智通财经APP获悉，中银国际发布研报称，维持理想汽车-W(02015)“买入”评级，目标价140港元。该行称，理想汽车第四季收入按季升3.3%至443亿元人民币，其中汽车毛利率稍逊于指引，主要来自供应商采购承诺应计损失。
该行表示，即使汽车利润率下降，去年第四季非通用会计准则纯利按季保持扩张至40亿元人民币，受惠严格控制营运开支，单位盈利维持约2.5万元人民币。由于车型转换，即使首季交付较弱，管理层表示，5月份现有车型将会升级至智慧驾驶模式，料将助推每月交付量重回5万辆或以上。
该行预料，今年L系列的增程式电动汽车(EREV)销量或与去年持平，故今年整体销售增长很大程度上依靠将于下半年推出的两款纯电动车(BEV)车型。尽管在受到EREV转型影响、电动车的不可见因素等，令其短期增长放缓，但该行仍看好理想汽车在高端汽车市场具有公认的领导地位，并且在未来人工智能竞赛中拥有巨大潜力。
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