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《大行》里昂料內地電動車市場增長放緩 首選吉利(00175.HK)及比亞迪(01211.HK)
里昂研究報告指,認爲國內電動車快速增長局面將成歷史,預期銷售增長的年均複合增長率將由過去五年的60%,放緩至2030年的10%,亦可解釋到車企急於在行業版圖穩定前增加市場份額。結構上,尚未充分滲透的大衆市場,即價格低於10萬人民幣(下同)、以及15萬至20萬元的市場,最終將會被徹底滲透,併爲行業降價提供避風港。
展望未來幾個月,該行指汽車股份將因價格戰而承壓,並料價格戰會持續更久及更深入,但認爲將有助解決供應過剩問題,而政府近期介入亦有助限制行業利潤率的下行風險。相信塵埃落定後,有成本優勢及領先海外足跡車企的利潤率會更穩定。行業首選爲吉利(00175.HK)及比亞迪(01211.HK)。
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