《大行報告》中金:市場憂內地7月新能源車首兩周需求較弱 高溫天氣影響消費者到店及試駕
中金發表報告指,6月內地新能源車銷量再超預期且創歷史新高,近期市場擔憂7月首兩周行業需求相對較弱,除因傳統的季節性影響外,今年嚴重的高溫天氣亦影響消費者進店及試駕等環節。另預計4至5月的疫情爆發,家庭用戶出遊或也對進店客流產生一定的負面影響。
報告指,進入第三季,建議關注漲價訂單交付及碳酸鋰價格邊際繼續下降,有望帶動新能源車企利潤率修復。該行料下半年約20萬元或30 萬元人民幣以上車型為重點新車投放細分市場,建議關注如比亞迪(01211.HK)海豹、蔚來(09866.HK)ES7、理想(02015.HK)L9、小鵬(09868.HK)G9等,暢銷車型有望帶來顯著銷量增量及催化。
此外,做車新勢力在第三、四季均有望迎來進一步的產能釋放,實現月銷由1至2萬輛升至2至3萬輛,或有望帶動市場份額進一步提升。中金建議關注龍頭自主整車和新勢力車企,包括理想、小鵬、蔚來、長城(02333.HK)及吉利(00175.HK)等,以及電動智能零部件商福耀玻璃(03606.HK)。
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