智通财经APP获悉，中信里昂发布研报称，根据本周中国汽车订单情况，认为新车型周期仍是2026年的重要催化剂。总体而言，该行看好比亚迪控股(01211)、吉利汽车(00175)和零跑汽车(09863)，因其规模优势及稳定的平均销售价格。
报告中称，理想汽车-W(02015)承诺加速其车型管线，吉利汽车银河系列则计划明年保持与今年相同的新产品推出量。然而，该行预计主要整车制造商(OEM)的产品组合将从2026年逐步稳定，并以比亚迪控股的策略，即优先改款车型而非全新车型，以及主要国际OEM为基准。
该行认为，随着OEM在新能源车的产品布局日益完善，在各价格范围内具备规模优势的企业，将最有可能受益。同时认为，采用双轨定位，即内燃机车型和新能源车型的OEM，在2026年的竞争中更具优势，因这能在可能的政策变化中提供对冲保护。
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