资源描述
SAC S0850522120003 SAC S0850522030001 SAC S0850523020001 SAC S0850517090004 2023 8 3 1.2.3.2 1ZDWxOqNnOqRoQnOsPtMoP7NdN9PoMnNtRmPjMmMyQfQmMmQ9PqQvNwMsRpQwMnNnN 1.3 3-5 2-3 WIND 1.4 2022 654 105%27.8%2023 H1 358 44%29.7%2022 11 35.8%0%50%100%150%200%0100200300400500600700 YOY 0%5%10%15%20%25%30%35%40%01020304050607080902020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-102023-012023-04 1.8-15 5 8-15 2023 H1 8-15 14%32%0%10%20%30%40%50%60%70%8 8-10 10-15 15-20 20-25 25-30 30-35 35-40 40-45 50 2023H1 2022 2021 1.2023 2022/2023/2023 YOY 2022 2023 8 108 105-3%38%40%8-10 32 52 63%15%24%10-15 82 193 136%12%28%15-20 186 212 14%40%45%20-25 65 81 25%28%35%25-30 41 43 5%34%35%30-35 56 57 1%39%40%35-40 55 55 0%56%55%40-45 25 33 31%25%35%50 6 9 50%22%35%655 840 28%28%36%2023 840 33%8-15 2023 6 0%10%20%30%40%50%60%70%80%90%100%1.2023H1 CR10 78%7 2021 2023H1 CR10 78%CR10 59%1.8 2021 2021 2022 2023H1 2023H1 37.3%3 2021 2022 2023H1 1 18.3%30.4%37.3%2 14.7%8.6%10.1%3 11.1%8.4%6.9%4 4.6%4.3%6.1%5 4.2%4.1%4.8%6 3.5%3.5%4.2%7 3.4%3.0%3.4%8 3.3%2.8%2.4%9 3.2%2.6%2.3%10 3.1%2.6%1.7%1.9 1 2 1 2 PE PS PE PS 2.10 2020 2023 5 32.7%2022 3 2020 2.11 2.5 ADAS WIND 2020 2023Q2 5 2020 2023Q2 5 12 L0 L5 6 L0 L1 L2 L3 L4 L5 2.13 2.L2 L3 L4 2020 L2 15%202234.5%2022 11 L3 L4 2022 11 L3 L4 14 2.2022 1 2/3 15 2.2023-24 NOA NGP 2024 NOA L3 16 NOA 车企 XNGP 2023 3 XNGP G9 Max P7i Max ADS2.0 ADS2.0 M5 2023 15 2023 45 NOP+2023 年7 月，蔚来NOP+在北 京落地 AD Max 2023 4 18 AD Max3.0 2023 100 NOH 2024 预 计 将在2023 年开 启城市NOA 公测 2.1-OTA-2023-2025 NGP 2/-4D-3 1 2 800V SiC 17 2.18 2.Wind AUTO 19-7000-11000 55%45%2025 1200 2025 1400 35%22%43%-2.20 2 21 2020 138kg 2030 242kg 3600 3.GDP WIND GDP-40%-30%-20%-10%0%10%20%30%40%05101520253035404550200720092011201320152017201920212023H1 YOY-20%-15%-10%-5%0%5%10%15%20%050100150200250300350400450200720092011201320152017201920212023H1 YOY 0%2%4%6%8%10%12%14%16%18%20%0200000400000600000800000100000012000001400000200720102013201620192022GDP GDP(YOY 22 3.WIND 23-60%-40%-20%0%20%40%60%0501001502002503003504004505002013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YOY YOY YOY YOY 3.2023 90+34%24 0500001000001500002000002500001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 2019 2020 2021 2022 20233.2023H1 26%IMF GDP IMF WIND 0%5%10%15%20%25%30%0102030405060708090 IMF GDP-10%-5%0%5%10%15%20%1999200120032005200720092011201320152017201920212023E2025E2027EGDP 25 2023 1-6/52%/28%/20%2022 44%/25%/31%2023 1-6 3.26 0%10%20%30%40%50%60%70%80%90%100%2015 2016 2017 2018 2019 2020 2021 2022 2023H1 78%80%82%84%86%88%90%020406080100120140160180 CR5 2023 1-6/WIND 3.27 0%5%10%15%20%25%30%35%2013Q12013Q42014Q32015Q22016Q12016Q42017Q32018Q22019Q92019Q42020Q32021Q22022Q12022Q4 3.28 4.2022 29 5.30 SAC S0850522120003 SAC S0850522030001 Email Email SAC S0850523020001 Email:Email SAC S0850517090004 Email 31 1.6 6 2.A 500 10%-10%10%-10%6 10%-10%10%-10%32
展开阅读全文