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《大行報告》瑞銀:內地電動車製造商次季毛利受壓 第三季度密集推出新型號
瑞銀發表報告,預期第二季新能源車電池價格將較第一季上升每千瓦時200元人民幣,將令理想汽車(02015.HK)每車成本增加8,000元人民幣、蔚來汽車(09866.HK)上升1.5萬元人民幣,以及小鵬汽車(09868.HK)上升1.1萬至1.6萬元人民幣。 該行表示,由於三車企早前曾加價,估計加幅可完全覆蓋理想汽車的成本上升,但未能覆蓋小鵬汽車的成本增加,對蔚來汽車的成本上升覆蓋最少。不過,由於下訂單後通常需時一至兩個月交付,因時間上有延遲,估計三間電動車製造商次季的毛利率將受壓,並會於第三季密集推出新型號。 基於銷售增長勢頭及毛利能力等因素,三企中瑞銀最喜好理想汽車,其次為蔚來汽車,最後為小鵬汽車。
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