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《大行報告》摩通:內地新能源汽車下半年價格戰料持續 車企盈利能力面臨挑戰
摩根大通發表報告指,國家工信部等部門日前公布市場期待已久的2024至2027年新能源汽車購置稅優惠政策,預料有助帶動新能源汽車需求,對行業長期增長有利,並預測新能源汽車滲透率將提升。 但由於短期內市場競爭仍然激烈,摩通認為下半年價格戰將持續,仍然會對整車製造商的盈利能力及股價表現構成壓力,首選股份為比亞迪(01211.HK)。 摩通指出,刺激措施將加快從傳統內燃機轉移至新能源汽車的趨勢,相信混合動力汽車將在未來幾年保持穩健增長,當中比亞迪料保持主導地位,預計比亞迪今年PHEV銷售市場份額可提升至69%,給予「增持」評級。
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