大摩：新一年电动车国补出台电池行业不确定性消除

智通财经2025-12-31

智通财经APP获悉，摩根士丹利发布研报称，内地2026年国补政策出台，虽然新政策将补贴金额与汽车售价挂钩，有别于2025年的定额补贴，但补贴上限及覆盖的车款大致维持不变。市场近期曾忧虑补贴的持续性，担心2026年首季电动乘用车销售或出现显著下滑，如今此不确定性已消除。该行认为，电动乘用车补贴延续，可确保2026年电动车电池行业有高单位数增长，而强劲的电动货车及储能系统表现亦将进一步提升行业盈利。...

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大摩：新一年电动车国补出台 电池行业不确定性消除

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大摩：新一年电动车国补出台电池行业不确定性消除