop its own full-stack autonomous driving software, focusing on bringing innovation to autonomous driving, intelligent interconnection and core automotive systems with software, data and hardware technologies as the core.</p><p>Compared with traditional vehicles, XPeng Automotive integrates software and hardware, and has become the top five best-selling brands in China's mid-to-high-end electric vehicle market.</p><p><img src=\"https://static.tigerbbs.com/1f94ea92d2e1ee5ac28ad4c5112990c5\" tg-width=\"554\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p><b>From the perspective of vehicle delivery,</b>XPeng delivered 29 vehicles, 12,728 vehicles and 27,041 vehicles in 2018, 2019 and 2020, respectively. In the first quarter of 2021, 13,340 vehicles were delivered, nearly half of the number delivered last year.</p><p><img src=\"https://static.tigerbbs.com/84fbe34a2ccca4e21e9d00dbc0924313\" tg-width=\"483\" tg-height=\"290\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p>As of March 31, 2021, XPeng has delivered 30,102 G3 models to customers, delivered 23,036 P7s, and has already launched its third smart EV Net P5 in May 2021. According to IHS Markit data, the model is expected to be the first mass-produced smart electric vehicle equipped with lidar upon delivery.</p><p><b>From the income level,</b>The total revenue of XPeng Automobile in 2018, 2019 and 2020 was RMB9.7 million, RMB2.312 billion and RMB5.744 billion, respectively; In the first quarter of 2021, revenue was 2.951 billion yuan, more than half of last year's total revenue.</p><p><img src=\"https://static.tigerbbs.com/1997d350c6943f37311165c86abe7cf0\" tg-width=\"482\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p>At the same time, the gross profit margin of XPeng Motors has been rising all the way, and has increased to 11.2% in the first quarter of 2021, which is expected to catch up with Ideal and even Nio.</p><p>In addition, XPeng disclosed in its prospectus that its autonomous assisted driving service XPILOT software revenue accounted for 2.5% of its first-quarter revenue.</p><p><b>If we can continue to increase the proportion of software services, XPeng will be expected to go out of a development direction that is very different from other enterprises and realize hematopoietic function as soon as possible.</b></p><p><b>epilogue</b></p><p>At present, in addition to the three heroes of car manufacturing and traditional car companies, the wind of car manufacturing on the Internet is also blowing bigger and bigger.</p><p>Among them, Huawei and 360 specialize in intelligent network services; Baidu, Didi and Byte cut into the field of subdivided autonomous driving, while Xiaomi wants to be a whole car family.</p><p>However, with the advancement of the intelligent trend of new energy vehicles, as an Internet car company with independent R&D software and hardware integration, XPeng will still have imaginable space on this broad track in the future.</p><p><b>However, in the face of the situation that there are wolves in front of them and tigers in the back, it is self-evident to be able to win the \"first share of intelligent electric vehicles\" in Hong Kong stocks for the support ability of XPeng vehicles.</b></p><p>XPeng promises to break even by the end of 2023 or 2024, but achieving that will undoubtedly require more deliveries, higher R&D commitments, and a broad product layout, all of which will require more funding.</p><p>Soldiers and horses have not moved, but grain and grass go first.</p><p>In the face of the uphill battle that could continue in the future, XPeng is ready.</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe battle for ammunition, this game returns to Hong Kong, XPeng wins!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻  </strong><span class=\"h-time small\">2021-06-28 17:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In recent years, the intelligent electric vehicle industry has been prosperous and fierce, which has become the epitome of the Spring and Autumn Period and the Warring States Period.</p><p>The fierce competition naturally means the importance of abundant capital reserves. Nio, XPeng and Ideal have started the road of capital competition from US stocks to Hong Kong stocks.</p><p>It is reported that Nio and Li Auto have secretly handed in the relevant documents of Hong Kong listing.</p><p><b>However, in this round of battle of \"the first intelligent electric vehicle in Hong Kong stocks\", XPeng Automobile took the lead and took the lead in obtaining ammunition.</b></p><p>On June 23rd, XPeng Automobile passed the hearing of Hong Kong Stock Exchange.</p><p>On June 24th, the latest prospectus documents showed that the company had officially launched the Hong Kong stock listing plan, including 4.25 million shares publicly offered in Hong Kong and 80.75 million new Class A ordinary shares offered internationally, with a maximum price of HK$ 180 per share. At the same time, 12.75 million over-allotment options were granted to international underwriters.</p><p><b>According to the issue price of HK$ 180, the fundraising amount of XPeng Automobile is expected to be HK$ 15.3-17.595 billion.</b></p><p>At present, Ali firmly occupies the position of the second largest shareholder.</p><p>According to the prospectus, He Xiaopeng, chairman of XPeng Automobile, holds 21.75% of the shares as the largest shareholder, Taobao China holds 11.9%, IDG Capital holds 4.8%, Xia Heng, co-founder and president of XPeng Automobile, holds 3.8%, Wuyuan Capital holds 3.2% and Ji Yuan Capital holds 2.8%.</p><p><img src=\"https://static.tigerbbs.com/2f9e962775d657ebd2a3f75285b59138\" tg-width=\"554\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p><b>01</b></p><p><b>The first share of dual major listing in the past three years is of great significance</b></p><p>The listing of XPeng vehicles in Hong Kong is less than one year after the US stock market rang the bell on August 27th last year.</p><p>Generally speaking, there are three ways for Chinese stocks to return to A-shares or Hong Kong stocks: one is to delist from US stocks and re-list on A-shares or Hong Kong stocks; the other is to keep US stocks and list them on Hong Kong stocks for the second time; and the third is to keep the listing status of US stocks and list them on US stocks and Hong Kong stocks respectively, that is, dual main listings.</p><p><b>Among them, dual primary listings face more stringent regulations, which need to be jointly supervised by the U.S. Securities and Exchange Commission (SEC) and the Securities and Futures Commission (SFC) of Hong Kong.</b></p><p><b>XPeng Automobile's return to Hong Kong for listing is the third way, which means that the company is listed on both stock exchanges at the same time, and meets the regulatory requirements of listed companies in both places.</b></p><p>At present, many listed companies in the United States have chosen Hong Kong stocks for secondary listing. On March 23rd, Baidu was listed on Hong Kong stock market; On March 29th, Bilibili (i.e. Station B) was officially listed on Hong Kong Stock Exchange; Previously, Autohome also announced the commencement of trading on the main board of the Hong Kong Stock Exchange.</p><p><b>However, Xiaopeng is the first dual-major listed company in Hong Kong and the United States since BeiGene was listed on the Hong Kong Stock Exchange three years ago.</b></p><p>HKEx attaches great importance to XPeng' return to Hong Kong for listing. It is said that HKEx, which has been ringing the bell online for more than a year due to the epidemic, also hopes to make an exception for Xiaopeng Motors and resume the offline bell ringing ceremony.</p><p>According to the regulations of Hong Kong Stock Connect, after XPeng Automobile is listed on the main board of Hong Kong, it can meet the access conditions of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, and will directly open up the channels of A-share investors. In addition, XPeng shares can still be freely transferred and traded between the two exchanges in Hong Kong and New York.</p><p>For XPeng, after fundraising, Hong Kong stocks can directly open up the RMB market and further extend the capital tentacles; For A-share investors, smart electric vehicles are no longer out of reach.</p><p><b>02</b></p><p><b>Why is the \"first stock\" XPeng?</b></p><p>He Xiaopeng, the founder of XPeng Motors, once said after the successful ring of the bell in U.S. stocks: \"It's very important to get more ammunition to win the long-distance race.\"</p><p>Behind the rapid acquisition of ammunition is the smart technology that XPeng Motors has always been proud of and focused on.</p><p><b>And this is what HKEx is scarce and yearns for.</b></p><p>As can be seen from Baidu, which was listed in Hong Kong for the second time before, it is its \"AI First Stock\" aura that capital admires.</p><p>Since its establishment in 2015, Xpeng Motors has focused on intelligent technology, and began to build a full-stack self-research system in 2017. XPeng is the only Chinese car company to develop its own full-stack self-driving software, according to HIS Markit.</p><p><b>Therefore, XPeng vehicles are the intelligent electric vehicles that HKEx needs, which can stand up to the title of \"AI\" in the automobile field.</b></p><p>The price comparison also shows the strength of XPeng returning to Hong Kong this time.</p><p>The offering price of Hong Kong stocks has reached HK$ 180. When it was listed on the US stock market last year, the offering price of XPeng was only $15. Until the closing of the US stock market on June 25th, the price was $42.16.</p><p><b>03 Full-stack autonomous driving, substantial revenue growth, accelerated hematopoiesis</b></p><p>As one of the leading intelligent electric vehicle manufacturers in China, XPeng is the only automobile company in China to develop its own full-stack autonomous driving software, focusing on bringing innovation to autonomous driving, intelligent interconnection and core automotive systems with software, data and hardware technologies as the core.</p><p>Compared with traditional vehicles, XPeng Automotive integrates software and hardware, and has become the top five best-selling brands in China's mid-to-high-end electric vehicle market.</p><p><img src=\"https://static.tigerbbs.com/1f94ea92d2e1ee5ac28ad4c5112990c5\" tg-width=\"554\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p><b>From the perspective of vehicle delivery,</b>XPeng delivered 29 vehicles, 12,728 vehicles and 27,041 vehicles in 2018, 2019 and 2020, respectively. In the first quarter of 2021, 13,340 vehicles were delivered, nearly half of the number delivered last year.</p><p><img src=\"https://static.tigerbbs.com/84fbe34a2ccca4e21e9d00dbc0924313\" tg-width=\"483\" tg-height=\"290\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p>As of March 31, 2021, XPeng has delivered 30,102 G3 models to customers, delivered 23,036 P7s, and has already launched its third smart EV Net P5 in May 2021. According to IHS Markit data, the model is expected to be the first mass-produced smart electric vehicle equipped with lidar upon delivery.</p><p><b>From the income level,</b>The total revenue of XPeng Automobile in 2018, 2019 and 2020 was RMB9.7 million, RMB2.312 billion and RMB5.744 billion, respectively; In the first quarter of 2021, revenue was 2.951 billion yuan, more than half of last year's total revenue.</p><p><img src=\"https://static.tigerbbs.com/1997d350c6943f37311165c86abe7cf0\" tg-width=\"482\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p><p><i>Source: Prospectus</i></p><p>At the same time, the gross profit margin of XPeng Motors has been rising all the way, and has increased to 11.2% in the first quarter of 2021, which is expected to catch up with Ideal and even Nio.</p><p>In addition, XPeng disclosed in its prospectus that its autonomous assisted driving service XPILOT software revenue accounted for 2.5% of its first-quarter revenue.</p><p><b>If we can continue to increase the proportion of software services, XPeng will be expected to go out of a development direction that is very different from other enterprises and realize hematopoietic function as soon as possible.</b></p><p><b>epilogue</b></p><p>At present, in addition to the three heroes of car manufacturing and traditional car companies, the wind of car manufacturing on the Internet is also blowing bigger and bigger.</p><p>Among them, Huawei and 360 specialize in intelligent network services; Baidu, Didi and Byte cut into the field of subdivided autonomous driving, while Xiaomi wants to be a whole car family.</p><p>However, with the advancement of the intelligent trend of new energy vehicles, as an Internet car company with independent R&D software and hardware integration, XPeng will still have imaginable space on this broad track in the future.</p><p><b>However, in the face of the situation that there are wolves in front of them and tigers in the back, it is self-evident to be able to win the \"first share of intelligent electric vehicles\" in Hong Kong stocks for the support ability of XPeng vehicles.</b></p><p>XPeng promises to break even by the end of 2023 or 2024, but achieving that will undoubtedly require more deliveries, higher R&D commitments, and a broad product layout, all of which will require more funding.</p><p>Soldiers and horses have not moved, but grain and grass go first.</p><p>In the face of the uphill battle that could continue in the future, XPeng is ready.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/AcBEeM2yeqBpOLRWdPvThA\">华尔街见闻  </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4aa4c2246df411f68e16a21f6d365311","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"source_url":"https://mp.weixin.qq.com/s/AcBEeM2yeqBpOLRWdPvThA","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1198246953","content_text":"近几年来，智能电动车行业景象一片繁荣、征伐激烈，俨然成为了春秋战国的缩影。\n激烈的竞争格局自然意味着雄厚资本储备的重要性，蔚来、小鹏和理想纷纷开启了从美股到港股的资本争夺之路。\n据悉，蔚来和理想汽车已经秘交了香港上市相关文件。\n不过在此轮“港股智能电动车第一股”的争战中，小鹏汽车拔得头筹，率先取得弹药。\n6月23日，小鹏汽车通过港交所聆讯。\n6月24日，最新招股文件显示公司已正式启动港股上市计划，将发售包括香港公开发售的425万股及国际发售的8075万股新A类普通股，每股最高定价在180港元。同时，向国际承销商授出1275万股超额配售权。\n按照180港元的发行价，小鹏汽车此次募资额预计为153-175.95亿港元。\n目前阿里系牢牢占据第二大股东的位置。\n招股书显示，小鹏汽车董事长何小鹏持股21.75%为最大股东，淘宝中国持股11.9%，IDG资本持股4.8%，小鹏汽车联合创始人、总裁夏珩持股3.8%，五源资本持股3.2%，纪源资本持股2.8%。\n\n来源：招股书\n01\n三年来的双重主要上市第一股，意义重大\n本次小鹏汽车赴港上市距去年8月27日美股敲钟时隔不足1年。\n一般来说，中概股回归A股或港股有三种途径：其一是从美股退市重新在A股或港股上市，其二是保留美股同时在港股第二次上市，其三是保留美股上市地位在美股和港股分别上市，也就是双重主要上市。\n其中双重主要上市所面对的监管更加严格，需要受到美国证券交易委员会（SEC）和香港证券及期货事务监察委员会（SFC）的共同监管。\n小鹏汽车此次回港上市走的即是第三条路，意味着公司在两个证券交易所同时挂牌，且同时满足两地对上市公司的各项监管要求。\n当前已有不少在美上市企业选择港股二次上市。3月23日，百度在港股上市；3月29日，哔哩哔哩（即B站）正式在港交所挂牌；此前，汽车之家也宣布在香港联交所主板开始交易。\n但小鹏是继3年前百济神州在港交所双重主要上市以来的第一家港美双重主要上市公司。\n港交所对此次小鹏回港上市十分重视，据称，因疫情施行线上敲钟一年多的港交所，也有希望为小鹏汽车破例，恢复线下敲钟仪式。\n根据港股通的规定，小鹏汽车在香港主板上市之后，可以满足沪港通与深港通的接入条件，将直接打通A股投资者渠道。此外，小鹏汽车股票在香港和纽约两个交易所间仍可以自由转移和交易。\n对于小鹏来说，港股募资后能够直接打通人民币市场，将资本触角进一步延伸；而对于A股投资者来说，智能电动车也不再遥不可及。\n02\n为什么“第一股”是小鹏？\n小鹏汽车的创始人何小鹏曾经在美股成功敲钟之后说：“多拿弹药非常重要，才能赢得长跑。”\n快速取得弹药的背后是小鹏汽车一直以来引以为傲并重点投入的智能技术。\n而这正是港交所稀缺和渴望的。\n从此前在港二次上市的百度即可见一斑，资本推崇的正是其的“AI第一股”光环。\n而小鹏汽车从2015年成立起，就主打智能技术，并在2017年开始搭建全栈自研体系。根据HIS Markit的数据，小鹏是中国唯一一家自行开发全栈自动驾驶软件的汽车公司。\n因此，小鹏汽车正是港交所需要的在汽车领域能够顶得起“AI”头衔的智能电动车标的。\n从价格对比也可见此次小鹏回港之强势。\n港股此番招股价格已经高达180港元，而去年在美股挂牌时，小鹏的招股价仅15美元，直到6月25日美股收盘，价格为42.16美元。\n03全栈自动驾驶，收入大幅增长，造血加速\n作为国内领先的智能电动汽车厂商之一，小鹏是国内唯一一家自行开发全栈自动驾驶软件的汽车公司，专注于以软件、数据和硬件技术为核心，为自动驾驶、智能互联和核心汽车系统带来创新。\n与传统汽车相比，小鹏汽车集软硬件为一体，已经成为中国中高端电动汽车市场排名前五的畅销品牌。\n\n来源：招股书\n从车辆交付层面来看，小鹏汽车2018、2019、2020年分别交付29辆、12728辆与27041辆，2021年一季度已经交付13340辆，接近去年全年交付数量的一半。\n\n来源：招股书\n截至2021年3月31日，小鹏已经向客户交付30102辆G3车型，交付23036辆P7，并已经于2021年5月推出第三款智能电动汽车网P5。根据IHS Markit数据，该车型预计在交付后将成为首款配备激光雷达的量产智能电动汽车。\n从收入层面，小鹏汽车2018、2019、2020年的总收入分别为人民币970万元、23.12亿元和57.44亿元；2021年一季度，收入为29.51亿元，超过去年总收入的一半。\n\n来源：招股书\n与此同时小鹏汽车的毛利率一路上行，已经在2021年一季度已经提升至11.2%，有望追上理想甚至蔚来。\n此外，小鹏在招股书中披露，其自动辅助驾驶服务XPILOT软件收入占第一季度营收的2.5%。\n如能继续提升软件服务的占比，小鹏将有望走出一条迥异于其他企业的发展方向，早日实现造血功能。\n尾声\n目前，除造车三杰和传统车企外，互联网造车之风也越刮越大。\n其中，华为、360专攻智能网联服务；百度、滴滴、字节切入细分自动驾驶领域，而小米想要做整车一族。\n不过，随着新能源汽车智能化趋势的推进，作为拥有自主研发软硬件一体化的互联网车企，未来小鹏在这个宽广的赛道上还是具备可想象的空间。\n但面对前有狼后是虎的局面，能够拿下港股“智能电动车第一股”对于小鹏汽车的支撑能力不言而喻。\n小鹏汽车承诺，到2023年底或2024年实现收支平衡，但要实现这一目标无疑需要更多的交付量、更高的研发投入以及广泛的产品布局，而这一切都需要更多的资金。\n兵马未动，粮草先行。\n面对未来可能继续的艰苦战役，小鹏已经做好了准备。","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":2296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}