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花旗:是時候關注中資汽車增長股
花旗發表研究報告,將今年中國新能源車銷售預期從178萬輛至252萬輛,同時下調對今年傳統燃油車的銷售預期。該行預期市場正從防守型的股份,轉至增長型的汽車股。在面對芯片短缺的情況下,車廠較關注利潤多於銷量,同時中國消費者開始接受新能源車。同時車廠需要加大新能源車銷量,抵銷企業平均燃料效率(CAFC)下的碳排放額度。預計行業今年的碳排放額度將可令比亞迪、蔚來、小鵬、理想受惠,因生產足夠數目的新能源車,並可將過量的額度出售,即使在芯片短缺甚至無芯片的情況下,也可透過銷售額度獲利。該行表示,比亞迪、小鵬、蔚來在新能源車市佔率方面最積極,而吉利在芯片短缺的情況下,可在同業中最快復甦。
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