根据2026年2月1-2日各大车企发布的最新数据，2026年1月中国汽车市场销量排行如下： 车企集团销量排行（TOP 5） | 排名 | 车企集团 | 1月销量 | 同比变化 | 主要亮点 | | --- | --- | --- | --- | --- | | 1 | 吉利汽车集团 | 270,167辆 | +1% | 海外出口60,506辆，同比翻倍；新能源124,252辆 | | 2 | 比亚迪 | 210,051辆 | -30.11% | 出口100,482辆，同比+51.47%，蝉联新能源冠军 | | 3 | 奇瑞集团 | 200,269辆 | -10.72% | 出口11.96万辆，同比+48.1%，出口占比近60% | | 4 | 广汽集团 | 116,622辆 | +18.47% | 自主品牌超4.9万辆，同比+87.58% | | 5 | 长城汽车 | 90,312辆 | +11.59% | 海外销量40,278辆，同比+43.77% | | | 🚀 造车新势力销量排行（TOP 10） | | | | 排名 品牌 1月销量 同比变化 备注 1 问界（AITO） 40,016辆 +83% 鸿蒙智 ...

2月2日，小鹏汽车-W盘初大跌近10%，最低报64.6港元/股，股价创2025年4月以来新低；截至9时53分，该股跌幅收窄至9.07%，报65.15港元/股。 | 09:53 % | | · 1 5G C | | --- | --- | --- | | ■小鹏汽车-W | | | | 09868 港股通 L2 ▼ | | | | 65.150 >> | 68.000 最高 68.000 最低 | | | -9.07% -6.500 块子 | 0.97% 总量 1510万股 金额 | | | 总值 1245亿 市盈 | -41.87 市净 3.79 | | | ADR报价: 17.980 -3.28% | | (?) (H/ADR) EE () | | 分时 - 五日 - | 日K 周K 月K | 明多 : | | 均价:65.741 最新: 65.150 -6.500 -9.07% | | | | 78.700 | | 9.84% 卖 9 65.55( | | | | 卖8 65.50( | | | | 卖7 65.45( | | | | 卖6 65.40( | | | | ಫ್ 5 65.35( | | | ...

2月1日，多家新能源车企公布1月销量。比亚迪销量21.01万辆，同比下降30.11%；小鹏交付了20011 辆，同比下降34.07%；理想交付27668辆，同比下降7.55%。 | HK | (+) | 比亚迪股份 | 93.100 | -4.76% | -4.650 | | --- | --- | --- | --- | --- | --- | | | | 01211 | | | | | HK | (+) | 小鹏汽车-W | 65.100 | -9.14% | -6.550 | | | | 09868 | | | | | HK | (4) | 蔚来-SW | 36.060 | -6.63% | -2.560 | | | | 09866 | | | | | HK | ( | 零跑汽车 | 40.140 | -5.37% | -2.280 | | | | 09863 | | | | 其中，比亚迪股份（1211.HK）跌4.86%，新势力头部"蔚小理零"中，小鹏汽车（09868.HK）跌9%，蔚 来-W（09866.HK）跌6.73%，零跑汽车（09853.HK）跌5%。 2月2日早盘，港股新能源汽车股集体大跌 ...

Core Insights - Xiaopeng Motors delivered 20,011 new vehicles in January 2026, with the Xiaopeng X9 accounting for 4,219 units, representing a year-on-year growth of 413.9% [1] - The cumulative delivery of the Xiaopeng X9 has reached 51,897 units, making it the fastest MPV model among new forces to surpass 50,000 units in deliveries [1]

2月1日，多家新能源车企公布1月销量。比亚迪销量21.01万辆，同比下降30.11%；小鹏交付了 20011辆，同比下降34.07%；理想交付27668辆，同比下降7.55%。 | HK | ਦ | 比亚迪股份 | 93.100 | -4.76% | -4.650 | | --- | --- | --- | --- | --- | --- | | | | 01211 | | | | | HK | ਦ | 小鹏汽车-W | 65.100 | -9.14% | -6.550 | | | | 09868 | | | | | HK | + | 副来-SW | 36.060 | -6.63% | -2.560 | | | | 09866 | | | | | HK | + | 零跑汽车 | 40.140 | -5.37% | -2.280 | | | | 09863 | | | | 2月2日早盘，港股新能源汽车股集体大跌。 其中，比亚迪股份（1211.HK）跌4.86%，新势力头部"蔚小理零"中，小鹏汽车（09868.HK）跌 9%，蔚来-W（09866.HK）跌6.73%，零跑汽车（09853.HK）跌5%。 ...

Group 1 - The Hong Kong stock market saw a collective decline in automotive stocks, with Xpeng Motors dropping over 8%, NIO down over 6%, and Li Auto, Great Wall Motors, and others also experiencing declines [1] - Major Chinese automakers reported January vehicle delivery data, with BYD's January new energy vehicle sales at 210,051 units, a year-on-year decrease of 30.11%, while Li Auto delivered 27,668 units, down 7.55%, and Xpeng delivered 20,011 units, a decline of 34.07% [1] Group 2 - Specific stock performance included Xpeng Motors at -8.58% with a latest price of 65.500 and a market cap of 125.09 billion, NIO at -6.53% with a price of 36.100 and a market cap of 88.96 billion, and BYD at -4.60% with a price of 93.250 and a market cap of 850.18 billion [2] - Other notable declines included Li Auto at -3.03%, Great Wall Motors at -3.09%, and Geely Auto at -2.11%, with respective market caps of 129.09 billion, 109.88 billion, and 171.66 billion [2]

乘联分会方面分析称，2026年春节时间较晚，1月为春节前最后一个完整销售月，工作日数量多于去年 同期，随着首购需求随返乡潮开始释放，全月市场预计可实现同比微增。目前，国家报废补贴已经落 实，但购置税补贴退坡产生了一定的透支效应，各省份以旧换新补贴仍在逐步落实中，导致消费者观望 情绪较为浓重，终端市场仍存不确定性。 汽车股普遍下挫，截至发稿，小鹏汽车-W(09868)跌9.14%，报65.1港元；长城汽车（601633）(02333)跌 3.47%，报12.79港元；理想汽车-W(02015)跌3.26%，报63.8港元；赛力斯（601127）(09927)逆势涨 1.2%，报96.95港元。 消息面上，2月1日，多家车企公布了2026年1月份的销量情况，绝大多数实现销量同比增长，不过分化 特征明显。小鹏汽车1月交付新车20011辆，同比下降34.07%，环比下降46.65%；理想汽车1月交付新车 27668辆，同比增长7.55%，环比下降37.47%；蔚来方面，其1月交付量为2.72万辆，同比增长96.1%；赛 力斯1月汽车销量合计4.59万辆，同比增长104.85%。 ...

Core Viewpoint - The automotive industry is shifting from direct price competition to financial incentives as companies respond to regulatory pressures against price wars, raising questions about the sustainability and risks of this strategy [2][6]. Group 1: Financial Promotions - Tesla initiated a financial promotion with a "7-year low-interest" plan, offering a minimum down payment of 79,900 yuan and monthly payments of 1,918 yuan for the Model 3 [2]. - Xiaomi, Li Auto, and other companies quickly followed suit with similar financing options, highlighting a trend towards extended loan terms and lower monthly payments to attract consumers [3]. - The trend of "7-year low-interest" financing has become a standard offering among major automakers, with various companies providing competitive down payment and monthly payment options [3]. Group 2: Consumer Behavior and Market Dynamics - There is a growing consumer demand for flexible payment options, particularly among younger buyers, which can lead to an "equivalent price reduction" effect [4]. - The automotive market is facing significant pressure, with retail sales of passenger vehicles dropping by 28% year-on-year in early January 2026, prompting companies to adopt financial promotions to stimulate demand [6]. - The impending reduction of tax incentives for electric vehicles is expected to increase consumer costs, further motivating companies to offer attractive financing solutions [6]. Group 3: Regulatory and Policy Environment - Recent policies from financial regulators have allowed for the extension of personal consumption loans to 7 years, making low-interest financing a compliant option for automakers [7]. - The government has introduced fiscal subsidies for qualifying personal consumption loans, which can help offset the costs of low-interest financing for consumers [8]. - The inclusion of the automotive sector in key fiscal subsidy areas indicates a supportive regulatory environment for financial promotions in the industry [7]. Group 4: Financing and Leasing Controversies - Many automakers are incorporating financing leasing services into their promotional strategies, which can create confusion among consumers regarding ownership and contractual obligations [9]. - The financing leasing model, while innovative, has faced criticism for potentially misleading consumers about ownership rights and responsibilities [10]. - The automotive financing leasing sector is undergoing regulatory improvements to enhance transparency and protect consumer interests [10][11].

格隆汇2月2日｜小鹏汽车-W(9868.HK)盘初大跌近10%，报64.65港元，股价创2025年4月以来新低。消 息面上，小鹏汽车昨日公布，2026年1月共交付新车20011台，这一数据明显落后于蔚来和理想，同比下 降34.07%。 ...

截至发稿，小鹏汽车(09868.HK)跌9.07%、蔚来-SW(09866.HK)跌6.53%、 比亚迪股份(01211.HK)跌 4.76%。 ...