高盛研究报告指，内地汽车行业产能仍然在扩张，供应相对分散；行业盈利能力有所改善，但可能只是暂时性的；而首季的现金流、营运资本及资产负债表的状态出现恶化。展望未来，该行认为首季一般都是全年最差的季度，往后的情况可能渐趋稳定。即使政府已介入以助稳定价格，但长期稳定需要行业内部整合，期间削减成本或有帮助。
该行将小鹏汽车-W(09868.HK) (XPEV.US) 评级由“中性”升至“买入”，港股目标价94港元，美股目标价24美元，因见到一系列包括供应链重整等措施，有助重塑集团产品及成本结构的竞争力，令销量持续增长及利润率改善的可见度更高。另外，该行将蔚来(09866.HK) (NIO.US) 评级由“沽售”升至“中性”，相信管理层的成本减省措施，可于未来三年改善公司的盈利水平4至10%。(ss/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-06-17 16:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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