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《大行》高盛料內地電動車今年產能增250萬輛 全年銷售240萬輛
高盛研究分析指,據該行自下而上分析,料內地電動車今年內產能將增加250萬輛,較2023及24年的550萬及320萬輛增速有所放緩,但產能仍按年增13%。截至去年,國內十大汽車製造商市佔率不足80%,市場仍相對分散,相較於其他已成熟市場為90%。 該行認為去年及今年首5月的170萬及130萬輛電動車銷售,是由政府以舊換新政策推動;料今年全年電動車銷售達240萬輛。另外,該行指行業首季財務狀況出現惡化,但因首季一般表現都較差,料之後情況會轉趨穩定,但隨著利潤率和資產負債表可能面臨壓力,進一步調整供應鏈將變得越來越困難。 股份方面,該行將小鵬汽車-W(09868.HK)(XPEV.US)評級由「中性」升至「買入」,港股目標價94港元,美股目標價24美元;將蔚來(09866.HK)(NIO.US)評級由「沽售」升至「中性」,H股目標價由29港元升至29.5港元。
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