Jinwu Financial News | According to J.P. Morgan Chase Research Report, due to the fierce competition inherent in the BEV (BEV) market, Ideal Auto (02015) recently expanded its product portfolio to pure electric vehicles, which posed a challenge. The bank anticipates that extended-range electric vehicles+plug-in hybrid vehicles (EREV+PHEV) will continue to grow faster, so it is expected to achieve higher sales growth than the pure electric vehicle market.

According to the bank, Ideal Auto's current stock price reflects the potential for growth over the next 6-9 months and adverse factors in sales volume and profit margins. For the first time, it has been given a “neutral” rating, with a target price of HK$82. The bank believes that the current favorable factors for Ideal Auto have decreased and the negative factors have increased. The current price is more optimistic about BYD shares (01211) and Brilliance China (01114).