中金:理想汽車(2015.HK)1月交付量符預期,維持公司跑贏行業評級
中金研報指,理想汽車(2015.HK)1月實現交付12268輛,同比+128.1%,環比-12.9%,連續三個月交付突破一萬輛;環比受到春節因素影響,基本持平行業表現,符合該行的預期,維持“跑贏行業”評級,目標價146港元。
該行認為,2022年理想將開啟全新產品週期,穩步從大單品邁向多元化;配備NvidiaOrin高算力芯片和激光雷達的智能豪華SUVX01規劃於3Q22量產,該行預計與新晨動力合作研發的全新增程器有望於X01實現搭載,帶動整體動力表現繼續提升。此外,基於全新X平台,該行預計X01有望推出更具體驗性的車內智能座艙功能。
往前看,該行認為理想耐心把控產品推出節奏,堅持大單品“爆款”戰略,已將理想ONE上呈現的消費者需求洞察和產品打磨能力,內化為“強產品力基因”,伴隨後續產品線豐富,有望在各細分市場多點開花,長期成長可期。

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