《大行報告》大摩引述蔚來-SW(09866.HK)料今年底每月產能可倍升至3萬輛 估ET5銷量顯著增長
蔚來-SW(09866.HK)今早(15日)股價抽上,盤中曾高見154.1元一度彈高16.2%,最新報151.4元升14.2%。摩根士丹利近日發表報告表示,參與了蔚來的非交易路演,公司管理層分享了對未來幾個季度的生產、交付和利潤率前景的看法。公司指短期陣痛是不可避免的,由於目前不利的規模和電池及芯片成本令第二季毛利率受壓,料按季將下跌3至4個百點,但相信最終可克服,但蔚來重申其認為最壞的時期已經過去,並對今年下半年前景具信心。
蔚來表示,從6月起銷量回升,估計至今年下半年末總產能將可翻倍至每月3萬輛,因蔚來推新車型和升級後的 SUV可從第三季起提供充分的市場機會,料一號工廠可以在第三季度的某個時候全速運行;二號工廠將在今年第四季度提供額外動力。
蔚來管理層指雖然沒有萬無一失的方式來保證所有組件的供應,但公司指已經做好了充分的準備,包括零部件供應多元化、作額外的戰略庫存等,該公司亦預計ET5的銷量會顯著增長,在推出後3至4個月可能會達到每月銷量1萬輛。
大摩表示,維持對蔚來(NIO.US)「增持」評級及目標價31美元。
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