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大行評級丨交銀國際:內地7月車企銷量表現各異 理想汽車月交付量歷史新高

交銀國際發報吿指,根據部分已公佈的7月車企銷量數據,車企銷售表現各異,其中10家車企銷量同比增27.3%,環比大至持平,7月市場以價換量效果減弱,同時部分車企進入下半年新車發佈期,車市相對平緩。其中,理想汽車(02015.HK)交付量環比增長6.8%至5.1萬輛,創月交付量的歷史新高蔚來汽車(09866.HK)本月交付2萬輛,和該行先前報吿中預測蔚來在樂道開始交付前會透過促銷維持2萬輛左右的月銷量一致。行業首選比亞迪,評級“買入”,搭載DM5.0新技術車型交付有望令比亞迪今年銷售成長超出市場預期的約20%。下半年新車型帶來的銷量增長或有望刺激新勢力股價反彈,支撐理想汽車(02015.HK)和蔚來汽車(09866.HK)估值修復,二者均評級“買入”。

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