招商证券：油价中枢系统性上移关注汽车板块投资机会_老虎社区_美港股上老虎

招商证券：油价中枢系统性上移关注汽车板块投资机会

智通财经网04-14

智通财经APP获悉，招商证券发布研报称，2026年2月底美以伊冲突爆发致霍尔木兹海峡封锁，全球原油供给净缺口扩大，地缘溢价与运输成本攀升共同确立了油价中枢的系统性上移。油价上涨将对新能源汽车制造成本及出口海运费造成扰动。维持汽车行业的“推荐”投资评级。重点关注整车板块的投资机会，推荐各领域龙头。招商证券主要观点如下：油价上涨对新能源整车行业的影响燃油车与新能源汽车的核心使用成本差异为油价，油价上涨...

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