大行評級|交銀國際:歐盟潛在關税影響可控 難以阻礙中國車企出海步伐
交銀國際發表報吿指,歐盟委員會披露的臨時關税比市場之前預期的25%略低。該行認為部分具備規模效應和供應鏈優勢的車企在約20%的關税下依然具備競爭力。但是規模較小的如蔚來、小鵬等一眾新勢力依靠中國生產再運輸進入歐盟影響較大。
該行預計,本土化生產未來將成為中國車企進入歐洲市場的主要戰略。歐盟的關税跟美國的政策目的不同,主要目的是減少中國車企依靠成本優勢從中國出口低成本新能源車到歐洲。因此認為會有更多中國車企會在歐洲本地建廠,此舉有助於樹立自有品牌形象,節省運費和潛在關税上升。歐盟潛在關税影響可控,難以阻礙中國車企出海步伐。比亞迪、吉利和長城出口佈局完善,海外銷量有望維持增長。
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