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大行評級|招銀國際:百度自動駕駛持續推進有望顯著推動UE提升 維持目標價183美元
格隆匯 07-11 15:14

招銀國際發表研究報吿指,北京經信局早前發佈關於對《北京市自動駕駛汽車條例(徵求意見稿)》公開徵集意見的公吿,推動市場對自動駕駛相關標的的投資情緒提升。該行對百度對蘿蔔快跑(Apollo Go)作出分析,認為集團的全無人自動駕駛業務的持續滲透或有望推動業務單位經濟模型(UE)顯著提升,未來硬件成本進一步下探、每張訂單乘車距離提升及補貼優化、雲端代駕駕駛人員覆蓋車輛範圍提升及成本優化均可望推動UE進一步提升。

報吿提到,在今年4月武漢蘿蔔快跑業務超過70%的訂單已由全無人車輛完成的情況下,管理層有望達成既定的2024年年末盈虧平衡目標。該行認為,雖然自動駕駛的商業化落地受一城一策影響,推進步伐或有差異,但城市維度的監管指引陸續變得清晰,有助推動自動駕駛產業發展進一步提速,而具備技術和有效數據累積的公司有望持續受惠。該行維持集團目標價183美元及“買入”評級。

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