理想汽车的至暗时刻已过？大摩最新报告揭示被忽视的三大信号

发布于 2025-08-14

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12px;padding: 0px;border: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;word-break: break-word;overflow-wrap: break-word;color: rgba(0, 0, 0, 0.9);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;">å½åè¡ä»·å·²è·å7æåæ°´å¹³ï¼å³å¸åºå°æªè®¡ä»·i8ééçä½ç½®ï¼ï¼æ©æ ¹å£«ä¸¹å©éè¿æè§£è´¢å¡æ¨¡åæåºä¸å¤§é¢æå·®ï¼<blockquote style="margin: 16px 0px;padding: 0px 0px 0px 12px;border-top: 0px;border-right: 0px;border-bottom: 0px;border-left: solid var(--yb-md-blockquote-border-color) 4px;border-image: initial;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-variant-numeric: inherit;font-variant-east-asian: inherit;font-variant-alternates: inherit;font-variant-position: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: inherit;font-family: "PingFang SC", -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Ubuntu, "Helvetica Neue", Helvetica, Arial, "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", "Source Han Sans CN", sans-serif;font-optical-sizing: inherit;font-size-adjust: inherit;font-kerning: inherit;font-feature-settings: inherit;font-variation-settings: inherit;vertical-align: baseline;quotes: none;color: var(--yb-md-blockquote-color);letter-spacing: normal;orphans: 2;text-align: start;text-indent: 0px;text-transform: none;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;white-space: normal;background-color: rgb(252, 252, 252);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;"><table style="border-collapse:collapse;width:428px;"><tbody><tr style="height:27.00pt;"><td data-colwidth="145" width="72" style="height: 27pt;"><section>ææ </section></td><td data-colwidth="94" width="72"><section>å¸åºå±è¯</section></td><td data-colwidth="94" width="72"><section>å¤§æ©é¢æµ</section></td><td data-colwidth="95" width="72"><section>å·®å¼ç©ºé´</section></td></tr><tr style="height:36.00pt;"><td data-colwidth="145" width="72" style="height: 36pt;"><section>2025å¹´iç³»åéé</section></td><td data-colwidth="94" width="72"><section>3.8ä¸è¾</section></td><td data-colwidth="94" width="72"><section>5ä¸è¾</section></td><td data-colwidth="95" width="72"><section>31%</section></td></tr><tr style="height:36.00pt;"><td data-colwidth="145" width="72" style="height: 36pt;"><section>åè½¦æ¯å©ç</section></td><td data-colwidth="94" width="72"><section>18.10%</section></td><td data-colwidth="94" width="72"><section>19.3%</section></td><td data-colwidth="95" width="72"><section>+1.2pp</section></td></tr><tr style="height:36.00pt;"><td data-colwidth="145" width="72" style="height: 36pt;"><section>2026å¹´PEä¼°å¼</section></td><td data-colwidth="94" width="72"><section>18å</section></td><td data-colwidth="94" width="72"><section>23å</section></td><td data-colwidth="95" width="72"><section>28%</section></td></tr></tbody></table><p style="margin-top: 8px;margin-bottom: 12px;padding: 0px;border: 0px;font-style: inherit;font-variant: inherit;font-weight: 400;font-stretch: inherit;font-size: 16px;line-height: 1.75;font-family: inherit;font-optical-sizing: 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​​理想汽车的至暗时刻已过？大摩最新报告揭示被忽视的三大信号​

理想汽车的至暗时刻已过？大摩最新报告揭示被忽视的三大信号