Morgan Stanley:文遠知行創下Robotaxi銷售記錄 其強勁的海外業務表現令市場矚目
Morgan Stanley最新研報評價文遠知行(WeRide)“符合預期”,認爲其創下Robotaxi銷售記錄,其強勁的海外業務表現令市場矚目。下半年Robotaxi業務仍將是核心增長引擎,而全球市場擴張將成爲未來發展的基石。Morgan Stanley對文遠知行的樂觀預期主要基於:(1)公司推出了搭載2片英偉達Thor芯片的HPC 3.0計算平臺,將自動駕駛套件成本降低50%,也將成爲其實現Robotaxi業務盈虧平衡的關鍵因素;(2)公司產品擁有6國自動駕駛牌照,涵蓋中國、沙特、阿聯酋、新加坡、法國、美國。繼進入阿布扎比和迪拜之後,公司將於年內在利雅得推出Robotaxi商業運營服務;(3)公司在阿布扎比的Robotaxi業務擴大運營範圍,已覆蓋阿布扎比近一半核心區域,預計將使訂單量翻倍;(4)公司將在中東同行中保持領先地位,基於該地部分監管部門提出2030年實現25%自動駕駛滲透率的規劃,當地robotaxi規模有望達3萬輛;Morgan Stanley認爲公司的先發優勢及與Uber的合作夥伴關係成就其關鍵護城河;(5)公司成功獲準在上海市浦東新區開展示範應用服務,攜手奇瑞汽車、錦江出租開展合作。Morgan Stanley預計當地Robotaxi車隊將於2026-2027年逐步增加。
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