交銀國際:比亞迪(01211.HK)與特斯拉從競爭對手變商業夥伴 料在電池競爭中脫穎而出
交銀國際發表報告表示,比亞迪(01211.HK)執行副總裁表示,公司即將向特斯拉(TSLA.US)供應電池,這是比亞迪首次確認與特斯拉的業務合作關係,從過去的競爭對手演變成商業夥伴。該行指在磷酸鐵鋰(LFP)電池市場,比亞迪今4月份的市場份額高達47%(對比2021年為31%),而寧德時代(300750.SZ)於今年4月僅為34%(對比2021年為50%)。
該行指,隨著車企尋求增加電池供應商,比亞迪的LFP電池和刀片電池由於密度高,有望在競爭中脫穎而出,繼續看好比亞迪,預計其DM-i和車型升級周期將帶動新能源汽車銷售強勁。上半年插電式混合動力汽車的需求強於預期,鑒於其價格吸引和續航裡程長,該行預計2023年將繼續暢銷。
由於新能源汽車和電池銷售前景亮麗,交銀國際維持對比亞迪「買入」評級及目標價382元。
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