Sniper

The Report is produced in Chinese only.

昔日報告:
  29-04-2024 (星期一) “以舊換新”靴子落地,車市或迎小陽春
  02-04-2024 (星期二) 品牌服飾與鞋類正進入補貨週期
  11-03-2024 (星期一) 新一輪以舊換新政策或提振市場情緒
  27-11-2023 (星期一) 試點開始,智能網聯汽車關注度提升
  06-11-2023 (星期一) 2023 年第三季全球 PC 出貨量再次下降
[第1頁 / 共66頁]

2023上海車展觀後感

從2023年上海車展歸來,我們總結此次車展,有三大最重要的關鍵詞:“油電反轉,國產高光,智能加速”。

1)“油電反轉”主要體現在新車型方面:本次上海車展亮相的新車共93款,其中新能源新車型69款,占比達到74.2%,首次超過傳統燃油車新車型,而此前的2021年上海車展,新能源新車型的占比只有43.6%,反映新能源車滲透率正在加速提升。

2)“國產高光”指自主品牌正在加速崛起:從新車發佈數量來看,自主品牌/歐系/美系/韓系車企分別為 51/28/10/4 款,其中新能源新車數量分別為 42/17/1/4 款,無論新車數量還是新能源新車數量,自主均大幅領先合資品牌;從現場觀眾熱度來看,自主品牌所獲關注度遠高於合資/進口品牌,往日人潮湧動的超豪華車展臺已經轉移到了一線自主品牌展臺;從整體車型體驗來看,一些合資車企在新能源車型上配置的車機體驗至少落後自主品牌一個代際。

3)“智能加速”:智能座艙、智能駕駛、車路協同等方面都有諸多新產品發佈,多家主機廠在新車型上配置了更多的智能化新技術,實現更優的體驗與性能,例如從多屏幕互動延伸到全場景交互。隨著主機廠在配置上的競爭日趨白熱化,智能化已經走上了快速增長的發展軌道。

我們預計,新能源汽車滲透率將繼續提升,今年或達到36%,銷量將可達800-900萬輛的水平。汽車智能化是確定性方向,在汽車智能升級的背景下,在智能座艙以及智能駕駛方面能夠領先的主機廠或將獲得更大的競爭優勢。個股上,我們建議關注德賽西威(002920.CH),中科創達(300496.CH),伯特利(603596.CH),華陽集團(002906.CH)以及保隆科技(603197.CH)。

撰稿: 章晶 研究分析員
電話:
+86 21 51699400-103

電郵地址:
zhangjing@phillip.com.cn
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us