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蔚來-SW(09866.HK)李斌:有信心年內毛利率回升至最高20% 碳酸鋰價年底或顯着回落
蔚來-SW(09866.HK)(NIO.US)公佈2022年止第四季度業績,錄得虧損擴大至58.47億人民幣(下同),其中,汽車銷售額147.59億元,按年增加60.2%,按季增加23.7%。汽車毛利率降至6.8%創新低,主因現有ES8、ES6及EC6車型相關的存貨撥備、生產設施加速折舊與購買承諾損失,對汽車毛利率影響6.7個百分點。 對於2022年蔚來毛利率創新低,蔚來董事長、創始人兼行政總裁李斌在第四季業績電話會議上表示,因目前蔚來正處於第一及二代平臺轉換期,需以優惠價清除現有庫存,而今年首季主要交付車型仍以毛利較低的ET5爲主。李斌表示,今年將有五款新車交付,認爲現有產品組合足以支持每月三萬輛的銷量,相信今年全年能夠完成交付量翻倍的目標。 李斌表示,因自第二季起將有更多毛利較高的產品交付,交付量於第三季加速,並配合鋁材及晶片等原材料價格可望回落,有信心汽車毛利率於今年內可回升至18%至20%。預期電池原材料碳酸鋰價格於第四季回落至每噸20萬元人民幣,這將有助生產成本攤分改善。若原材料價格下降速度符合預期,預期今年第四季撇除創新業務開支投入前將可實現盈利。蔚來今年亦會引進新電池合作夥伴,目前正與寧德時代(300750.SZ)商討新價格機制,惟尚未簽署協議。 在智能駕駛方面,蔚來已向NT2.0平臺全量用戶分批推送NOP+增強領航輔助Beta,並將於今年上半年推出更多的功能並逐步實現高速領航換電。於2023年計劃新增1,000座換電站,到2023年底累計建成超過2,300座換電站。目前三代站的量產工作進展順利,預計4月份開始大規模量產。
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