异动解读 | 小鹏汽车股价大跌5%,G7定价低于预期引发市场担忧

异动解读
Jul 04, 2025

7月4日,小鹏汽车(09868.HK)股价盘中大跌5%,引发市场广泛关注。这一跌幅主要与该公司新款SUV车型G7的发布有关。

7月3日晚间,小鹏汽车正式发布全新中型SUV——小鹏G7。新车起售价19.58万元,远低于此前23.58万元的预售价。虽然定价具有竞争力,但也引发了投资者对公司利润率的担忧。小鹏汽车董事长何小鹏表示,G7的经营能力会非常不错,公司是在"更好的经营和品质下卷价格"。

G7被定位为"全球首款L3级算力的AI汽车",搭载小鹏自研的图灵AI芯片,总算力超过2200 TOPS。新车开售9分钟内获得超过1万台订单,显示出较强的市场吸引力。然而,近期小米汽车SU7的火爆上市(18小时内获得24万订单)可能也给投资者带来一些担忧,加剧了市场对电动车行业竞争加剧的忧虑。

此外,小鹏汽车股价在今年上半年已经大幅上涨,今日的回调也可能部分源于投资者的获利了结。尽管如此,公司2025年上半年的销量表现强劲,累计交付19.7万辆,已超过2024年全年水平,显示出公司业务的持续增长势头。

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