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《大行報告》里昂料減購置稅帶動100萬至200萬輛新乘用車需求 使行業擺脫當前困境
國務院日前公布一系列穩經濟措施,當中包括減免600億元人民幣的汽車購置稅。里昂預料,減購置稅將帶動100萬至200萬輛新乘用車需求,使行業擺脫當前困境。 里昂認為,假設減免措施適用於所有內燃機(ICE)汽車,以每輛16.68萬人民幣(下同)的平均價格計算,將惠及813萬輛汽車,料政策將持續八個月;假設1.6L以下小排量燃油車購置稅減半,按均價12萬元計算,惠及1,130萬輛汽車,政策預計持續十二個月。假設每輛汽車補貼5,000元,1,200萬輛汽車將受益,政策預計持續兩年以上。 里昂預計,該政策將有利於廣汽集團(02238.HK)等燃油車銷售彈性高、毛利率良好的車廠,此外小鵬汽車-W(09868.HK)等新能源汽車初創也可能受益。
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