+关注
投资初心
暂无个人介绍
IP属地:未知
524
关注
5
粉丝
0
主题
0
勋章
主贴
热门
投资初心
2021-10-08
[微笑] [微笑]
打爆空头!特斯拉业绩大超预期,"芯片荒"下竟躲过停工
投资初心
2021-09-08
[微笑] [微笑]
福特挖角苹果汽车项目主管Doug Field
投资初心
2021-09-08
[微笑] [微笑]
福特挖角苹果汽车项目主管Doug Field
投资初心
2021-08-24
[微笑] [微笑]
电动汽车争霸赛进入下半场,新王可能正在路上
投资初心
2021-08-08
[微笑]
抱歉,原内容已删除
投资初心
2021-06-12
强势,可以期待。
投资初心
2021-06-05
[微笑] [微笑]
Can Alibaba Stock Hit $500? If You Got Time, Yes
投资初心
2021-05-24
[微笑] [微笑]
抱歉,原内容已删除
投资初心
2021-03-30
等待适合买的,
投资初心
2021-03-29
反弹行情吧,也有量。
投资初心
2021-03-28
都不给我上车的机会
投资初心
2021-03-18
开始走强起来了
投资初心
2021-02-16
$老虎证券(TIGR)$
买少了[微笑]
投资初心
2021-02-11
[呆住]
抱歉,原内容已删除
投资初心
2021-02-08
哦
提醒:春节假期主要市场休市安排一览
投资初心
2021-02-08
[微笑] [微笑] [微笑] [微笑] [微笑] [开心]
京东物流再传上市,刘强东这次真急了?
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":3559090183564391,"uuid":"3559090183564391","gmtCreate":1595996161174,"gmtModify":1596000121928,"name":"投资初心","pinyin":"tzcxtouzichuxin","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":5,"headSize":524,"tweetSize":16,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":6,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"02aa7f16703b4ce4ace6f1a7665789cc-1","templateUuid":"02aa7f16703b4ce4ace6f1a7665789cc","name":"知识体验官","description":"观看学堂课程满5节","bigImgUrl":"https://static.tigerbbs.com/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://static.tigerbbs.com/c2660a1935bd2105e97c9915619936c3","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.06","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":2006},{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.05","exceedPercentage":"93.00%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.61%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.18","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":6,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":4,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":823424668,"gmtCreate":1633656260433,"gmtModify":1633656260647,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823424668","repostId":"1176501017","repostType":4,"repost":{"id":"1176501017","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯,最专业的解读分析,覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1633653233,"share":"https://www.laohu8.com/m/news/1176501017?lang=&edition=full","pubTime":"2021-10-08 08:33","market":"us","language":"zh","title":"打爆空头!特斯拉业绩大超预期,\"芯片荒\"下竟躲过停工","url":"https://stock-news.laohu8.com/highlight/detail?id=1176501017","media":"券商中国","summary":"“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”\n这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在","content":"<p>“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”</p>\n<p><b>这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在近日披露的三季报中,特斯拉第三季度全球范围内交付量达24.13万辆,轻松打破上个季度的历史纪录,并大幅超过市场预期。公司股价在本周一美股大跌中逆势上涨,继续打爆做空势力,更有华尔街分析师给予其12个月内1000美元/股的目标价。</b></p>\n<p>不过,特斯拉本周一遭遇一纸判决:因应对工厂种族歧视不力,被判向一名前员工赔偿1.37亿美元(约合人民币8.8亿元)。</p>\n<p>但同时也有“好消息”传来,美国国家公路交通安全管理局拒绝了2019年对其火灾展开正式调查的请愿书,该机构称“无法将事故与任何设计或制造缺陷情况联系起来。”</p>\n<p><b>持续击败华尔街空头</b></p>\n<p>近日,特斯拉公布2021年第三季度全球的生产和交付情况,所有车型总交付量达到24.13万辆,打破今年第二季度创下的历史纪录,环比涨幅达到接近20%,这无疑是超预期的数字:早在三季报公布之前,华尔街曾公布一项对分析师的调查,行业分析师们预计特斯拉在三季度平均交付22.27万辆车,较最终公布的数据仍是低估了不少。</p>\n<p><img src=\"https://static.tigerbbs.com/50297175934d52fd9eac0a6175699ef3\" tg-width=\"922\" tg-height=\"443\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>图源:INSIDEEVs</p>\n<p><b>受此利好消息影响,本周一在美股三大股指集体下挫的行情下,特斯拉逆势上涨0.81%,盘中最高涨逾4%。截至周四收盘,特斯拉最新市值达7950亿美元。</b></p>\n<p>不仅如此,大摩还将公司2021年交付量预期从83.5万辆上调至88.1万辆,2022年交付量预期从113万辆上调至120万辆,并维持特斯拉900美元目标价和“超配”评级。</p>\n<p>自3月份触及2021年低点以来,特斯拉的股价已上涨41%,如果将时间拉长至去年年初,400多个交易日以来,公司股价涨幅则超过8倍。这让敢于押注股价下跌的华尔街空头伤了脑筋:该公司曾经是纳斯达克被做空最多的股票——去年最多时有多达20%的流通股为卖空股。然而,据彭博社报道,“但现在看起来他们中的大多数人已经放弃了。”</p>\n<p>根据IHS Markit Ltd.的数据,截至上周四,投资者借入的股票百分比已降至特斯拉流通股1.1%,这是自2010年上市以来的最低水平,并在过去的12个月里,卖空比稳步下降。</p>\n<p>而早在今年年初,金融数据公司S3 Partners就披露数据,2020年特斯拉股价上涨743%,让空头们损失高达401亿美元。该公司董事总经理Ihor Dusaniwsky表示,这不仅是去年所有空头在股票上遭受的最大损失,也是有史以来最大的空头损失。</p>\n<p><b>Wedbush的金融分析师的Dan Ives给客户发的邮件继续重申1000/股美元是特斯拉未来12个月的目标价格。他认为特斯拉有望在今年实现90万辆的年交付量。“当前新能源车的全球保有仅为3%,到2025年电动汽车可能会增长到10%,并且随着各国继续出台减少碳排放的政策,将提振新能源车并使特斯拉及其相关股票受益。”</b></p>\n<p>值得一提的是,在中国,受负面舆情以及国产新能源车异军突起的竞争影响,特斯拉光环似乎在逐渐褪去。然而,虽然三季报中并未透露世界各个国家和地区的销量情况,但Future Fund的投资组合经理Gary Black表示,特斯拉三季度创纪录的交付是由中国市场良好销量推动的,这“打破了中国需求正在放缓的任何想法”。</p>\n<p><b>全球汽车芯片困境中独树一帜</b></p>\n<p><b>众所周知,特斯拉是世界上垂直整合度最高的公司之一,它控制和维护自己的部件供应链,甚至包括车辆座椅。然而,在面对世界性的芯片短缺时,特斯拉似乎也有点吃力。</b></p>\n<p>据路透社上个月报道,马斯克表示,特斯拉在第三季度早些时候遭遇了极其严重的零部件短缺。虽然面临困难,但在全球所有汽车制造商中,特斯拉基本是为数不多的基本成功避免芯片危机的公司,因而没有出现大规模的生产停工。</p>\n<p>因此,三季报发布后,马斯克在推特上连发两条动态,着重感谢了供应商和合作伙伴在“艰难时刻”的付出。</p>\n<p><img src=\"https://static.tigerbbs.com/3aec3fb9f1ffbaea4d276f7b11c547dc\" tg-width=\"1080\" tg-height=\"207\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6ec44402545fe29a8779a3f500dee2ae\" tg-width=\"1080\" tg-height=\"234\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>大摩在给客户的一份报告中表示,特斯拉的垂直整合能力,加上其灵活的企业文化和相对较小的公司规模,帮助其克服了阻碍该一些老牌公司的芯片短缺问题。大摩称赞在芯片方面的努力“它研发了属于自己的AI芯片来服务其自动驾驶工作,(特斯拉)不仅是芯片制造领域的老手,而且还是自己供应商的竞争对手。”</p>\n<p><b>“虽然电动汽车领域有很多竞争对手,但特斯拉在与芯片短缺作斗争的同时,继续在占据市场份额的主导地位。”Dan Ives表示。</b></p>\n<p><b>被判向1名前员工赔偿8.8亿</b></p>\n<p>旧金山联邦法院周一裁定,特斯拉使前黑人员工Owen Diaz遭受了种族敌意工作环境,未能采取合理措施来防止他受到种族骚扰,命令该公司向Diaz赔偿近1.37亿美元(约合人民币8.8亿元)。就业律师事务所加州民权法律团体的律师Lawrence A. Organ证实了这一判决。他表示,在这1.37亿美元赔偿金中,690万美元是与情感抑郁相关的赔偿金,另外1.3亿美元是惩罚性赔偿金。</p>\n<p>同日,根据周一提交的一份联邦文件,美国国家公路交通安全管理局 (NHTSA) 拒绝了2019年对特斯拉汽车火灾展开正式调查的请愿书。该请愿书指的是一位名叫Edward Chen的男子于2019年9月提交了一份请愿书,敦促监管机构对特斯拉的车辆进行调查,以查看产品是否存在任何缺陷。他声称该汽车制造商当年发布了“软件更新,以掩盖和掩盖其车辆电池潜在的普遍和危险问题,” 且“更新降低了电池容量和快速充电速度。”</p>\n<p>但NHTSA决定不对特斯拉电池火灾进行调查。“特斯拉对中国发生的非碰撞火灾的调查没有确定原因,也无法将事故与任何设计或制造缺陷情况联系起来,”NHTSA的否认声明表示,“现有数据表明特斯拉的非碰撞电池起火是罕见的事件。”</p>\n<p>NHTSA补充说,“自2019年3月下旬至5月中旬的48天内,中国大陆和香港发生三起火灾以来,全球未观察到其他与之相似的起火事件。”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>打爆空头!特斯拉业绩大超预期,\"芯片荒\"下竟躲过停工</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n打爆空头!特斯拉业绩大超预期,\"芯片荒\"下竟躲过停工\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time\">2021-10-08 08:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”</p>\n<p><b>这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在近日披露的三季报中,特斯拉第三季度全球范围内交付量达24.13万辆,轻松打破上个季度的历史纪录,并大幅超过市场预期。公司股价在本周一美股大跌中逆势上涨,继续打爆做空势力,更有华尔街分析师给予其12个月内1000美元/股的目标价。</b></p>\n<p>不过,特斯拉本周一遭遇一纸判决:因应对工厂种族歧视不力,被判向一名前员工赔偿1.37亿美元(约合人民币8.8亿元)。</p>\n<p>但同时也有“好消息”传来,美国国家公路交通安全管理局拒绝了2019年对其火灾展开正式调查的请愿书,该机构称“无法将事故与任何设计或制造缺陷情况联系起来。”</p>\n<p><b>持续击败华尔街空头</b></p>\n<p>近日,特斯拉公布2021年第三季度全球的生产和交付情况,所有车型总交付量达到24.13万辆,打破今年第二季度创下的历史纪录,环比涨幅达到接近20%,这无疑是超预期的数字:早在三季报公布之前,华尔街曾公布一项对分析师的调查,行业分析师们预计特斯拉在三季度平均交付22.27万辆车,较最终公布的数据仍是低估了不少。</p>\n<p><img src=\"https://static.tigerbbs.com/50297175934d52fd9eac0a6175699ef3\" tg-width=\"922\" tg-height=\"443\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>图源:INSIDEEVs</p>\n<p><b>受此利好消息影响,本周一在美股三大股指集体下挫的行情下,特斯拉逆势上涨0.81%,盘中最高涨逾4%。截至周四收盘,特斯拉最新市值达7950亿美元。</b></p>\n<p>不仅如此,大摩还将公司2021年交付量预期从83.5万辆上调至88.1万辆,2022年交付量预期从113万辆上调至120万辆,并维持特斯拉900美元目标价和“超配”评级。</p>\n<p>自3月份触及2021年低点以来,特斯拉的股价已上涨41%,如果将时间拉长至去年年初,400多个交易日以来,公司股价涨幅则超过8倍。这让敢于押注股价下跌的华尔街空头伤了脑筋:该公司曾经是纳斯达克被做空最多的股票——去年最多时有多达20%的流通股为卖空股。然而,据彭博社报道,“但现在看起来他们中的大多数人已经放弃了。”</p>\n<p>根据IHS Markit Ltd.的数据,截至上周四,投资者借入的股票百分比已降至特斯拉流通股1.1%,这是自2010年上市以来的最低水平,并在过去的12个月里,卖空比稳步下降。</p>\n<p>而早在今年年初,金融数据公司S3 Partners就披露数据,2020年特斯拉股价上涨743%,让空头们损失高达401亿美元。该公司董事总经理Ihor Dusaniwsky表示,这不仅是去年所有空头在股票上遭受的最大损失,也是有史以来最大的空头损失。</p>\n<p><b>Wedbush的金融分析师的Dan Ives给客户发的邮件继续重申1000/股美元是特斯拉未来12个月的目标价格。他认为特斯拉有望在今年实现90万辆的年交付量。“当前新能源车的全球保有仅为3%,到2025年电动汽车可能会增长到10%,并且随着各国继续出台减少碳排放的政策,将提振新能源车并使特斯拉及其相关股票受益。”</b></p>\n<p>值得一提的是,在中国,受负面舆情以及国产新能源车异军突起的竞争影响,特斯拉光环似乎在逐渐褪去。然而,虽然三季报中并未透露世界各个国家和地区的销量情况,但Future Fund的投资组合经理Gary Black表示,特斯拉三季度创纪录的交付是由中国市场良好销量推动的,这“打破了中国需求正在放缓的任何想法”。</p>\n<p><b>全球汽车芯片困境中独树一帜</b></p>\n<p><b>众所周知,特斯拉是世界上垂直整合度最高的公司之一,它控制和维护自己的部件供应链,甚至包括车辆座椅。然而,在面对世界性的芯片短缺时,特斯拉似乎也有点吃力。</b></p>\n<p>据路透社上个月报道,马斯克表示,特斯拉在第三季度早些时候遭遇了极其严重的零部件短缺。虽然面临困难,但在全球所有汽车制造商中,特斯拉基本是为数不多的基本成功避免芯片危机的公司,因而没有出现大规模的生产停工。</p>\n<p>因此,三季报发布后,马斯克在推特上连发两条动态,着重感谢了供应商和合作伙伴在“艰难时刻”的付出。</p>\n<p><img src=\"https://static.tigerbbs.com/3aec3fb9f1ffbaea4d276f7b11c547dc\" tg-width=\"1080\" tg-height=\"207\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6ec44402545fe29a8779a3f500dee2ae\" tg-width=\"1080\" tg-height=\"234\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>大摩在给客户的一份报告中表示,特斯拉的垂直整合能力,加上其灵活的企业文化和相对较小的公司规模,帮助其克服了阻碍该一些老牌公司的芯片短缺问题。大摩称赞在芯片方面的努力“它研发了属于自己的AI芯片来服务其自动驾驶工作,(特斯拉)不仅是芯片制造领域的老手,而且还是自己供应商的竞争对手。”</p>\n<p><b>“虽然电动汽车领域有很多竞争对手,但特斯拉在与芯片短缺作斗争的同时,继续在占据市场份额的主导地位。”Dan Ives表示。</b></p>\n<p><b>被判向1名前员工赔偿8.8亿</b></p>\n<p>旧金山联邦法院周一裁定,特斯拉使前黑人员工Owen Diaz遭受了种族敌意工作环境,未能采取合理措施来防止他受到种族骚扰,命令该公司向Diaz赔偿近1.37亿美元(约合人民币8.8亿元)。就业律师事务所加州民权法律团体的律师Lawrence A. Organ证实了这一判决。他表示,在这1.37亿美元赔偿金中,690万美元是与情感抑郁相关的赔偿金,另外1.3亿美元是惩罚性赔偿金。</p>\n<p>同日,根据周一提交的一份联邦文件,美国国家公路交通安全管理局 (NHTSA) 拒绝了2019年对特斯拉汽车火灾展开正式调查的请愿书。该请愿书指的是一位名叫Edward Chen的男子于2019年9月提交了一份请愿书,敦促监管机构对特斯拉的车辆进行调查,以查看产品是否存在任何缺陷。他声称该汽车制造商当年发布了“软件更新,以掩盖和掩盖其车辆电池潜在的普遍和危险问题,” 且“更新降低了电池容量和快速充电速度。”</p>\n<p>但NHTSA决定不对特斯拉电池火灾进行调查。“特斯拉对中国发生的非碰撞火灾的调查没有确定原因,也无法将事故与任何设计或制造缺陷情况联系起来,”NHTSA的否认声明表示,“现有数据表明特斯拉的非碰撞电池起火是罕见的事件。”</p>\n<p>NHTSA补充说,“自2019年3月下旬至5月中旬的48天内,中国大陆和香港发生三起火灾以来,全球未观察到其他与之相似的起火事件。”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/dc71916e1800bc43e810a3ab0125897a","relate_stocks":{"TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176501017","content_text":"“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”\n这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在近日披露的三季报中,特斯拉第三季度全球范围内交付量达24.13万辆,轻松打破上个季度的历史纪录,并大幅超过市场预期。公司股价在本周一美股大跌中逆势上涨,继续打爆做空势力,更有华尔街分析师给予其12个月内1000美元/股的目标价。\n不过,特斯拉本周一遭遇一纸判决:因应对工厂种族歧视不力,被判向一名前员工赔偿1.37亿美元(约合人民币8.8亿元)。\n但同时也有“好消息”传来,美国国家公路交通安全管理局拒绝了2019年对其火灾展开正式调查的请愿书,该机构称“无法将事故与任何设计或制造缺陷情况联系起来。”\n持续击败华尔街空头\n近日,特斯拉公布2021年第三季度全球的生产和交付情况,所有车型总交付量达到24.13万辆,打破今年第二季度创下的历史纪录,环比涨幅达到接近20%,这无疑是超预期的数字:早在三季报公布之前,华尔街曾公布一项对分析师的调查,行业分析师们预计特斯拉在三季度平均交付22.27万辆车,较最终公布的数据仍是低估了不少。\n\n图源:INSIDEEVs\n受此利好消息影响,本周一在美股三大股指集体下挫的行情下,特斯拉逆势上涨0.81%,盘中最高涨逾4%。截至周四收盘,特斯拉最新市值达7950亿美元。\n不仅如此,大摩还将公司2021年交付量预期从83.5万辆上调至88.1万辆,2022年交付量预期从113万辆上调至120万辆,并维持特斯拉900美元目标价和“超配”评级。\n自3月份触及2021年低点以来,特斯拉的股价已上涨41%,如果将时间拉长至去年年初,400多个交易日以来,公司股价涨幅则超过8倍。这让敢于押注股价下跌的华尔街空头伤了脑筋:该公司曾经是纳斯达克被做空最多的股票——去年最多时有多达20%的流通股为卖空股。然而,据彭博社报道,“但现在看起来他们中的大多数人已经放弃了。”\n根据IHS Markit Ltd.的数据,截至上周四,投资者借入的股票百分比已降至特斯拉流通股1.1%,这是自2010年上市以来的最低水平,并在过去的12个月里,卖空比稳步下降。\n而早在今年年初,金融数据公司S3 Partners就披露数据,2020年特斯拉股价上涨743%,让空头们损失高达401亿美元。该公司董事总经理Ihor Dusaniwsky表示,这不仅是去年所有空头在股票上遭受的最大损失,也是有史以来最大的空头损失。\nWedbush的金融分析师的Dan Ives给客户发的邮件继续重申1000/股美元是特斯拉未来12个月的目标价格。他认为特斯拉有望在今年实现90万辆的年交付量。“当前新能源车的全球保有仅为3%,到2025年电动汽车可能会增长到10%,并且随着各国继续出台减少碳排放的政策,将提振新能源车并使特斯拉及其相关股票受益。”\n值得一提的是,在中国,受负面舆情以及国产新能源车异军突起的竞争影响,特斯拉光环似乎在逐渐褪去。然而,虽然三季报中并未透露世界各个国家和地区的销量情况,但Future Fund的投资组合经理Gary Black表示,特斯拉三季度创纪录的交付是由中国市场良好销量推动的,这“打破了中国需求正在放缓的任何想法”。\n全球汽车芯片困境中独树一帜\n众所周知,特斯拉是世界上垂直整合度最高的公司之一,它控制和维护自己的部件供应链,甚至包括车辆座椅。然而,在面对世界性的芯片短缺时,特斯拉似乎也有点吃力。\n据路透社上个月报道,马斯克表示,特斯拉在第三季度早些时候遭遇了极其严重的零部件短缺。虽然面临困难,但在全球所有汽车制造商中,特斯拉基本是为数不多的基本成功避免芯片危机的公司,因而没有出现大规模的生产停工。\n因此,三季报发布后,马斯克在推特上连发两条动态,着重感谢了供应商和合作伙伴在“艰难时刻”的付出。\n\n大摩在给客户的一份报告中表示,特斯拉的垂直整合能力,加上其灵活的企业文化和相对较小的公司规模,帮助其克服了阻碍该一些老牌公司的芯片短缺问题。大摩称赞在芯片方面的努力“它研发了属于自己的AI芯片来服务其自动驾驶工作,(特斯拉)不仅是芯片制造领域的老手,而且还是自己供应商的竞争对手。”\n“虽然电动汽车领域有很多竞争对手,但特斯拉在与芯片短缺作斗争的同时,继续在占据市场份额的主导地位。”Dan Ives表示。\n被判向1名前员工赔偿8.8亿\n旧金山联邦法院周一裁定,特斯拉使前黑人员工Owen Diaz遭受了种族敌意工作环境,未能采取合理措施来防止他受到种族骚扰,命令该公司向Diaz赔偿近1.37亿美元(约合人民币8.8亿元)。就业律师事务所加州民权法律团体的律师Lawrence A. Organ证实了这一判决。他表示,在这1.37亿美元赔偿金中,690万美元是与情感抑郁相关的赔偿金,另外1.3亿美元是惩罚性赔偿金。\n同日,根据周一提交的一份联邦文件,美国国家公路交通安全管理局 (NHTSA) 拒绝了2019年对特斯拉汽车火灾展开正式调查的请愿书。该请愿书指的是一位名叫Edward Chen的男子于2019年9月提交了一份请愿书,敦促监管机构对特斯拉的车辆进行调查,以查看产品是否存在任何缺陷。他声称该汽车制造商当年发布了“软件更新,以掩盖和掩盖其车辆电池潜在的普遍和危险问题,” 且“更新降低了电池容量和快速充电速度。”\n但NHTSA决定不对特斯拉电池火灾进行调查。“特斯拉对中国发生的非碰撞火灾的调查没有确定原因,也无法将事故与任何设计或制造缺陷情况联系起来,”NHTSA的否认声明表示,“现有数据表明特斯拉的非碰撞电池起火是罕见的事件。”\nNHTSA补充说,“自2019年3月下旬至5月中旬的48天内,中国大陆和香港发生三起火灾以来,全球未观察到其他与之相似的起火事件。”","news_type":1},"isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880222789,"gmtCreate":1631061027141,"gmtModify":1632884912129,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880222789","repostId":"2165357785","repostType":2,"repost":{"id":"2165357785","pubTimestamp":1631056951,"share":"https://www.laohu8.com/m/news/2165357785?lang=&edition=full","pubTime":"2021-09-08 07:22","market":"sh","language":"zh","title":"福特挖角苹果汽车项目主管Doug Field","url":"https://stock-news.laohu8.com/highlight/detail?id=2165357785","media":"新浪美股","summary":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。 Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。 据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。 苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","content":"<p><img src=\"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/F\">福特汽车</a>周二宣布,已聘请前<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>高管Doug Field担任其首席先进技术和嵌入式系统官。</p>\n<p>Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。</p>\n<p>福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。</p>\n<p>Field的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。</p>\n<p>据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。</p>\n<p>苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。</p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>福特挖角苹果汽车项目主管Doug Field</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n福特挖角苹果汽车项目主管Doug Field\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 07:22 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c","relate_stocks":{"AAPL":"苹果","F":"福特汽车"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2165357785","content_text":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付智能联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。\n据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。\n苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","news_type":1},"isVote":1,"tweetType":1,"viewCount":913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880222204,"gmtCreate":1631061010108,"gmtModify":1632884912451,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880222204","repostId":"2165357785","repostType":2,"repost":{"id":"2165357785","pubTimestamp":1631056951,"share":"https://www.laohu8.com/m/news/2165357785?lang=&edition=full","pubTime":"2021-09-08 07:22","market":"sh","language":"zh","title":"福特挖角苹果汽车项目主管Doug Field","url":"https://stock-news.laohu8.com/highlight/detail?id=2165357785","media":"新浪美股","summary":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。 Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。 据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。 苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","content":"<p><img src=\"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/F\">福特汽车</a>周二宣布,已聘请前<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>高管Doug Field担任其首席先进技术和嵌入式系统官。</p>\n<p>Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。</p>\n<p>福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。</p>\n<p>Field的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。</p>\n<p>据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。</p>\n<p>苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。</p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>福特挖角苹果汽车项目主管Doug Field</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n福特挖角苹果汽车项目主管Doug Field\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 07:22 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c","relate_stocks":{"AAPL":"苹果","F":"福特汽车"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2165357785","content_text":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付智能联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。\n据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。\n苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","news_type":1},"isVote":1,"tweetType":1,"viewCount":825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":834985054,"gmtCreate":1629767086178,"gmtModify":1633682610245,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834985054","repostId":"2161770751","repostType":2,"repost":{"id":"2161770751","pubTimestamp":1629763382,"share":"https://www.laohu8.com/m/news/2161770751?lang=&edition=full","pubTime":"2021-08-24 08:03","market":"hk","language":"zh","title":"电动汽车争霸赛进入下半场,新王可能正在路上","url":"https://stock-news.laohu8.com/highlight/detail?id=2161770751","media":"创事记","summary":"造车新势力相继发声,自动驾驶技术标准该如何定义?所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。有趣的是,自然界中的奇妙现象正在汽车界上演。继去年华为进军智能汽车产业后,在今年3月底,小米也宣布造车了。今年3月30日,小米宣布将成立一家全资子公司进军智能电动汽车业务,首期投资为100亿元人民币,预计未来10年投资额100亿美元,将由雷军亲自带队。","content":"<p><img src=\"http://n.sinaimg.cn/front20210823s/40/w480h360/20210823/e0d3-774f90e3cf668c2479b7e8ed390d1b73.png\" tg-width=\"480\" tg-height=\"360\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">造车新势力相继发声,自动驾驶技术标准该如何定义?</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/75/w550h325/20210824/f0f7-e4d52107238053f1f3eeebc4aba90118.png\" tg-width=\"550\" tg-height=\"325\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><h2></h2><p></p><p>欢迎关注“<a href=\"https://laohu8.com/S/SINA\">新浪</a>科技”的微信订阅号:techsina </p><p>文/知勇</p><p>来源:锦缎(ID:jinduan006)</p><p>2020年4月份,我国科学家在南海科考期间,在南海首次发现一个约3米长的鲸落,这是我国科学家第一次发现该类型的生态系统,目前国际上发现的鲸落总共不足50处。所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。在这个过程中,最先是一些浮游生物看到了死去的鲸鱼,接着是虾类、鱼类、螃蟹等,它们都以鲸鱼为食,最终演化出了一个新的生态系统。</p><p>有趣的是,自然界中的奇妙现象正在汽车界上演。汽车行业正迎来大变革,电动化改造了汽车的四肢,<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>化革新了汽车的大脑,虽然看起来还同样是四个轮子上的产物,但汽车产业已在天翻地覆的前夜。</p><p>可以说,汽车产业正在上演自然界中鲸落的这一幕,以“蔚小理”为代表的造车新势力嗅觉最为灵敏,成为最先抵达鲸鱼附近的“浮游生物”;而我们愈加清晰地在2021年感知到,新新势力——智能手机厂商成为第二批,蜂拥而至的玩家。</p><p>继去年华为进军智能汽车产业后,在今年3月底,小米也宣布造车了。要知道汽车工业跟消费电子基本能上可以说是风马牛不相及,为什么智能手机厂商纷纷下场造车,那智能手机厂商能否在汽车<a href=\"https://laohu8.com/S/ABCD\">新生</a>态系统活下来,并发育壮大?</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/163/w550h413/20210824/7d48-5141074d16057b7ad8fd22ab80604caf.png\" tg-width=\"550\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图1:我国科研人员在南海发现的鲸落生态系统,资料来源:网络</p><p><b>01</b></p><p><b>新新势力入局造车</b></p><p>【1】 艰难挣扎的巨鲸落</p><p>在汽车电动化、智能化的“两化”变革背景下,传统车企积累数十年的技术传家宝,几乎是在一夜之间,没有了用武之地。</p><p>跟每一个衰落主体一样,后知后觉的传统车企也被迫开始转型。</p><p>但不是每一种生物都能完成“蜕变”,一次又一次,我们看到传统车企在智能化转型中缓慢且消极,层出不穷的“油改电”方案,就是在原来这幅衰老的躯体上修修补补,典型的头痛医头脚痛医脚。</p><p>虽然现在这么说可能还为时尚早,但颓势尽显的传统车企,目前看不到任何新生的机会,更有可能会成为时代更迭下被瓜分的那条大鲸鱼。</p><p>就以上汽大众MEB平台首款纯电动车ID.4 X为例,该车今年3月上市,虽然有大众的背书,销量却一点也不“大众”。根据官方数据,上汽大众ID.4X的3-5月销量仅仅只有625辆,922辆和847辆,跟造车新势力的月销量比起来简直云泥之别。</p><p>在传统车企身上野蛮生长的造车新势力,成为了今日的“小甜甜”,以最近港股上市的<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>为例,其市值已经超过<a href=\"https://laohu8.com/S/00175\">吉利汽车</a>,要知道,吉利作为自主品牌一哥,年销超百万辆,而小鹏汽车目前只有2款车,年销量还不到吉利的1/10。</p><p>危险还在慢慢逼近这些巨鲸们,朝前看,愈加严格的双积分政策是一把巨型枷锁,将锁得传统车企们无法动弹,辗转腾挪的战略生存空间日趋狭小。</p><p>对新能源行业来说,双积分政策是巨大的助推剂,但单价不断上涨的积分,可能成为压死传统燃油车企的最后一根稻草。</p><p>传统车企为了最短时间获得更多新能源积分,不得不考虑生产成本低、放量快的A00级微型电动车,以解燃眉之急。比如长城的欧拉黑白猫,<a href=\"https://laohu8.com/S/000625\">长安汽车</a>的奔奔EV,奇瑞的eQ1小蚂蚁等。而这种近乎饮鸩止渴的被迫改变,只能导致自己在追赶新势力上,差距越拉越大。</p><p>【2】新生态系统初现</p><p>自2018年以来,中国传统燃油车销量连续三年下滑,但是新能源汽车市场表现相当亮眼:2020年中<a href=\"https://laohu8.com/S/600617\">国新能源</a>汽车销量136.7万辆,同比增长13.35%,新能源汽车销量连续三年超过100万辆,呈持续高速增长趋势。</p><p>根据乘联会数据,今年1-7月国内新能源乘用车累计销量147.8万辆,已超过2020年全年销量,创下历史新高,对应新能源汽车渗透率达到12%。</p><p>中国的新能源浪潮已经弥散到全球,当前全气球新能源车的渗透率仍仅仅只有低个位数,随着续航里程增加、具有产品力的爆款车型集中推出,预计5年后,全球的新能源车渗透率将有望超过20%。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/78/w550h328/20210824/fcc9-1696e1af347602f1cc9bedbd4bd169ce.png\" tg-width=\"550\" tg-height=\"328\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图2:国内新能源汽车销量数据,资料来源:中汽协,乘联会</p><p>这离不开电动车生产成本的降低,尤其是电池成本的大幅降低,让电动车的价格靠近同级别的燃油车。加之续航里程的大幅度提升(市面上主流电动车的续航里程已超过500公里)和公共充电基础设施的加速建设(政府已将充电桩纳入了新基建范围),有效缓解了电动车主的里程焦虑。最后一点,市面上电动车车型百花齐放,从3万起步的五菱MINI到<a href=\"https://laohu8.com/S/002594\">比亚迪</a>汉EV,消费者有了更多的选择空间。</p><p>与此同时,以<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、小鹏、理想为代表的造车新势力这些年不遗余力的宣传造势,培育了一大批粉丝,消费者对智能电动汽车的接受度大大提高。根据全国工商联汽车经销商商会发布的数据,2021年Q1纯电动汽车的个人购买量为32.25万辆,占当季销量的74.67%,C端市场已经超过B端市场成为主力购买市场。</p><p>新能源汽车从被人诟病都被人追捧,变化好似一夜发生的。其实剧变前产业链早已在悄然发力。</p><p>这背后沧海桑田般的巨变,最重要的是因为新能源汽车的制造门槛大大降低,方便了各方神圣下场造车:</p><p>一是电动车的动力系统由高技术壁垒的发动机和变速箱变成了三电系统,电动车零部件数量较传统汽油车减少约40%,系统复杂程度降低;二是电动车产业链日益成熟,特别是上游产业链,供应体系比较完善。就拿动力电池来说,大部分车企都是用的几家头部公司的电池,像蔚来的电池就是全部从<a href=\"https://laohu8.com/S/300750\">宁德时代</a>采购。</p><p>未来,造车可能变得比现在更加简单。像<a href=\"https://laohu8.com/S/00285\">比亚迪电子</a>、<a href=\"https://laohu8.com/S/002475\">立讯精密</a>、舜宇光学、<a href=\"https://laohu8.com/S/603501\">韦尔股份</a>等智能手机供应链公司已经开始积极布局智能汽车相关零部件的业务。甚至代工模式已经在汽车领域铺开,今年1月份,富士康与吉利成立合资公司,将为全球汽车企业提供代工服务。(汽车代工,可能成为代工领域的一大剧变,我们将持续关注)</p><p>【3】鲸落新生态正在成型</p><p>随着造车新势力在新能源市场市占率持续攀升,尤其是“蔚小理”这三家造车新势力,销量屡创新高,继蔚来月销破8000之后,理想小鹏也于上月首次达成单月破8000辆。造车新势力已经成为鲸落新生态系统中第一批野蛮生长的群体。</p><p>同时,造车新势力正全力以赴的吸收巨鲸们的营养,今年6月份以来小鹏和理想相继在香港上市,又融到一大笔钱。同时,“蔚小理”正在加速扩张,按照已公布的产能规划来看,他们普遍规划了相比目前销量7-10倍的产能。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/198/w550h448/20210824/ec18-ebb418409feae71aa276332ada83c0be.png\" tg-width=\"550\" tg-height=\"448\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图3:国产造车新势力在新能源市场市占率,资料来源:交强险、<a href=\"https://laohu8.com/S/601162\">天风证券</a>(注,国产造车新势力不包括<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>)</p><p>【4】鲸落生态的新成员蜂拥而至</p><p>汽车电动化、智能化浪潮已至,规模达十万亿之巨,当前行业竞争格局未定,不管是传统车企还是造车新势力,均未形成压倒性优势,有实力的玩家都有机会参与进来分一杯羹。</p><p>最近一年,声音最大,也最让市场和消费者瞩目的,就是智能手机派企业,纷纷登场。</p><p>今年3月30日,小米宣布将成立一家全资子公司进军智能电动汽车业务,首期投资为100亿元人民币,预计未来10年投资额100亿美元,将由雷军亲自带队。华为则是成立智能汽车解决方案BU,计划每年投入10亿美元用于智能汽车领域,全线自研“全家桶方案”,帮助车企造车。</p><p>智能手机派早就对智能汽车领域虎视眈眈。此前我们已在《透视华为智能汽车战略:这条生命线正面临哪些“结点”?》中对华为的造车布局做过解析,华为早在2013年就推出车载通讯模块,进军车联网。</p><p>也是在这一年,苹果推出Car play车载智能系统,之后建立泰坦项目开始研发汽车。小米则以财务投资的方式布局汽车领域,小米在2014年投资了地图厂商凯立德之后又投资了小鹏汽车和未来汽车。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/774/w550h224/20210824/a44d-72468541b88fa674ab380da741ec3a7f.png\" tg-width=\"550\" tg-height=\"224\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>02</b></p><p><b>新新势力具备燎原之势吗?</b></p><p>现在的新能源汽车市场,虽然热闹非凡,但给人一种菜市场的感觉,人头攒动但是门槛极低。那自然要问了,智能手机派,到底有没有两把刷子?</p><p>【1】有钱就是硬道理</p><p>虽然造电动车相比造传统燃油车,制造门槛确实低了不少,但造车依然还是一个高投入的行业。即使量产之后,仍然需要投入大量现金持续研发,因为智能化投入非常烧钱,而且自动驾驶不是短期可以达到的,一旦入场就注定是一场长期烧钱的竞赛。</p><p>当年的造车新势力也曾一度因为资金问题面临出局的风险,比如蔚来就是靠着合肥政府的70亿战略投资顺利走出了ICU。毕竟造车新势力只有汽车销售这一收入,一旦销售环节出了状况,现金流就紧张了,所以近些年因资金链断裂宣布破产的企业不在少数。</p><p>但智能手机派不用为现金流发愁,各个弹药充足,都有各自的现金牛业务作为支撑。论资金实力是一家更比一家豪:小米账上有1080亿元现金储备;华为年营业额8000多亿元,光是每年的净利润就有600多亿元;苹果就更不用多说,根据其2020年Q4财报数据显示,苹果账上有1918亿美元现金(约合人民币1.26万亿元)。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/104/w550h354/20210824/a39e-14ca37fe61091993c9cb7ba8e83c68b6.jpg\" tg-width=\"550\" tg-height=\"354\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>【2】认知度具有天然优势</p><p>智能手机派普遍拥有数量庞大的用户群体,其中不少忠实粉丝。小米汽车、华为汽车本身就是一个高价值的品牌,他们不需要像蔚来、小鹏当初一样绞尽脑汁去做宣传推广,毫不夸张的说,智能手机派虽然还没造出车,背后已经有一批潜在的客户。</p><p>所以我们能看到现今的智能手机派跟当年造车新势力截然不同的处境。在小米官宣造车之后,不少米粉就高呼:你敢造,我敢买。即使华为一直声称“不造车”,仍然有很多粉丝期待华为牌汽车的到来。对于苹果汽车,市场上一直流传着icar的种种猜想,还只是在造车设想阶段,大家就恨不得看到你的实物。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/117/w550h367/20210824/a325-bcaaee91ea582374956f922911bdd643.png\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图4:华为线下门店展示的赛力斯SF5,资料来源:网络</p><p>【3】更为重要的软实力</p><p>随着动力电池的技术革新,电动车续航达1000公里是迟早的事情,在下一个十年,车企之间最终比拼的还是智能化水平。简单说就是,电动化是上半场,智能化是下半场,不具备智能化水平的电动车只能是昙花一现,拥有智能化的汽车企业才可能成长为巨鲸。</p><p>汽车作为电子消费产品的属性越来越强,在智能手机上发生的智能化演进正在智能汽车上同步上演,未来的智能汽车好比是移动的智能终端。智能手机派将延续消费电子的思路和打法延伸到智能汽车领域是水到渠成的。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/74/w550h324/20210824/620e-68e56c3e8abc250a9bc1862121e90d79.jpg\" tg-width=\"550\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>(1)提升智能化体验</p><p>毋庸置疑,智能手机厂商在ICT领域积累更加深厚,对智能化属性理解、用户心智的把握更多全面,如何提高智能化体验,迎合消费者需求本身就是智能手机厂商的看家本领。</p><p>在智能机时代,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>的IOS操作系统,将软件和硬件产品高度整合,增加了整个系统的流畅度、稳定性,成为手机界最受欢迎的系统之一。小米基于Android定制了手机操作系统MIUI,截止2020年底,用户数量达到3.96亿。</p><p>苹果、小米之所以能达到这种成绩,很大程度上得益于系统的体验俘获了用户心智,并最终形成网络效应。</p><p>具体到智能汽车上面,智能座舱、车机系统、人机交互自然成了关键指标。就拿车机系统来说,用户看中的是系统的流畅性和便利度。智能手机派若凭借自身的优势提升这些关键指标,提升用户粘性便不是难事了。</p><p>(2) 智能化快速迭代</p><p>纵观传统燃油车行业,车企出一个爆款车型,核心三大件不用做大的改动就可以畅销数年,所谓的升级新款就是动下前脸,改改内饰、轮毂等。</p><p>事实上,可能不为人知,但触目惊心的事实是,以往传统车企把80%左右的精力用于供应链管理,仅仅只有20%的资源用在新技术的研发和突破。究其原因,内燃机的技术已经很极致了,很难有大的提升,不同车企更多的是比拼成本控制能力。</p><p>再看今天的智能汽车,消费者更关注汽车内在的智能化水平,汽车的智能化水平需要不停更新升级才能满足用户的需求。就拿智能座舱来说,现在的交互方式正在以触控为主的方式向语音交互方式转变,这导致了原来的车机操作系统不匹配,从而导致操作系统需要不停的迭代升级。自然而来的,操作系统升级之后,车机对芯片的要求也会提高(类似Win10系统相比XP系统对硬件有更高的要求)。所以我们能看到智能汽车搭载的汽车芯片算力也呈现指数级别的爆发。</p><p>智能汽车的升级跟智能手机的换代如出一辙,智能手机厂商不停推出旗舰机型,手机的芯片几乎是每年更新升级。当然,这当中也有些区别,智能手机的更新速度比智能汽车更快,而智能汽车比智能手机更加强调安全性。智能手机厂商将造手机的思路放到汽车上面,未来的演绎同样值得期待。</p><p>(3) 打造万物互联生态</p><p>在智能机时代,苹果通过自研芯片+IOS操作系统的战略,打造了手机界最好的生态;小米通过超低利润(硬件综合利润率小于5%)带来的极致性价比为手段也积累了大量粉丝,打造了包括白电、黑电、小家电在内的IoT硬件生态;华为通过鸿蒙系统打造“1+8+N”生态布局。各家都通过自己的方法,形成了相当稳定的庞大生态圈。</p><p>可以畅想,如果智能手机派能够在汽车行业分得一杯羹,那未来智能手机厂商将会实现手机与车机的无缝切换,智能汽车将会成为继智能手机后的新场景、新流量入口。华为、小米的智能家居可以与汽车完美融合,打造家居IOT、手机IOT、车载IOT的完整闭环,形成相较于现在更加完整的生态系统。</p><p>需要单独说明的是,汽车智能化的发展过程中,有一方面是一成不变的,即系统安全性和稳定性方面。大家已经习惯了手机死机后就采用重启的方式,但汽车不行,尤其是到了自动驾驶的时候,卡顿一秒都关乎生命安全。</p><p>另外,汽车和手机对芯片和机械零部件的寿命要求也不一样,手机可能用个两三年就换了。总之,汽车再怎么发展,其安全性、可靠性的要求,依然占据极其重要的位置。从这方面看,智能手机厂商还需要做更多功课。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/715/w550h165/20210824/99f0-1d09fc9a50278f944c2db9891a293f6a.png\" tg-width=\"550\" tg-height=\"165\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图5:汽车级芯片的要求显著高于消费类,资料来源:芯路通讯,<a href=\"https://laohu8.com/S/600030\">中信证券</a></p><p><b>03</b></p><p><b>电动车鲸落生态已到下半场</b></p><p>不管你是否接受,智能汽车新生态圈正逐渐形成。具体而言,政策的推动和市场内生需求正加速智能汽车的渗透;其次,新生态对跨界者更加友好,将迎来的更多新成员,共同加速生态圈的发展,比如OPPO、VIVO等手机厂商已经开始筹备造车了。</p><p>从目前时间点看,现在智能汽车赛道仍处在跑马圈地的阶段,智能汽车行业格局还远未确定。参照智能机时代的竞争格局,只有具备智能化水平和软件服务能力,并基于此形成完整生态链的车企,才最有望成为新生态圈里的新王。</p><p>对智能手机派而言,在其新车型上市初期,能否利用自身的品牌和生态优势,实现销量的突破,是至关重要的。毕竟在造车这条赛道上,你在进步,传统车企和造车新势力同样也在进步,作为后发者,智能手机派要想成功必须跑的更快才行。</p><p>智能手机面世之后短短几年就颠覆了功能机时代,但是我们也不能简单的线性外推,动不动就大谈汽车的“<a href=\"https://laohu8.com/S/NOK\">诺基亚</a>”时刻就有点过度制造焦虑的感觉,毕竟智能汽车的变革速度比不上当年的智能机时代,即使到达终极形态,想必一辆汽车的更新替换寿命也只有2-3年。</p><p>同时,汽车智能化的发展,特别是自动驾驶能力无法一蹴而就,现在跑在前面的并不一定就是赢家。对于后来者,仍然还有成功的机会,智能汽车的鲸落生态,新王可能正在路上。</p><p>最重要的是要记住,汽车行业的革新,电动化是上半场,智能化是下半场。一场新的群雄逐鹿大戏,从2021年,就正式拉开帷幕了。</p><p><img src=\"http://n.sinaimg.cn/default/2fb77759/20151125/320X320.png\" tg-width=\"320\" tg-height=\"320\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>电动汽车争霸赛进入下半场,新王可能正在路上</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n电动汽车争霸赛进入下半场,新王可能正在路上\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-24 08:03 北京时间 <a href=http://tech.sina.cn/csj/2021-08-24/doc-ikqciyzm3222648.d.html?vt=4><strong>创事记</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>造车新势力相继发声,自动驾驶技术标准该如何定义?欢迎关注“新浪科技”的微信订阅号:techsina 文/知勇来源:锦缎(ID:jinduan006)2020年4月份,我国科学家在南海科考期间,在南海首次发现一个约3米长的鲸落,这是我国科学家第一次发现该类型的生态系统,目前国际上发现的鲸落总共不足50处。所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。在这个过程中,最先是一些浮游生物看到了死去的鲸鱼...</p>\n\n<a href=\"http://tech.sina.cn/csj/2021-08-24/doc-ikqciyzm3222648.d.html?vt=4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://k.sinaimg.cn/n/tech/transform/140/w630h310/20210824/60f9-33e29c24d0a1f6c4ab044c7f28220604.png/w120h90l50t1ae4.jpg","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://tech.sina.cn/csj/2021-08-24/doc-ikqciyzm3222648.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161770751","content_text":"造车新势力相继发声,自动驾驶技术标准该如何定义?欢迎关注“新浪科技”的微信订阅号:techsina 文/知勇来源:锦缎(ID:jinduan006)2020年4月份,我国科学家在南海科考期间,在南海首次发现一个约3米长的鲸落,这是我国科学家第一次发现该类型的生态系统,目前国际上发现的鲸落总共不足50处。所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。在这个过程中,最先是一些浮游生物看到了死去的鲸鱼,接着是虾类、鱼类、螃蟹等,它们都以鲸鱼为食,最终演化出了一个新的生态系统。有趣的是,自然界中的奇妙现象正在汽车界上演。汽车行业正迎来大变革,电动化改造了汽车的四肢,智能化革新了汽车的大脑,虽然看起来还同样是四个轮子上的产物,但汽车产业已在天翻地覆的前夜。可以说,汽车产业正在上演自然界中鲸落的这一幕,以“蔚小理”为代表的造车新势力嗅觉最为灵敏,成为最先抵达鲸鱼附近的“浮游生物”;而我们愈加清晰地在2021年感知到,新新势力——智能手机厂商成为第二批,蜂拥而至的玩家。继去年华为进军智能汽车产业后,在今年3月底,小米也宣布造车了。要知道汽车工业跟消费电子基本能上可以说是风马牛不相及,为什么智能手机厂商纷纷下场造车,那智能手机厂商能否在汽车新生态系统活下来,并发育壮大?图1:我国科研人员在南海发现的鲸落生态系统,资料来源:网络01新新势力入局造车【1】 艰难挣扎的巨鲸落在汽车电动化、智能化的“两化”变革背景下,传统车企积累数十年的技术传家宝,几乎是在一夜之间,没有了用武之地。跟每一个衰落主体一样,后知后觉的传统车企也被迫开始转型。但不是每一种生物都能完成“蜕变”,一次又一次,我们看到传统车企在智能化转型中缓慢且消极,层出不穷的“油改电”方案,就是在原来这幅衰老的躯体上修修补补,典型的头痛医头脚痛医脚。虽然现在这么说可能还为时尚早,但颓势尽显的传统车企,目前看不到任何新生的机会,更有可能会成为时代更迭下被瓜分的那条大鲸鱼。就以上汽大众MEB平台首款纯电动车ID.4 X为例,该车今年3月上市,虽然有大众的背书,销量却一点也不“大众”。根据官方数据,上汽大众ID.4X的3-5月销量仅仅只有625辆,922辆和847辆,跟造车新势力的月销量比起来简直云泥之别。在传统车企身上野蛮生长的造车新势力,成为了今日的“小甜甜”,以最近港股上市的小鹏汽车为例,其市值已经超过吉利汽车,要知道,吉利作为自主品牌一哥,年销超百万辆,而小鹏汽车目前只有2款车,年销量还不到吉利的1/10。危险还在慢慢逼近这些巨鲸们,朝前看,愈加严格的双积分政策是一把巨型枷锁,将锁得传统车企们无法动弹,辗转腾挪的战略生存空间日趋狭小。对新能源行业来说,双积分政策是巨大的助推剂,但单价不断上涨的积分,可能成为压死传统燃油车企的最后一根稻草。传统车企为了最短时间获得更多新能源积分,不得不考虑生产成本低、放量快的A00级微型电动车,以解燃眉之急。比如长城的欧拉黑白猫,长安汽车的奔奔EV,奇瑞的eQ1小蚂蚁等。而这种近乎饮鸩止渴的被迫改变,只能导致自己在追赶新势力上,差距越拉越大。【2】新生态系统初现自2018年以来,中国传统燃油车销量连续三年下滑,但是新能源汽车市场表现相当亮眼:2020年中国新能源汽车销量136.7万辆,同比增长13.35%,新能源汽车销量连续三年超过100万辆,呈持续高速增长趋势。根据乘联会数据,今年1-7月国内新能源乘用车累计销量147.8万辆,已超过2020年全年销量,创下历史新高,对应新能源汽车渗透率达到12%。中国的新能源浪潮已经弥散到全球,当前全气球新能源车的渗透率仍仅仅只有低个位数,随着续航里程增加、具有产品力的爆款车型集中推出,预计5年后,全球的新能源车渗透率将有望超过20%。图2:国内新能源汽车销量数据,资料来源:中汽协,乘联会这离不开电动车生产成本的降低,尤其是电池成本的大幅降低,让电动车的价格靠近同级别的燃油车。加之续航里程的大幅度提升(市面上主流电动车的续航里程已超过500公里)和公共充电基础设施的加速建设(政府已将充电桩纳入了新基建范围),有效缓解了电动车主的里程焦虑。最后一点,市面上电动车车型百花齐放,从3万起步的五菱MINI到比亚迪汉EV,消费者有了更多的选择空间。与此同时,以蔚来、小鹏、理想为代表的造车新势力这些年不遗余力的宣传造势,培育了一大批粉丝,消费者对智能电动汽车的接受度大大提高。根据全国工商联汽车经销商商会发布的数据,2021年Q1纯电动汽车的个人购买量为32.25万辆,占当季销量的74.67%,C端市场已经超过B端市场成为主力购买市场。新能源汽车从被人诟病都被人追捧,变化好似一夜发生的。其实剧变前产业链早已在悄然发力。这背后沧海桑田般的巨变,最重要的是因为新能源汽车的制造门槛大大降低,方便了各方神圣下场造车:一是电动车的动力系统由高技术壁垒的发动机和变速箱变成了三电系统,电动车零部件数量较传统汽油车减少约40%,系统复杂程度降低;二是电动车产业链日益成熟,特别是上游产业链,供应体系比较完善。就拿动力电池来说,大部分车企都是用的几家头部公司的电池,像蔚来的电池就是全部从宁德时代采购。未来,造车可能变得比现在更加简单。像比亚迪电子、立讯精密、舜宇光学、韦尔股份等智能手机供应链公司已经开始积极布局智能汽车相关零部件的业务。甚至代工模式已经在汽车领域铺开,今年1月份,富士康与吉利成立合资公司,将为全球汽车企业提供代工服务。(汽车代工,可能成为代工领域的一大剧变,我们将持续关注)【3】鲸落新生态正在成型随着造车新势力在新能源市场市占率持续攀升,尤其是“蔚小理”这三家造车新势力,销量屡创新高,继蔚来月销破8000之后,理想小鹏也于上月首次达成单月破8000辆。造车新势力已经成为鲸落新生态系统中第一批野蛮生长的群体。同时,造车新势力正全力以赴的吸收巨鲸们的营养,今年6月份以来小鹏和理想相继在香港上市,又融到一大笔钱。同时,“蔚小理”正在加速扩张,按照已公布的产能规划来看,他们普遍规划了相比目前销量7-10倍的产能。图3:国产造车新势力在新能源市场市占率,资料来源:交强险、天风证券(注,国产造车新势力不包括特斯拉)【4】鲸落生态的新成员蜂拥而至汽车电动化、智能化浪潮已至,规模达十万亿之巨,当前行业竞争格局未定,不管是传统车企还是造车新势力,均未形成压倒性优势,有实力的玩家都有机会参与进来分一杯羹。最近一年,声音最大,也最让市场和消费者瞩目的,就是智能手机派企业,纷纷登场。今年3月30日,小米宣布将成立一家全资子公司进军智能电动汽车业务,首期投资为100亿元人民币,预计未来10年投资额100亿美元,将由雷军亲自带队。华为则是成立智能汽车解决方案BU,计划每年投入10亿美元用于智能汽车领域,全线自研“全家桶方案”,帮助车企造车。智能手机派早就对智能汽车领域虎视眈眈。此前我们已在《透视华为智能汽车战略:这条生命线正面临哪些“结点”?》中对华为的造车布局做过解析,华为早在2013年就推出车载通讯模块,进军车联网。也是在这一年,苹果推出Car play车载智能系统,之后建立泰坦项目开始研发汽车。小米则以财务投资的方式布局汽车领域,小米在2014年投资了地图厂商凯立德之后又投资了小鹏汽车和未来汽车。02新新势力具备燎原之势吗?现在的新能源汽车市场,虽然热闹非凡,但给人一种菜市场的感觉,人头攒动但是门槛极低。那自然要问了,智能手机派,到底有没有两把刷子?【1】有钱就是硬道理虽然造电动车相比造传统燃油车,制造门槛确实低了不少,但造车依然还是一个高投入的行业。即使量产之后,仍然需要投入大量现金持续研发,因为智能化投入非常烧钱,而且自动驾驶不是短期可以达到的,一旦入场就注定是一场长期烧钱的竞赛。当年的造车新势力也曾一度因为资金问题面临出局的风险,比如蔚来就是靠着合肥政府的70亿战略投资顺利走出了ICU。毕竟造车新势力只有汽车销售这一收入,一旦销售环节出了状况,现金流就紧张了,所以近些年因资金链断裂宣布破产的企业不在少数。但智能手机派不用为现金流发愁,各个弹药充足,都有各自的现金牛业务作为支撑。论资金实力是一家更比一家豪:小米账上有1080亿元现金储备;华为年营业额8000多亿元,光是每年的净利润就有600多亿元;苹果就更不用多说,根据其2020年Q4财报数据显示,苹果账上有1918亿美元现金(约合人民币1.26万亿元)。【2】认知度具有天然优势智能手机派普遍拥有数量庞大的用户群体,其中不少忠实粉丝。小米汽车、华为汽车本身就是一个高价值的品牌,他们不需要像蔚来、小鹏当初一样绞尽脑汁去做宣传推广,毫不夸张的说,智能手机派虽然还没造出车,背后已经有一批潜在的客户。所以我们能看到现今的智能手机派跟当年造车新势力截然不同的处境。在小米官宣造车之后,不少米粉就高呼:你敢造,我敢买。即使华为一直声称“不造车”,仍然有很多粉丝期待华为牌汽车的到来。对于苹果汽车,市场上一直流传着icar的种种猜想,还只是在造车设想阶段,大家就恨不得看到你的实物。图4:华为线下门店展示的赛力斯SF5,资料来源:网络【3】更为重要的软实力随着动力电池的技术革新,电动车续航达1000公里是迟早的事情,在下一个十年,车企之间最终比拼的还是智能化水平。简单说就是,电动化是上半场,智能化是下半场,不具备智能化水平的电动车只能是昙花一现,拥有智能化的汽车企业才可能成长为巨鲸。汽车作为电子消费产品的属性越来越强,在智能手机上发生的智能化演进正在智能汽车上同步上演,未来的智能汽车好比是移动的智能终端。智能手机派将延续消费电子的思路和打法延伸到智能汽车领域是水到渠成的。(1)提升智能化体验毋庸置疑,智能手机厂商在ICT领域积累更加深厚,对智能化属性理解、用户心智的把握更多全面,如何提高智能化体验,迎合消费者需求本身就是智能手机厂商的看家本领。在智能机时代,苹果的IOS操作系统,将软件和硬件产品高度整合,增加了整个系统的流畅度、稳定性,成为手机界最受欢迎的系统之一。小米基于Android定制了手机操作系统MIUI,截止2020年底,用户数量达到3.96亿。苹果、小米之所以能达到这种成绩,很大程度上得益于系统的体验俘获了用户心智,并最终形成网络效应。具体到智能汽车上面,智能座舱、车机系统、人机交互自然成了关键指标。就拿车机系统来说,用户看中的是系统的流畅性和便利度。智能手机派若凭借自身的优势提升这些关键指标,提升用户粘性便不是难事了。(2) 智能化快速迭代纵观传统燃油车行业,车企出一个爆款车型,核心三大件不用做大的改动就可以畅销数年,所谓的升级新款就是动下前脸,改改内饰、轮毂等。事实上,可能不为人知,但触目惊心的事实是,以往传统车企把80%左右的精力用于供应链管理,仅仅只有20%的资源用在新技术的研发和突破。究其原因,内燃机的技术已经很极致了,很难有大的提升,不同车企更多的是比拼成本控制能力。再看今天的智能汽车,消费者更关注汽车内在的智能化水平,汽车的智能化水平需要不停更新升级才能满足用户的需求。就拿智能座舱来说,现在的交互方式正在以触控为主的方式向语音交互方式转变,这导致了原来的车机操作系统不匹配,从而导致操作系统需要不停的迭代升级。自然而来的,操作系统升级之后,车机对芯片的要求也会提高(类似Win10系统相比XP系统对硬件有更高的要求)。所以我们能看到智能汽车搭载的汽车芯片算力也呈现指数级别的爆发。智能汽车的升级跟智能手机的换代如出一辙,智能手机厂商不停推出旗舰机型,手机的芯片几乎是每年更新升级。当然,这当中也有些区别,智能手机的更新速度比智能汽车更快,而智能汽车比智能手机更加强调安全性。智能手机厂商将造手机的思路放到汽车上面,未来的演绎同样值得期待。(3) 打造万物互联生态在智能机时代,苹果通过自研芯片+IOS操作系统的战略,打造了手机界最好的生态;小米通过超低利润(硬件综合利润率小于5%)带来的极致性价比为手段也积累了大量粉丝,打造了包括白电、黑电、小家电在内的IoT硬件生态;华为通过鸿蒙系统打造“1+8+N”生态布局。各家都通过自己的方法,形成了相当稳定的庞大生态圈。可以畅想,如果智能手机派能够在汽车行业分得一杯羹,那未来智能手机厂商将会实现手机与车机的无缝切换,智能汽车将会成为继智能手机后的新场景、新流量入口。华为、小米的智能家居可以与汽车完美融合,打造家居IOT、手机IOT、车载IOT的完整闭环,形成相较于现在更加完整的生态系统。需要单独说明的是,汽车智能化的发展过程中,有一方面是一成不变的,即系统安全性和稳定性方面。大家已经习惯了手机死机后就采用重启的方式,但汽车不行,尤其是到了自动驾驶的时候,卡顿一秒都关乎生命安全。另外,汽车和手机对芯片和机械零部件的寿命要求也不一样,手机可能用个两三年就换了。总之,汽车再怎么发展,其安全性、可靠性的要求,依然占据极其重要的位置。从这方面看,智能手机厂商还需要做更多功课。图5:汽车级芯片的要求显著高于消费类,资料来源:芯路通讯,中信证券03电动车鲸落生态已到下半场不管你是否接受,智能汽车新生态圈正逐渐形成。具体而言,政策的推动和市场内生需求正加速智能汽车的渗透;其次,新生态对跨界者更加友好,将迎来的更多新成员,共同加速生态圈的发展,比如OPPO、VIVO等手机厂商已经开始筹备造车了。从目前时间点看,现在智能汽车赛道仍处在跑马圈地的阶段,智能汽车行业格局还远未确定。参照智能机时代的竞争格局,只有具备智能化水平和软件服务能力,并基于此形成完整生态链的车企,才最有望成为新生态圈里的新王。对智能手机派而言,在其新车型上市初期,能否利用自身的品牌和生态优势,实现销量的突破,是至关重要的。毕竟在造车这条赛道上,你在进步,传统车企和造车新势力同样也在进步,作为后发者,智能手机派要想成功必须跑的更快才行。智能手机面世之后短短几年就颠覆了功能机时代,但是我们也不能简单的线性外推,动不动就大谈汽车的“诺基亚”时刻就有点过度制造焦虑的感觉,毕竟智能汽车的变革速度比不上当年的智能机时代,即使到达终极形态,想必一辆汽车的更新替换寿命也只有2-3年。同时,汽车智能化的发展,特别是自动驾驶能力无法一蹴而就,现在跑在前面的并不一定就是赢家。对于后来者,仍然还有成功的机会,智能汽车的鲸落生态,新王可能正在路上。最重要的是要记住,汽车行业的革新,电动化是上半场,智能化是下半场。一场新的群雄逐鹿大戏,从2021年,就正式拉开帷幕了。","news_type":1},"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891882728,"gmtCreate":1628379279464,"gmtModify":1633751430962,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891882728","repostId":"1186953205","repostType":2,"isVote":1,"tweetType":1,"viewCount":1330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":188508823,"gmtCreate":1623453293962,"gmtModify":1634033103726,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"强势,可以期待。","listText":"强势,可以期待。","text":"强势,可以期待。","images":[{"img":"https://static.tigerbbs.com/316afa432dabb2f0921e270c075cacd5","width":"1125","height":"3166"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/188508823","isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":112327024,"gmtCreate":1622852503468,"gmtModify":1634097433173,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/112327024","repostId":"1154529120","repostType":4,"repost":{"id":"1154529120","pubTimestamp":1622810459,"share":"https://www.laohu8.com/m/news/1154529120?lang=&edition=full","pubTime":"2021-06-04 20:40","market":"hk","language":"en","title":"Can Alibaba Stock Hit $500? If You Got Time, Yes","url":"https://stock-news.laohu8.com/highlight/detail?id=1154529120","media":"seekingalpha","summary":"Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.I believe that there are both opportunities and risks, but would see the prior outweighing the latter.In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:. Alibaba Group'","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>\n <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>\n <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p>\n<p><b>BABA Stock Price</b></p>\n<p>Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p>\n<p>Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.</p>\n<p>At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p>\n<p><b>Can Alibaba Stock Hit $500?</b></p>\n<p>The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p>\n<p><i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p>\n<p><i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p>\n<p><i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p>\n<p>We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p>\n<p>I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p>\n<p>If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p>\n<p>We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p>\n<p>So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p>\n<p><b>Is Alibaba Stock A Buy Or Sell Now?</b></p>\n<p>Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p>\n<p>For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Alibaba Stock Hit $500? If You Got Time, Yes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Alibaba Stock Hit $500? If You Got Time, Yes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 20:40 GMT+8 <a href=https://seekingalpha.com/article/4432992-alibaba-stock-hit-500><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154529120","content_text":"Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing the latter.\nIn the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.\n\nPhoto by efetova/iStock via Getty Images\nArticle Thesis\nAlibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.\nBABA Stock Price\nSince its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:\nData byYCharts\nShares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.\nAlibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.\nAt its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.\nCan Alibaba Stock Hit $500?\nThe answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.\n- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.\nWe see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:\nData byYCharts\nAt 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.\nI still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.\nIf we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:\nData byYCharts\nIf analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.\nData byYCharts\nAnalysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.\nWe can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.\nSo, to sum this section up, I'd sayyes, BABA can hit $500-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.\nIs Alibaba Stock A Buy Or Sell Now?\nAlibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.\nFor those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":131998778,"gmtCreate":1621819982294,"gmtModify":1634186378361,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131998778","repostId":"1105006567","repostType":4,"isVote":1,"tweetType":1,"viewCount":1103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":355572909,"gmtCreate":1617091721901,"gmtModify":1634522707207,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"等待适合买的,","listText":"等待适合买的,","text":"等待适合买的,","images":[{"img":"https://static.tigerbbs.com/888ac5447fdee0bea5636668cd88ded4","width":"1125","height":"3035"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355572909","isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":355068135,"gmtCreate":1617015631327,"gmtModify":1634523136503,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"反弹行情吧,也有量。","listText":"反弹行情吧,也有量。","text":"反弹行情吧,也有量。","images":[{"img":"https://static.tigerbbs.com/3aac232919d97a3d8013cc2d10063663","width":"1125","height":"3049"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355068135","isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":352116065,"gmtCreate":1616905729457,"gmtModify":1634523579094,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"都不给我上车的机会","listText":"都不给我上车的机会","text":"都不给我上车的机会","images":[{"img":"https://static.tigerbbs.com/bffc550994c19453d7cf3acd7f47182e","width":"1125","height":"3049"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352116065","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":327037401,"gmtCreate":1616037882703,"gmtModify":1703496719586,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"开始走强起来了","listText":"开始走强起来了","text":"开始走强起来了","images":[{"img":"https://static.tigerbbs.com/2916da132d7b00f716c59d1623242181","width":"1125","height":"1909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327037401","isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":382552444,"gmtCreate":1613469450488,"gmtModify":1634553557357,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>买少了[微笑] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>买少了[微笑] ","text":"$老虎证券(TIGR)$买少了[微笑]","images":[{"img":"https://static.tigerbbs.com/7161f83abf893a3cefd6921b689d9899","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/382552444","isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":388979751,"gmtCreate":1613016359773,"gmtModify":1703768399797,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[呆住] ","listText":"[呆住] ","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/388979751","repostId":"1168524354","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389853551,"gmtCreate":1612753583673,"gmtModify":1703764624823,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"哦","listText":"哦","text":"哦","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389853551","repostId":"1140942389","repostType":4,"repost":{"id":"1140942389","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1612233347,"share":"https://www.laohu8.com/m/news/1140942389?lang=&edition=full","pubTime":"2021-02-02 10:35","market":"sh","language":"zh","title":"提醒:春节假期主要市场休市安排一览","url":"https://stock-news.laohu8.com/highlight/detail?id=1140942389","media":"老虎资讯综合","summary":"春节假期即将来临,敬请广大投资者留意,提前做好资金安排。$老虎证券$祝您及家人新春快乐,牛年大吉!2月11日(星期四)除夕上午开市,下午休市;2月12日(星期五)至2月15日(星期一)全天休市;2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。CBOE 下 VIX 波动率期货于2月15日10:00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","content":"<p>春节假期即将来临,敬请广大投资者留意,提前做好资金安排。<a href=\"https://laohu8.com/S/TIGR\">老虎证券</a>祝您及家人新春快乐,牛年大吉!</p><p>春节期间各地股市休市安排如下:(均为当地时间)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>美股:</b></p><p>2月15日(星期一)因美国总统日全天休市。</p><p><b>港股:</b></p><p>2月11日(星期四)除夕上午开市,下午休市;</p><p>2月12日(星期五)至2月15日(星期一)全天休市;</p><p>2月16日(星期二)起照常开市。</p><p><b>A股:</b></p><p>2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。</p><p><b>沪、深股通:</b></p><p>2月11日(星期四)至2月17日(星期三)关闭;2月18日(星期四)起照常开通。</p><p><b>港股通:</b></p><p>2月9日(星期二)至2月17日(星期三)关闭服务,2月18日(星期四)起照常开通。</p><p><b>英股:</b></p><p>照常交易</p><p><b>澳股:</b></p><p>照常交易</p><p><b>新加坡市场:</b></p><p>2月11日(星期四)交易半日。</p><p>2月12日(星期五)全天休市。</p><p><b>期货市场:</b></p><p>HKEX下美元黄金、指数类货于2月11日12:30休市,个股期货于2月11日12:00休市;指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。</p><p>GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12:00(北京时间16日凌晨02:00)提前休市;活畜、大小谷物、稻谷期货于2月15日全天休市。</p><p>CBOE 下 VIX 波动率期货于2月15日10:00提前休市。</p><p>SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>提醒:春节假期主要市场休市安排一览</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n提醒:春节假期主要市场休市安排一览\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-02-02 10:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>春节假期即将来临,敬请广大投资者留意,提前做好资金安排。<a href=\"https://laohu8.com/S/TIGR\">老虎证券</a>祝您及家人新春快乐,牛年大吉!</p><p>春节期间各地股市休市安排如下:(均为当地时间)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>美股:</b></p><p>2月15日(星期一)因美国总统日全天休市。</p><p><b>港股:</b></p><p>2月11日(星期四)除夕上午开市,下午休市;</p><p>2月12日(星期五)至2月15日(星期一)全天休市;</p><p>2月16日(星期二)起照常开市。</p><p><b>A股:</b></p><p>2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。</p><p><b>沪、深股通:</b></p><p>2月11日(星期四)至2月17日(星期三)关闭;2月18日(星期四)起照常开通。</p><p><b>港股通:</b></p><p>2月9日(星期二)至2月17日(星期三)关闭服务,2月18日(星期四)起照常开通。</p><p><b>英股:</b></p><p>照常交易</p><p><b>澳股:</b></p><p>照常交易</p><p><b>新加坡市场:</b></p><p>2月11日(星期四)交易半日。</p><p>2月12日(星期五)全天休市。</p><p><b>期货市场:</b></p><p>HKEX下美元黄金、指数类货于2月11日12:30休市,个股期货于2月11日12:00休市;指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。</p><p>GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12:00(北京时间16日凌晨02:00)提前休市;活畜、大小谷物、稻谷期货于2月15日全天休市。</p><p>CBOE 下 VIX 波动率期货于2月15日10:00提前休市。</p><p>SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f8f89c8af2a895e609af6985ff4ae3ab","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140942389","content_text":"春节假期即将来临,敬请广大投资者留意,提前做好资金安排。老虎证券祝您及家人新春快乐,牛年大吉!春节期间各地股市休市安排如下:(均为当地时间)美股:2月15日(星期一)因美国总统日全天休市。港股:2月11日(星期四)除夕上午开市,下午休市;2月12日(星期五)至2月15日(星期一)全天休市;2月16日(星期二)起照常开市。A股:2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。沪、深股通:2月11日(星期四)至2月17日(星期三)关闭;2月18日(星期四)起照常开通。港股通:2月9日(星期二)至2月17日(星期三)关闭服务,2月18日(星期四)起照常开通。英股:照常交易澳股:照常交易新加坡市场:2月11日(星期四)交易半日。2月12日(星期五)全天休市。期货市场:HKEX下美元黄金、指数类货于2月11日12:30休市,个股期货于2月11日12:00休市;指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12:00(北京时间16日凌晨02:00)提前休市;活畜、大小谷物、稻谷期货于2月15日全天休市。CBOE 下 VIX 波动率期货于2月15日10:00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389821876,"gmtCreate":1612752563195,"gmtModify":1703764611871,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] [微笑] [微笑] [微笑] [开心] ","listText":"[微笑] [微笑] [微笑] [微笑] [微笑] [开心] ","text":"[微笑] [微笑] [微笑] [微笑] [微笑] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389821876","repostId":"1162762479","repostType":4,"repost":{"id":"1162762479","pubTimestamp":1612751180,"share":"https://www.laohu8.com/m/news/1162762479?lang=&edition=full","pubTime":"2021-02-08 10:26","market":"hk","language":"zh","title":"京东物流再传上市,刘强东这次真急了?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162762479","media":"AI财经社","summary":"文/杨俏\n到目前为止,京东物流被传上市不止4次了。\n日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其","content":"<p>文/杨俏</p>\n<p>到目前为止,<a href=\"https://laohu8.com/S/JD\">京东</a>物流被传上市不止4次了。</p>\n<p>日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其一位高管也表示,“我也不知道”。</p>\n<p>一位快递业资深从业人士告诉AI财经社,他此前预测京东物流于去年第四季度完成上市。“当时京东物流的社会形象非常好,京东二次上市、京东健康登陆港交所等多项利好消息。如果京东物流上市,加上京东在港股的双向联动,可以加速推进京东物流的市场发展。”</p>\n<p>如今看来,虽未在2020年完成上市,眼下的人事变动、公司战略布局和方向调整,更像是为2021年京东物流冲刺资本市场所做的准备。京东物流上市成功后,将是京东旗下第4家上市的公司。</p>\n<p><b>换帅加速IPO进程</b></p>\n<p>在最近一次传出京东物流上市的消息之前,京东物流内部高管刚刚做过调整。在京东待了10年之久的前京东物流CEO王振辉,于2020年底辞去首席执行官一职,代替他的是京东集团前首席人力资源官余睿。</p>\n<p>同时,余睿也将从2021年1月27日起,任职达达集团的董事,王振辉辞任董事职位。</p>\n<p>据京东集团公告显示,余睿在零售和物流运营管理方面经验丰富,京东希望余睿能够带领京东物流持续提升客户体验,继续推动社会化物流成本的下降。</p>\n<p>接任京东物流CEO的余睿是80后,也曾是京东最为年轻的副总裁。2008年余睿以管<a href=\"https://laohu8.com/S/PSO\">培生</a>的身份加入京东。</p>\n<p>从一线开始做起的余睿,任职过客服,外部传言最多的是其一天接了96个电话,经常被顾客骂。此外还任职过拣货员、快递员。通过京东的轮岗机制,余睿在京东集团、京东零售、京东物流等众多管理岗位进行过历练。2014年,晋升为京东集团最年轻的副总裁。</p>\n<p>中途离开京东的余睿2016年被刘强东重新“召回”,出任1号店CEO,推动1号店业务、架构及组织的整合重组;2019年起,余睿担任京东集团首席人力资源官。</p>\n<p>比余睿晚2年加入京东的王振辉,是京东多年的老兵了。在2017年京东成立物流子集团之时,王振辉出任京东物流CEO,开始掌权。</p>\n<p>包括“青流计划”、“京准达”、“京尊达”、“无人仓”、京东个人快递业务等多种物流服务模式,都是由他提出。</p>\n<p>京东物流更是于2018年迎来了资本市场26亿美元的融资,其中,高瓴资本、红杉中国、招商集团、<a href=\"https://laohu8.com/S/00700\">腾讯</a>等多家顶级投资机构入局,投后估值约134亿美元。当时也有业内人士判断其有可能在2019年下半年独立上市。</p>\n<p>王振辉也对外表示,京东物流完成了梦想的第一阶段,“从2017年独立成为子集团到2019年底,经过2年多时间的开放,京东物流实现了从企业物流向物流企业的转型。”</p>\n<p>2020年上半年京东的物流及其他服务收入为154亿元,到2020年9月底,物流及其他服务收入为258亿元,京东物流运营的仓库超过800个。</p>\n<p>不过,即便功劳不小,从2018年至今,王振辉带领的京东物流一直未给出确切的上市时间点。</p>\n<p>快递专家赵小敏分析,余睿的独立做事风格和性格与刘强东都有些相似,他的回归必定会加速推进京东物流上市的进程。</p>\n<p><b>618前:最好的上市节点</b></p>\n<p>2007年,刘强东不顾众人反对,一意孤行走向了“烧钱”的道路,自建京东物流。此后211限时达的时效塑造了新的用户体验,提升了京东的品牌度。京东物流成为了京东平台用户的“刚需”,也是京东B2C模式中不可缺少的一环。</p>\n<p>自建物流是福也是祸,难免将企业拖入到亏损的泥潭当中。2015 年京东亏损高达94亿元。尽管2016年,京东物流实现了211.2亿元的收入,整体仍处于亏损状态。</p>\n<p>在2019年刘强东的一封内部信表示,京东物流自建立起已经连续亏损了12年,2018年一年亏损达到了23亿元,如果加上内部结算,2018年亏损额高达28亿元。</p>\n<p>“沉重”的京东物流不得不从京东体系中剥离出来。一方面,京东物流从服务京东商城已经拓展至第三方卖家,服务于<a href=\"https://laohu8.com/S/NTES\">网易</a>严选、小米有品等社交电商平台,已经具备了融资的能力;另一方面,京东也需要通过剥离亏损的物流业务,提升自己在资本市场的影响力。</p>\n<p>事实上,近观京东物流近两年来的动作,都在有意扩张自己的商业版图,弥补短板。在业内人士看来,从京东物流近两年来的布局,涉足的每一个领域都弥补京东物流在物流领域的短板。</p>\n<p>下沉市场方面,2020年初,京东成立了加盟制快递众邮快递,后续经过调整,众邮快递更名为京喜快递;快运方面,京东物流以总对价30亿元收购跨速运企业跨越速运;此外,京东物流也通过投资控股的方式,逐步成为A股上市公司、仓储物流提供服务商<a href=\"https://laohu8.com/S/300013\">新宁物流</a>(300013.SZ)的第一大股东,管理团队也正式入驻。</p>\n<p><img src=\"https://static.tigerbbs.com/94f724aef912e2767d0d1f93f5f206b4\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p>也有业内人士认为,“目前,新宁物流对京东物流的估值会大打折扣,包括与跨越速运的合作,都没有实质性的进展。京东物流在冲击IPO,要想在二级市场有好故事,最好在IPO前完成京东航空梯队和<a href=\"https://laohu8.com/S/HUBG\">枢纽</a>的建设。”</p>\n<p>在赵小敏看来,目前而言,京东物流最好的上市时间是5月前,必须在618之前完成挂牌,才能维持其在资本市场的表现,抵御市场风险。</p>\n<p>“如果618之后还未登陆资本市场,那就没有可讲的东西了。而且估值也会相应地缩水。”他认为。</p>\n<p>京东物流上市成功后,将是京东旗下第4家上市的公司,其余3是分别在美股上市的京东集团、美股上市的<a href=\"https://laohu8.com/S/DADA\">达达集团</a>以及在香港上市的京东健康。</p>\n<p><b>强敌环绕,急需突围</b></p>\n<p>京东物流急于上市,考虑的或许不止于此。</p>\n<p>物流行业凭借着互联网及电商的红利快速发展进步,目前,除京东物流外,国内其他主流的物流企业早已上市。</p>\n<p>当京东物流还在“拖累”京东集团之际,圆通、申通、韵达等都已借壳上市成功,中通成为了首家在美股上市的中国快递企业,顺丰也通过借壳方式登陆A股。</p>\n<p>物流企业纷纷上市的大潮中,“掉队”的百世物流也于2017年在纳斯达克挂牌上市。至此,“三通一达”、顺丰、百世均完成了上市动作。</p>\n<p>尽管京东物流在外界口碑极佳,但与顺丰、中通等老牌物流企业相比,京东物流无论是收入、业务量等,都有不小的差距。</p>\n<p>仅从营收而言,2017年京东物流对外透露年收入接近300亿元之时,顺丰半年营收就达到了该规模;2020年前三季度京东的物流及其他服务收入258亿元,顺丰已经实现破千亿营收。</p>\n<p>而<a href=\"https://laohu8.com/S/ZTO\">中通快递</a>2020年实现了170亿票的业务总量,市场份额扩大至20.8%,领跑其他快递企业,占据市场规模第一。</p>\n<p>截至目前,顺丰最新市值为4850亿人民币;中通最新市值为302亿美元。据相关媒体报道,京东物流已挑选<a href=\"https://laohu8.com/S/BAC\">美国银行</a>和<a href=\"https://laohu8.com/S/GS\">高盛</a>牵头经办香港IPO事宜,估值可能达约400亿美元。</p>\n<p>赵小敏认为,京东物流拥有京东强大的商流基础、仓配一体化的特性、技术自动化和直营的基因等,都是维持目前它相对高估值的因素;此外,对京东的依赖性很强、商业模式的成长性、市场方面的突破,也是资本追捧的原因。</p>\n<p>不过,他也认为目前400亿的估值偏高:“综合评判,京东物流的估值应该在300亿美元左右。</p>\n<p>另外,2019年,阿里投资53亿元增持菜鸟网络的股份后,菜鸟估值达到了1325亿元。已经集齐了“通达系”快递企业的阿里系电商物流订单占国内7成以上份额,占据通达系快递企业8至9成以上的订单,这无论是对于京东物流而言还是其他在物流领域单兵作战的企业而言,都是不小的威胁。</p>\n<p>相比于目前市场上其他竞争对手而言,京东物流需要的是持续性增长和规模化效应。2019年京东集团Q2财报中指出,对于京东物流,相较于现阶段的盈亏,未来持续性的规模盈利能力更是关键。在IPO之前,更大市场份额占比以及规模化效应势必将成为京东物流未来发展的关键落脚点。</p>\n<p>在物流领域的资本游戏运作中,每一位选手都怕掉队。快递企业纷纷谋求上市,背后不止是中国快递行业的变革与升级,更是残酷的市场竞争之下倒逼的结果。</p>","source":"AI财经社","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>京东物流再传上市,刘强东这次真急了?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n京东物流再传上市,刘强东这次真急了?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 10:26 北京时间 <a href=https://www.aicaijing.com.cn/overview?article_id=5354><strong>AI财经社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文/杨俏\n到目前为止,京东物流被传上市不止4次了。\n日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其一位高管也表示,“我也不知道”。\n一位快递业资深从业人士告诉AI财经社,他此前预测京东物流于去年第四季度完成上市。“当时京东物流的社会形象非常好,京东二次上市、京东健康登陆港交所等多项利好消息。如果...</p>\n\n<a href=\"https://www.aicaijing.com.cn/overview?article_id=5354\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0a50f1e7f83dfbc3c1956c3d2b4f4b4b","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"source_url":"https://www.aicaijing.com.cn/overview?article_id=5354","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162762479","content_text":"文/杨俏\n到目前为止,京东物流被传上市不止4次了。\n日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其一位高管也表示,“我也不知道”。\n一位快递业资深从业人士告诉AI财经社,他此前预测京东物流于去年第四季度完成上市。“当时京东物流的社会形象非常好,京东二次上市、京东健康登陆港交所等多项利好消息。如果京东物流上市,加上京东在港股的双向联动,可以加速推进京东物流的市场发展。”\n如今看来,虽未在2020年完成上市,眼下的人事变动、公司战略布局和方向调整,更像是为2021年京东物流冲刺资本市场所做的准备。京东物流上市成功后,将是京东旗下第4家上市的公司。\n换帅加速IPO进程\n在最近一次传出京东物流上市的消息之前,京东物流内部高管刚刚做过调整。在京东待了10年之久的前京东物流CEO王振辉,于2020年底辞去首席执行官一职,代替他的是京东集团前首席人力资源官余睿。\n同时,余睿也将从2021年1月27日起,任职达达集团的董事,王振辉辞任董事职位。\n据京东集团公告显示,余睿在零售和物流运营管理方面经验丰富,京东希望余睿能够带领京东物流持续提升客户体验,继续推动社会化物流成本的下降。\n接任京东物流CEO的余睿是80后,也曾是京东最为年轻的副总裁。2008年余睿以管培生的身份加入京东。\n从一线开始做起的余睿,任职过客服,外部传言最多的是其一天接了96个电话,经常被顾客骂。此外还任职过拣货员、快递员。通过京东的轮岗机制,余睿在京东集团、京东零售、京东物流等众多管理岗位进行过历练。2014年,晋升为京东集团最年轻的副总裁。\n中途离开京东的余睿2016年被刘强东重新“召回”,出任1号店CEO,推动1号店业务、架构及组织的整合重组;2019年起,余睿担任京东集团首席人力资源官。\n比余睿晚2年加入京东的王振辉,是京东多年的老兵了。在2017年京东成立物流子集团之时,王振辉出任京东物流CEO,开始掌权。\n包括“青流计划”、“京准达”、“京尊达”、“无人仓”、京东个人快递业务等多种物流服务模式,都是由他提出。\n京东物流更是于2018年迎来了资本市场26亿美元的融资,其中,高瓴资本、红杉中国、招商集团、腾讯等多家顶级投资机构入局,投后估值约134亿美元。当时也有业内人士判断其有可能在2019年下半年独立上市。\n王振辉也对外表示,京东物流完成了梦想的第一阶段,“从2017年独立成为子集团到2019年底,经过2年多时间的开放,京东物流实现了从企业物流向物流企业的转型。”\n2020年上半年京东的物流及其他服务收入为154亿元,到2020年9月底,物流及其他服务收入为258亿元,京东物流运营的仓库超过800个。\n不过,即便功劳不小,从2018年至今,王振辉带领的京东物流一直未给出确切的上市时间点。\n快递专家赵小敏分析,余睿的独立做事风格和性格与刘强东都有些相似,他的回归必定会加速推进京东物流上市的进程。\n618前:最好的上市节点\n2007年,刘强东不顾众人反对,一意孤行走向了“烧钱”的道路,自建京东物流。此后211限时达的时效塑造了新的用户体验,提升了京东的品牌度。京东物流成为了京东平台用户的“刚需”,也是京东B2C模式中不可缺少的一环。\n自建物流是福也是祸,难免将企业拖入到亏损的泥潭当中。2015 年京东亏损高达94亿元。尽管2016年,京东物流实现了211.2亿元的收入,整体仍处于亏损状态。\n在2019年刘强东的一封内部信表示,京东物流自建立起已经连续亏损了12年,2018年一年亏损达到了23亿元,如果加上内部结算,2018年亏损额高达28亿元。\n“沉重”的京东物流不得不从京东体系中剥离出来。一方面,京东物流从服务京东商城已经拓展至第三方卖家,服务于网易严选、小米有品等社交电商平台,已经具备了融资的能力;另一方面,京东也需要通过剥离亏损的物流业务,提升自己在资本市场的影响力。\n事实上,近观京东物流近两年来的动作,都在有意扩张自己的商业版图,弥补短板。在业内人士看来,从京东物流近两年来的布局,涉足的每一个领域都弥补京东物流在物流领域的短板。\n下沉市场方面,2020年初,京东成立了加盟制快递众邮快递,后续经过调整,众邮快递更名为京喜快递;快运方面,京东物流以总对价30亿元收购跨速运企业跨越速运;此外,京东物流也通过投资控股的方式,逐步成为A股上市公司、仓储物流提供服务商新宁物流(300013.SZ)的第一大股东,管理团队也正式入驻。\n\n也有业内人士认为,“目前,新宁物流对京东物流的估值会大打折扣,包括与跨越速运的合作,都没有实质性的进展。京东物流在冲击IPO,要想在二级市场有好故事,最好在IPO前完成京东航空梯队和枢纽的建设。”\n在赵小敏看来,目前而言,京东物流最好的上市时间是5月前,必须在618之前完成挂牌,才能维持其在资本市场的表现,抵御市场风险。\n“如果618之后还未登陆资本市场,那就没有可讲的东西了。而且估值也会相应地缩水。”他认为。\n京东物流上市成功后,将是京东旗下第4家上市的公司,其余3是分别在美股上市的京东集团、美股上市的达达集团以及在香港上市的京东健康。\n强敌环绕,急需突围\n京东物流急于上市,考虑的或许不止于此。\n物流行业凭借着互联网及电商的红利快速发展进步,目前,除京东物流外,国内其他主流的物流企业早已上市。\n当京东物流还在“拖累”京东集团之际,圆通、申通、韵达等都已借壳上市成功,中通成为了首家在美股上市的中国快递企业,顺丰也通过借壳方式登陆A股。\n物流企业纷纷上市的大潮中,“掉队”的百世物流也于2017年在纳斯达克挂牌上市。至此,“三通一达”、顺丰、百世均完成了上市动作。\n尽管京东物流在外界口碑极佳,但与顺丰、中通等老牌物流企业相比,京东物流无论是收入、业务量等,都有不小的差距。\n仅从营收而言,2017年京东物流对外透露年收入接近300亿元之时,顺丰半年营收就达到了该规模;2020年前三季度京东的物流及其他服务收入258亿元,顺丰已经实现破千亿营收。\n而中通快递2020年实现了170亿票的业务总量,市场份额扩大至20.8%,领跑其他快递企业,占据市场规模第一。\n截至目前,顺丰最新市值为4850亿人民币;中通最新市值为302亿美元。据相关媒体报道,京东物流已挑选美国银行和高盛牵头经办香港IPO事宜,估值可能达约400亿美元。\n赵小敏认为,京东物流拥有京东强大的商流基础、仓配一体化的特性、技术自动化和直营的基因等,都是维持目前它相对高估值的因素;此外,对京东的依赖性很强、商业模式的成长性、市场方面的突破,也是资本追捧的原因。\n不过,他也认为目前400亿的估值偏高:“综合评判,京东物流的估值应该在300亿美元左右。\n另外,2019年,阿里投资53亿元增持菜鸟网络的股份后,菜鸟估值达到了1325亿元。已经集齐了“通达系”快递企业的阿里系电商物流订单占国内7成以上份额,占据通达系快递企业8至9成以上的订单,这无论是对于京东物流而言还是其他在物流领域单兵作战的企业而言,都是不小的威胁。\n相比于目前市场上其他竞争对手而言,京东物流需要的是持续性增长和规模化效应。2019年京东集团Q2财报中指出,对于京东物流,相较于现阶段的盈亏,未来持续性的规模盈利能力更是关键。在IPO之前,更大市场份额占比以及规模化效应势必将成为京东物流未来发展的关键落脚点。\n在物流领域的资本游戏运作中,每一位选手都怕掉队。快递企业纷纷谋求上市,背后不止是中国快递行业的变革与升级,更是残酷的市场竞争之下倒逼的结果。","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":891882728,"gmtCreate":1628379279464,"gmtModify":1633751430962,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/891882728","repostId":"1186953205","repostType":2,"isVote":1,"tweetType":1,"viewCount":1330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":382552444,"gmtCreate":1613469450488,"gmtModify":1634553557357,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>买少了[微笑] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>买少了[微笑] ","text":"$老虎证券(TIGR)$买少了[微笑]","images":[{"img":"https://static.tigerbbs.com/7161f83abf893a3cefd6921b689d9899","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/382552444","isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":823424668,"gmtCreate":1633656260433,"gmtModify":1633656260647,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/823424668","repostId":"1176501017","repostType":4,"repost":{"id":"1176501017","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯,最专业的解读分析,覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1633653233,"share":"https://www.laohu8.com/m/news/1176501017?lang=&edition=full","pubTime":"2021-10-08 08:33","market":"us","language":"zh","title":"打爆空头!特斯拉业绩大超预期,\"芯片荒\"下竟躲过停工","url":"https://stock-news.laohu8.com/highlight/detail?id=1176501017","media":"券商中国","summary":"“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”\n这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在","content":"<p>“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”</p>\n<p><b>这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在近日披露的三季报中,特斯拉第三季度全球范围内交付量达24.13万辆,轻松打破上个季度的历史纪录,并大幅超过市场预期。公司股价在本周一美股大跌中逆势上涨,继续打爆做空势力,更有华尔街分析师给予其12个月内1000美元/股的目标价。</b></p>\n<p>不过,特斯拉本周一遭遇一纸判决:因应对工厂种族歧视不力,被判向一名前员工赔偿1.37亿美元(约合人民币8.8亿元)。</p>\n<p>但同时也有“好消息”传来,美国国家公路交通安全管理局拒绝了2019年对其火灾展开正式调查的请愿书,该机构称“无法将事故与任何设计或制造缺陷情况联系起来。”</p>\n<p><b>持续击败华尔街空头</b></p>\n<p>近日,特斯拉公布2021年第三季度全球的生产和交付情况,所有车型总交付量达到24.13万辆,打破今年第二季度创下的历史纪录,环比涨幅达到接近20%,这无疑是超预期的数字:早在三季报公布之前,华尔街曾公布一项对分析师的调查,行业分析师们预计特斯拉在三季度平均交付22.27万辆车,较最终公布的数据仍是低估了不少。</p>\n<p><img src=\"https://static.tigerbbs.com/50297175934d52fd9eac0a6175699ef3\" tg-width=\"922\" tg-height=\"443\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>图源:INSIDEEVs</p>\n<p><b>受此利好消息影响,本周一在美股三大股指集体下挫的行情下,特斯拉逆势上涨0.81%,盘中最高涨逾4%。截至周四收盘,特斯拉最新市值达7950亿美元。</b></p>\n<p>不仅如此,大摩还将公司2021年交付量预期从83.5万辆上调至88.1万辆,2022年交付量预期从113万辆上调至120万辆,并维持特斯拉900美元目标价和“超配”评级。</p>\n<p>自3月份触及2021年低点以来,特斯拉的股价已上涨41%,如果将时间拉长至去年年初,400多个交易日以来,公司股价涨幅则超过8倍。这让敢于押注股价下跌的华尔街空头伤了脑筋:该公司曾经是纳斯达克被做空最多的股票——去年最多时有多达20%的流通股为卖空股。然而,据彭博社报道,“但现在看起来他们中的大多数人已经放弃了。”</p>\n<p>根据IHS Markit Ltd.的数据,截至上周四,投资者借入的股票百分比已降至特斯拉流通股1.1%,这是自2010年上市以来的最低水平,并在过去的12个月里,卖空比稳步下降。</p>\n<p>而早在今年年初,金融数据公司S3 Partners就披露数据,2020年特斯拉股价上涨743%,让空头们损失高达401亿美元。该公司董事总经理Ihor Dusaniwsky表示,这不仅是去年所有空头在股票上遭受的最大损失,也是有史以来最大的空头损失。</p>\n<p><b>Wedbush的金融分析师的Dan Ives给客户发的邮件继续重申1000/股美元是特斯拉未来12个月的目标价格。他认为特斯拉有望在今年实现90万辆的年交付量。“当前新能源车的全球保有仅为3%,到2025年电动汽车可能会增长到10%,并且随着各国继续出台减少碳排放的政策,将提振新能源车并使特斯拉及其相关股票受益。”</b></p>\n<p>值得一提的是,在中国,受负面舆情以及国产新能源车异军突起的竞争影响,特斯拉光环似乎在逐渐褪去。然而,虽然三季报中并未透露世界各个国家和地区的销量情况,但Future Fund的投资组合经理Gary Black表示,特斯拉三季度创纪录的交付是由中国市场良好销量推动的,这“打破了中国需求正在放缓的任何想法”。</p>\n<p><b>全球汽车芯片困境中独树一帜</b></p>\n<p><b>众所周知,特斯拉是世界上垂直整合度最高的公司之一,它控制和维护自己的部件供应链,甚至包括车辆座椅。然而,在面对世界性的芯片短缺时,特斯拉似乎也有点吃力。</b></p>\n<p>据路透社上个月报道,马斯克表示,特斯拉在第三季度早些时候遭遇了极其严重的零部件短缺。虽然面临困难,但在全球所有汽车制造商中,特斯拉基本是为数不多的基本成功避免芯片危机的公司,因而没有出现大规模的生产停工。</p>\n<p>因此,三季报发布后,马斯克在推特上连发两条动态,着重感谢了供应商和合作伙伴在“艰难时刻”的付出。</p>\n<p><img src=\"https://static.tigerbbs.com/3aec3fb9f1ffbaea4d276f7b11c547dc\" tg-width=\"1080\" tg-height=\"207\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6ec44402545fe29a8779a3f500dee2ae\" tg-width=\"1080\" tg-height=\"234\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>大摩在给客户的一份报告中表示,特斯拉的垂直整合能力,加上其灵活的企业文化和相对较小的公司规模,帮助其克服了阻碍该一些老牌公司的芯片短缺问题。大摩称赞在芯片方面的努力“它研发了属于自己的AI芯片来服务其自动驾驶工作,(特斯拉)不仅是芯片制造领域的老手,而且还是自己供应商的竞争对手。”</p>\n<p><b>“虽然电动汽车领域有很多竞争对手,但特斯拉在与芯片短缺作斗争的同时,继续在占据市场份额的主导地位。”Dan Ives表示。</b></p>\n<p><b>被判向1名前员工赔偿8.8亿</b></p>\n<p>旧金山联邦法院周一裁定,特斯拉使前黑人员工Owen Diaz遭受了种族敌意工作环境,未能采取合理措施来防止他受到种族骚扰,命令该公司向Diaz赔偿近1.37亿美元(约合人民币8.8亿元)。就业律师事务所加州民权法律团体的律师Lawrence A. Organ证实了这一判决。他表示,在这1.37亿美元赔偿金中,690万美元是与情感抑郁相关的赔偿金,另外1.3亿美元是惩罚性赔偿金。</p>\n<p>同日,根据周一提交的一份联邦文件,美国国家公路交通安全管理局 (NHTSA) 拒绝了2019年对特斯拉汽车火灾展开正式调查的请愿书。该请愿书指的是一位名叫Edward Chen的男子于2019年9月提交了一份请愿书,敦促监管机构对特斯拉的车辆进行调查,以查看产品是否存在任何缺陷。他声称该汽车制造商当年发布了“软件更新,以掩盖和掩盖其车辆电池潜在的普遍和危险问题,” 且“更新降低了电池容量和快速充电速度。”</p>\n<p>但NHTSA决定不对特斯拉电池火灾进行调查。“特斯拉对中国发生的非碰撞火灾的调查没有确定原因,也无法将事故与任何设计或制造缺陷情况联系起来,”NHTSA的否认声明表示,“现有数据表明特斯拉的非碰撞电池起火是罕见的事件。”</p>\n<p>NHTSA补充说,“自2019年3月下旬至5月中旬的48天内,中国大陆和香港发生三起火灾以来,全球未观察到其他与之相似的起火事件。”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>打爆空头!特斯拉业绩大超预期,\"芯片荒\"下竟躲过停工</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n打爆空头!特斯拉业绩大超预期,\"芯片荒\"下竟躲过停工\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time\">2021-10-08 08:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”</p>\n<p><b>这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在近日披露的三季报中,特斯拉第三季度全球范围内交付量达24.13万辆,轻松打破上个季度的历史纪录,并大幅超过市场预期。公司股价在本周一美股大跌中逆势上涨,继续打爆做空势力,更有华尔街分析师给予其12个月内1000美元/股的目标价。</b></p>\n<p>不过,特斯拉本周一遭遇一纸判决:因应对工厂种族歧视不力,被判向一名前员工赔偿1.37亿美元(约合人民币8.8亿元)。</p>\n<p>但同时也有“好消息”传来,美国国家公路交通安全管理局拒绝了2019年对其火灾展开正式调查的请愿书,该机构称“无法将事故与任何设计或制造缺陷情况联系起来。”</p>\n<p><b>持续击败华尔街空头</b></p>\n<p>近日,特斯拉公布2021年第三季度全球的生产和交付情况,所有车型总交付量达到24.13万辆,打破今年第二季度创下的历史纪录,环比涨幅达到接近20%,这无疑是超预期的数字:早在三季报公布之前,华尔街曾公布一项对分析师的调查,行业分析师们预计特斯拉在三季度平均交付22.27万辆车,较最终公布的数据仍是低估了不少。</p>\n<p><img src=\"https://static.tigerbbs.com/50297175934d52fd9eac0a6175699ef3\" tg-width=\"922\" tg-height=\"443\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>图源:INSIDEEVs</p>\n<p><b>受此利好消息影响,本周一在美股三大股指集体下挫的行情下,特斯拉逆势上涨0.81%,盘中最高涨逾4%。截至周四收盘,特斯拉最新市值达7950亿美元。</b></p>\n<p>不仅如此,大摩还将公司2021年交付量预期从83.5万辆上调至88.1万辆,2022年交付量预期从113万辆上调至120万辆,并维持特斯拉900美元目标价和“超配”评级。</p>\n<p>自3月份触及2021年低点以来,特斯拉的股价已上涨41%,如果将时间拉长至去年年初,400多个交易日以来,公司股价涨幅则超过8倍。这让敢于押注股价下跌的华尔街空头伤了脑筋:该公司曾经是纳斯达克被做空最多的股票——去年最多时有多达20%的流通股为卖空股。然而,据彭博社报道,“但现在看起来他们中的大多数人已经放弃了。”</p>\n<p>根据IHS Markit Ltd.的数据,截至上周四,投资者借入的股票百分比已降至特斯拉流通股1.1%,这是自2010年上市以来的最低水平,并在过去的12个月里,卖空比稳步下降。</p>\n<p>而早在今年年初,金融数据公司S3 Partners就披露数据,2020年特斯拉股价上涨743%,让空头们损失高达401亿美元。该公司董事总经理Ihor Dusaniwsky表示,这不仅是去年所有空头在股票上遭受的最大损失,也是有史以来最大的空头损失。</p>\n<p><b>Wedbush的金融分析师的Dan Ives给客户发的邮件继续重申1000/股美元是特斯拉未来12个月的目标价格。他认为特斯拉有望在今年实现90万辆的年交付量。“当前新能源车的全球保有仅为3%,到2025年电动汽车可能会增长到10%,并且随着各国继续出台减少碳排放的政策,将提振新能源车并使特斯拉及其相关股票受益。”</b></p>\n<p>值得一提的是,在中国,受负面舆情以及国产新能源车异军突起的竞争影响,特斯拉光环似乎在逐渐褪去。然而,虽然三季报中并未透露世界各个国家和地区的销量情况,但Future Fund的投资组合经理Gary Black表示,特斯拉三季度创纪录的交付是由中国市场良好销量推动的,这“打破了中国需求正在放缓的任何想法”。</p>\n<p><b>全球汽车芯片困境中独树一帜</b></p>\n<p><b>众所周知,特斯拉是世界上垂直整合度最高的公司之一,它控制和维护自己的部件供应链,甚至包括车辆座椅。然而,在面对世界性的芯片短缺时,特斯拉似乎也有点吃力。</b></p>\n<p>据路透社上个月报道,马斯克表示,特斯拉在第三季度早些时候遭遇了极其严重的零部件短缺。虽然面临困难,但在全球所有汽车制造商中,特斯拉基本是为数不多的基本成功避免芯片危机的公司,因而没有出现大规模的生产停工。</p>\n<p>因此,三季报发布后,马斯克在推特上连发两条动态,着重感谢了供应商和合作伙伴在“艰难时刻”的付出。</p>\n<p><img src=\"https://static.tigerbbs.com/3aec3fb9f1ffbaea4d276f7b11c547dc\" tg-width=\"1080\" tg-height=\"207\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/6ec44402545fe29a8779a3f500dee2ae\" tg-width=\"1080\" tg-height=\"234\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>大摩在给客户的一份报告中表示,特斯拉的垂直整合能力,加上其灵活的企业文化和相对较小的公司规模,帮助其克服了阻碍该一些老牌公司的芯片短缺问题。大摩称赞在芯片方面的努力“它研发了属于自己的AI芯片来服务其自动驾驶工作,(特斯拉)不仅是芯片制造领域的老手,而且还是自己供应商的竞争对手。”</p>\n<p><b>“虽然电动汽车领域有很多竞争对手,但特斯拉在与芯片短缺作斗争的同时,继续在占据市场份额的主导地位。”Dan Ives表示。</b></p>\n<p><b>被判向1名前员工赔偿8.8亿</b></p>\n<p>旧金山联邦法院周一裁定,特斯拉使前黑人员工Owen Diaz遭受了种族敌意工作环境,未能采取合理措施来防止他受到种族骚扰,命令该公司向Diaz赔偿近1.37亿美元(约合人民币8.8亿元)。就业律师事务所加州民权法律团体的律师Lawrence A. Organ证实了这一判决。他表示,在这1.37亿美元赔偿金中,690万美元是与情感抑郁相关的赔偿金,另外1.3亿美元是惩罚性赔偿金。</p>\n<p>同日,根据周一提交的一份联邦文件,美国国家公路交通安全管理局 (NHTSA) 拒绝了2019年对特斯拉汽车火灾展开正式调查的请愿书。该请愿书指的是一位名叫Edward Chen的男子于2019年9月提交了一份请愿书,敦促监管机构对特斯拉的车辆进行调查,以查看产品是否存在任何缺陷。他声称该汽车制造商当年发布了“软件更新,以掩盖和掩盖其车辆电池潜在的普遍和危险问题,” 且“更新降低了电池容量和快速充电速度。”</p>\n<p>但NHTSA决定不对特斯拉电池火灾进行调查。“特斯拉对中国发生的非碰撞火灾的调查没有确定原因,也无法将事故与任何设计或制造缺陷情况联系起来,”NHTSA的否认声明表示,“现有数据表明特斯拉的非碰撞电池起火是罕见的事件。”</p>\n<p>NHTSA补充说,“自2019年3月下旬至5月中旬的48天内,中国大陆和香港发生三起火灾以来,全球未观察到其他与之相似的起火事件。”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/dc71916e1800bc43e810a3ab0125897a","relate_stocks":{"TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176501017","content_text":"“两年前,我劝5个朋友买了特斯拉的车,劝5个朋友卖了特斯拉的股票。现在想想,我可能失去了10个朋友。”\n这个段子的背后,是特斯拉频频扮演“价格屠夫”的角色、席卷全球的销量以及受此提振节节走高的股价。在近日披露的三季报中,特斯拉第三季度全球范围内交付量达24.13万辆,轻松打破上个季度的历史纪录,并大幅超过市场预期。公司股价在本周一美股大跌中逆势上涨,继续打爆做空势力,更有华尔街分析师给予其12个月内1000美元/股的目标价。\n不过,特斯拉本周一遭遇一纸判决:因应对工厂种族歧视不力,被判向一名前员工赔偿1.37亿美元(约合人民币8.8亿元)。\n但同时也有“好消息”传来,美国国家公路交通安全管理局拒绝了2019年对其火灾展开正式调查的请愿书,该机构称“无法将事故与任何设计或制造缺陷情况联系起来。”\n持续击败华尔街空头\n近日,特斯拉公布2021年第三季度全球的生产和交付情况,所有车型总交付量达到24.13万辆,打破今年第二季度创下的历史纪录,环比涨幅达到接近20%,这无疑是超预期的数字:早在三季报公布之前,华尔街曾公布一项对分析师的调查,行业分析师们预计特斯拉在三季度平均交付22.27万辆车,较最终公布的数据仍是低估了不少。\n\n图源:INSIDEEVs\n受此利好消息影响,本周一在美股三大股指集体下挫的行情下,特斯拉逆势上涨0.81%,盘中最高涨逾4%。截至周四收盘,特斯拉最新市值达7950亿美元。\n不仅如此,大摩还将公司2021年交付量预期从83.5万辆上调至88.1万辆,2022年交付量预期从113万辆上调至120万辆,并维持特斯拉900美元目标价和“超配”评级。\n自3月份触及2021年低点以来,特斯拉的股价已上涨41%,如果将时间拉长至去年年初,400多个交易日以来,公司股价涨幅则超过8倍。这让敢于押注股价下跌的华尔街空头伤了脑筋:该公司曾经是纳斯达克被做空最多的股票——去年最多时有多达20%的流通股为卖空股。然而,据彭博社报道,“但现在看起来他们中的大多数人已经放弃了。”\n根据IHS Markit Ltd.的数据,截至上周四,投资者借入的股票百分比已降至特斯拉流通股1.1%,这是自2010年上市以来的最低水平,并在过去的12个月里,卖空比稳步下降。\n而早在今年年初,金融数据公司S3 Partners就披露数据,2020年特斯拉股价上涨743%,让空头们损失高达401亿美元。该公司董事总经理Ihor Dusaniwsky表示,这不仅是去年所有空头在股票上遭受的最大损失,也是有史以来最大的空头损失。\nWedbush的金融分析师的Dan Ives给客户发的邮件继续重申1000/股美元是特斯拉未来12个月的目标价格。他认为特斯拉有望在今年实现90万辆的年交付量。“当前新能源车的全球保有仅为3%,到2025年电动汽车可能会增长到10%,并且随着各国继续出台减少碳排放的政策,将提振新能源车并使特斯拉及其相关股票受益。”\n值得一提的是,在中国,受负面舆情以及国产新能源车异军突起的竞争影响,特斯拉光环似乎在逐渐褪去。然而,虽然三季报中并未透露世界各个国家和地区的销量情况,但Future Fund的投资组合经理Gary Black表示,特斯拉三季度创纪录的交付是由中国市场良好销量推动的,这“打破了中国需求正在放缓的任何想法”。\n全球汽车芯片困境中独树一帜\n众所周知,特斯拉是世界上垂直整合度最高的公司之一,它控制和维护自己的部件供应链,甚至包括车辆座椅。然而,在面对世界性的芯片短缺时,特斯拉似乎也有点吃力。\n据路透社上个月报道,马斯克表示,特斯拉在第三季度早些时候遭遇了极其严重的零部件短缺。虽然面临困难,但在全球所有汽车制造商中,特斯拉基本是为数不多的基本成功避免芯片危机的公司,因而没有出现大规模的生产停工。\n因此,三季报发布后,马斯克在推特上连发两条动态,着重感谢了供应商和合作伙伴在“艰难时刻”的付出。\n\n大摩在给客户的一份报告中表示,特斯拉的垂直整合能力,加上其灵活的企业文化和相对较小的公司规模,帮助其克服了阻碍该一些老牌公司的芯片短缺问题。大摩称赞在芯片方面的努力“它研发了属于自己的AI芯片来服务其自动驾驶工作,(特斯拉)不仅是芯片制造领域的老手,而且还是自己供应商的竞争对手。”\n“虽然电动汽车领域有很多竞争对手,但特斯拉在与芯片短缺作斗争的同时,继续在占据市场份额的主导地位。”Dan Ives表示。\n被判向1名前员工赔偿8.8亿\n旧金山联邦法院周一裁定,特斯拉使前黑人员工Owen Diaz遭受了种族敌意工作环境,未能采取合理措施来防止他受到种族骚扰,命令该公司向Diaz赔偿近1.37亿美元(约合人民币8.8亿元)。就业律师事务所加州民权法律团体的律师Lawrence A. Organ证实了这一判决。他表示,在这1.37亿美元赔偿金中,690万美元是与情感抑郁相关的赔偿金,另外1.3亿美元是惩罚性赔偿金。\n同日,根据周一提交的一份联邦文件,美国国家公路交通安全管理局 (NHTSA) 拒绝了2019年对特斯拉汽车火灾展开正式调查的请愿书。该请愿书指的是一位名叫Edward Chen的男子于2019年9月提交了一份请愿书,敦促监管机构对特斯拉的车辆进行调查,以查看产品是否存在任何缺陷。他声称该汽车制造商当年发布了“软件更新,以掩盖和掩盖其车辆电池潜在的普遍和危险问题,” 且“更新降低了电池容量和快速充电速度。”\n但NHTSA决定不对特斯拉电池火灾进行调查。“特斯拉对中国发生的非碰撞火灾的调查没有确定原因,也无法将事故与任何设计或制造缺陷情况联系起来,”NHTSA的否认声明表示,“现有数据表明特斯拉的非碰撞电池起火是罕见的事件。”\nNHTSA补充说,“自2019年3月下旬至5月中旬的48天内,中国大陆和香港发生三起火灾以来,全球未观察到其他与之相似的起火事件。”","news_type":1},"isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880222204,"gmtCreate":1631061010108,"gmtModify":1632884912451,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880222204","repostId":"2165357785","repostType":2,"repost":{"id":"2165357785","pubTimestamp":1631056951,"share":"https://www.laohu8.com/m/news/2165357785?lang=&edition=full","pubTime":"2021-09-08 07:22","market":"sh","language":"zh","title":"福特挖角苹果汽车项目主管Doug Field","url":"https://stock-news.laohu8.com/highlight/detail?id=2165357785","media":"新浪美股","summary":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。 Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。 据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。 苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","content":"<p><img src=\"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/F\">福特汽车</a>周二宣布,已聘请前<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>高管Doug Field担任其首席先进技术和嵌入式系统官。</p>\n<p>Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。</p>\n<p>福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。</p>\n<p>Field的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。</p>\n<p>据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。</p>\n<p>苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。</p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>福特挖角苹果汽车项目主管Doug Field</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n福特挖角苹果汽车项目主管Doug Field\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 07:22 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c","relate_stocks":{"AAPL":"苹果","F":"福特汽车"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2165357785","content_text":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付智能联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。\n据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。\n苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","news_type":1},"isVote":1,"tweetType":1,"viewCount":825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880222789,"gmtCreate":1631061027141,"gmtModify":1632884912129,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880222789","repostId":"2165357785","repostType":2,"repost":{"id":"2165357785","pubTimestamp":1631056951,"share":"https://www.laohu8.com/m/news/2165357785?lang=&edition=full","pubTime":"2021-09-08 07:22","market":"sh","language":"zh","title":"福特挖角苹果汽车项目主管Doug Field","url":"https://stock-news.laohu8.com/highlight/detail?id=2165357785","media":"新浪美股","summary":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。 Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。 据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。 苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","content":"<p><img src=\"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/F\">福特汽车</a>周二宣布,已聘请前<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>和<a href=\"https://laohu8.com/S/AAPL\">苹果</a>高管Doug Field担任其首席先进技术和嵌入式系统官。</p>\n<p>Field曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。</p>\n<p>福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。</p>\n<p>Field的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。</p>\n<p>据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。</p>\n<p>苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。</p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>福特挖角苹果汽车项目主管Doug Field</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n福特挖角苹果汽车项目主管Doug Field\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 07:22 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7129b39a30aed386731a5f261016b90c","relate_stocks":{"AAPL":"苹果","F":"福特汽车"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-09-08/doc-iktzqtyt4670350.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2165357785","content_text":"福特汽车周二宣布,已聘请前特斯拉和苹果高管Doug Field担任其首席先进技术和嵌入式系统官。\nField曾领导特斯拉Model 3的开发,此前担任苹果公司特殊项目的副总裁,据称这其中包括领导该公司的秘密造车项目Project Titan。\n福特表示,Field将与福特首席产品平台和运营官Hau Thai-Tang密切合作,在Ford+增长计划的基础上创造下一代福特互联产品和体验。\nField的职责将包括领导福特开发下一代“Blue Oval Intelligence”技术堆栈,以交付智能联网汽车。Field将监督公司的嵌入式软件和硬件组织,包括车辆控制、企业连接、功能、集成和验证、架构和平台、驾驶员辅助技术和数字工程工具项目。\n据报道,Field曾在苹果公司担任Mac硬件工程副总裁,在被特斯拉挖走五年之后重返苹果公司,加入该公司秘密造车计划Project Titan。\n苹果公司随后证实Field已经离任,并对其在该公司作出的贡献表示感谢。","news_type":1},"isVote":1,"tweetType":1,"viewCount":913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":834985054,"gmtCreate":1629767086178,"gmtModify":1633682610245,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/834985054","repostId":"2161770751","repostType":2,"repost":{"id":"2161770751","pubTimestamp":1629763382,"share":"https://www.laohu8.com/m/news/2161770751?lang=&edition=full","pubTime":"2021-08-24 08:03","market":"hk","language":"zh","title":"电动汽车争霸赛进入下半场,新王可能正在路上","url":"https://stock-news.laohu8.com/highlight/detail?id=2161770751","media":"创事记","summary":"造车新势力相继发声,自动驾驶技术标准该如何定义?所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。有趣的是,自然界中的奇妙现象正在汽车界上演。继去年华为进军智能汽车产业后,在今年3月底,小米也宣布造车了。今年3月30日,小米宣布将成立一家全资子公司进军智能电动汽车业务,首期投资为100亿元人民币,预计未来10年投资额100亿美元,将由雷军亲自带队。","content":"<p><img src=\"http://n.sinaimg.cn/front20210823s/40/w480h360/20210823/e0d3-774f90e3cf668c2479b7e8ed390d1b73.png\" tg-width=\"480\" tg-height=\"360\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">造车新势力相继发声,自动驾驶技术标准该如何定义?</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/75/w550h325/20210824/f0f7-e4d52107238053f1f3eeebc4aba90118.png\" tg-width=\"550\" tg-height=\"325\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><h2></h2><p></p><p>欢迎关注“<a href=\"https://laohu8.com/S/SINA\">新浪</a>科技”的微信订阅号:techsina </p><p>文/知勇</p><p>来源:锦缎(ID:jinduan006)</p><p>2020年4月份,我国科学家在南海科考期间,在南海首次发现一个约3米长的鲸落,这是我国科学家第一次发现该类型的生态系统,目前国际上发现的鲸落总共不足50处。所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。在这个过程中,最先是一些浮游生物看到了死去的鲸鱼,接着是虾类、鱼类、螃蟹等,它们都以鲸鱼为食,最终演化出了一个新的生态系统。</p><p>有趣的是,自然界中的奇妙现象正在汽车界上演。汽车行业正迎来大变革,电动化改造了汽车的四肢,<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>化革新了汽车的大脑,虽然看起来还同样是四个轮子上的产物,但汽车产业已在天翻地覆的前夜。</p><p>可以说,汽车产业正在上演自然界中鲸落的这一幕,以“蔚小理”为代表的造车新势力嗅觉最为灵敏,成为最先抵达鲸鱼附近的“浮游生物”;而我们愈加清晰地在2021年感知到,新新势力——智能手机厂商成为第二批,蜂拥而至的玩家。</p><p>继去年华为进军智能汽车产业后,在今年3月底,小米也宣布造车了。要知道汽车工业跟消费电子基本能上可以说是风马牛不相及,为什么智能手机厂商纷纷下场造车,那智能手机厂商能否在汽车<a href=\"https://laohu8.com/S/ABCD\">新生</a>态系统活下来,并发育壮大?</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/163/w550h413/20210824/7d48-5141074d16057b7ad8fd22ab80604caf.png\" tg-width=\"550\" tg-height=\"413\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图1:我国科研人员在南海发现的鲸落生态系统,资料来源:网络</p><p><b>01</b></p><p><b>新新势力入局造车</b></p><p>【1】 艰难挣扎的巨鲸落</p><p>在汽车电动化、智能化的“两化”变革背景下,传统车企积累数十年的技术传家宝,几乎是在一夜之间,没有了用武之地。</p><p>跟每一个衰落主体一样,后知后觉的传统车企也被迫开始转型。</p><p>但不是每一种生物都能完成“蜕变”,一次又一次,我们看到传统车企在智能化转型中缓慢且消极,层出不穷的“油改电”方案,就是在原来这幅衰老的躯体上修修补补,典型的头痛医头脚痛医脚。</p><p>虽然现在这么说可能还为时尚早,但颓势尽显的传统车企,目前看不到任何新生的机会,更有可能会成为时代更迭下被瓜分的那条大鲸鱼。</p><p>就以上汽大众MEB平台首款纯电动车ID.4 X为例,该车今年3月上市,虽然有大众的背书,销量却一点也不“大众”。根据官方数据,上汽大众ID.4X的3-5月销量仅仅只有625辆,922辆和847辆,跟造车新势力的月销量比起来简直云泥之别。</p><p>在传统车企身上野蛮生长的造车新势力,成为了今日的“小甜甜”,以最近港股上市的<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>为例,其市值已经超过<a href=\"https://laohu8.com/S/00175\">吉利汽车</a>,要知道,吉利作为自主品牌一哥,年销超百万辆,而小鹏汽车目前只有2款车,年销量还不到吉利的1/10。</p><p>危险还在慢慢逼近这些巨鲸们,朝前看,愈加严格的双积分政策是一把巨型枷锁,将锁得传统车企们无法动弹,辗转腾挪的战略生存空间日趋狭小。</p><p>对新能源行业来说,双积分政策是巨大的助推剂,但单价不断上涨的积分,可能成为压死传统燃油车企的最后一根稻草。</p><p>传统车企为了最短时间获得更多新能源积分,不得不考虑生产成本低、放量快的A00级微型电动车,以解燃眉之急。比如长城的欧拉黑白猫,<a href=\"https://laohu8.com/S/000625\">长安汽车</a>的奔奔EV,奇瑞的eQ1小蚂蚁等。而这种近乎饮鸩止渴的被迫改变,只能导致自己在追赶新势力上,差距越拉越大。</p><p>【2】新生态系统初现</p><p>自2018年以来,中国传统燃油车销量连续三年下滑,但是新能源汽车市场表现相当亮眼:2020年中<a href=\"https://laohu8.com/S/600617\">国新能源</a>汽车销量136.7万辆,同比增长13.35%,新能源汽车销量连续三年超过100万辆,呈持续高速增长趋势。</p><p>根据乘联会数据,今年1-7月国内新能源乘用车累计销量147.8万辆,已超过2020年全年销量,创下历史新高,对应新能源汽车渗透率达到12%。</p><p>中国的新能源浪潮已经弥散到全球,当前全气球新能源车的渗透率仍仅仅只有低个位数,随着续航里程增加、具有产品力的爆款车型集中推出,预计5年后,全球的新能源车渗透率将有望超过20%。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/78/w550h328/20210824/fcc9-1696e1af347602f1cc9bedbd4bd169ce.png\" tg-width=\"550\" tg-height=\"328\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图2:国内新能源汽车销量数据,资料来源:中汽协,乘联会</p><p>这离不开电动车生产成本的降低,尤其是电池成本的大幅降低,让电动车的价格靠近同级别的燃油车。加之续航里程的大幅度提升(市面上主流电动车的续航里程已超过500公里)和公共充电基础设施的加速建设(政府已将充电桩纳入了新基建范围),有效缓解了电动车主的里程焦虑。最后一点,市面上电动车车型百花齐放,从3万起步的五菱MINI到<a href=\"https://laohu8.com/S/002594\">比亚迪</a>汉EV,消费者有了更多的选择空间。</p><p>与此同时,以<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、小鹏、理想为代表的造车新势力这些年不遗余力的宣传造势,培育了一大批粉丝,消费者对智能电动汽车的接受度大大提高。根据全国工商联汽车经销商商会发布的数据,2021年Q1纯电动汽车的个人购买量为32.25万辆,占当季销量的74.67%,C端市场已经超过B端市场成为主力购买市场。</p><p>新能源汽车从被人诟病都被人追捧,变化好似一夜发生的。其实剧变前产业链早已在悄然发力。</p><p>这背后沧海桑田般的巨变,最重要的是因为新能源汽车的制造门槛大大降低,方便了各方神圣下场造车:</p><p>一是电动车的动力系统由高技术壁垒的发动机和变速箱变成了三电系统,电动车零部件数量较传统汽油车减少约40%,系统复杂程度降低;二是电动车产业链日益成熟,特别是上游产业链,供应体系比较完善。就拿动力电池来说,大部分车企都是用的几家头部公司的电池,像蔚来的电池就是全部从<a href=\"https://laohu8.com/S/300750\">宁德时代</a>采购。</p><p>未来,造车可能变得比现在更加简单。像<a href=\"https://laohu8.com/S/00285\">比亚迪电子</a>、<a href=\"https://laohu8.com/S/002475\">立讯精密</a>、舜宇光学、<a href=\"https://laohu8.com/S/603501\">韦尔股份</a>等智能手机供应链公司已经开始积极布局智能汽车相关零部件的业务。甚至代工模式已经在汽车领域铺开,今年1月份,富士康与吉利成立合资公司,将为全球汽车企业提供代工服务。(汽车代工,可能成为代工领域的一大剧变,我们将持续关注)</p><p>【3】鲸落新生态正在成型</p><p>随着造车新势力在新能源市场市占率持续攀升,尤其是“蔚小理”这三家造车新势力,销量屡创新高,继蔚来月销破8000之后,理想小鹏也于上月首次达成单月破8000辆。造车新势力已经成为鲸落新生态系统中第一批野蛮生长的群体。</p><p>同时,造车新势力正全力以赴的吸收巨鲸们的营养,今年6月份以来小鹏和理想相继在香港上市,又融到一大笔钱。同时,“蔚小理”正在加速扩张,按照已公布的产能规划来看,他们普遍规划了相比目前销量7-10倍的产能。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/198/w550h448/20210824/ec18-ebb418409feae71aa276332ada83c0be.png\" tg-width=\"550\" tg-height=\"448\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图3:国产造车新势力在新能源市场市占率,资料来源:交强险、<a href=\"https://laohu8.com/S/601162\">天风证券</a>(注,国产造车新势力不包括<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>)</p><p>【4】鲸落生态的新成员蜂拥而至</p><p>汽车电动化、智能化浪潮已至,规模达十万亿之巨,当前行业竞争格局未定,不管是传统车企还是造车新势力,均未形成压倒性优势,有实力的玩家都有机会参与进来分一杯羹。</p><p>最近一年,声音最大,也最让市场和消费者瞩目的,就是智能手机派企业,纷纷登场。</p><p>今年3月30日,小米宣布将成立一家全资子公司进军智能电动汽车业务,首期投资为100亿元人民币,预计未来10年投资额100亿美元,将由雷军亲自带队。华为则是成立智能汽车解决方案BU,计划每年投入10亿美元用于智能汽车领域,全线自研“全家桶方案”,帮助车企造车。</p><p>智能手机派早就对智能汽车领域虎视眈眈。此前我们已在《透视华为智能汽车战略:这条生命线正面临哪些“结点”?》中对华为的造车布局做过解析,华为早在2013年就推出车载通讯模块,进军车联网。</p><p>也是在这一年,苹果推出Car play车载智能系统,之后建立泰坦项目开始研发汽车。小米则以财务投资的方式布局汽车领域,小米在2014年投资了地图厂商凯立德之后又投资了小鹏汽车和未来汽车。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/774/w550h224/20210824/a44d-72468541b88fa674ab380da741ec3a7f.png\" tg-width=\"550\" tg-height=\"224\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>02</b></p><p><b>新新势力具备燎原之势吗?</b></p><p>现在的新能源汽车市场,虽然热闹非凡,但给人一种菜市场的感觉,人头攒动但是门槛极低。那自然要问了,智能手机派,到底有没有两把刷子?</p><p>【1】有钱就是硬道理</p><p>虽然造电动车相比造传统燃油车,制造门槛确实低了不少,但造车依然还是一个高投入的行业。即使量产之后,仍然需要投入大量现金持续研发,因为智能化投入非常烧钱,而且自动驾驶不是短期可以达到的,一旦入场就注定是一场长期烧钱的竞赛。</p><p>当年的造车新势力也曾一度因为资金问题面临出局的风险,比如蔚来就是靠着合肥政府的70亿战略投资顺利走出了ICU。毕竟造车新势力只有汽车销售这一收入,一旦销售环节出了状况,现金流就紧张了,所以近些年因资金链断裂宣布破产的企业不在少数。</p><p>但智能手机派不用为现金流发愁,各个弹药充足,都有各自的现金牛业务作为支撑。论资金实力是一家更比一家豪:小米账上有1080亿元现金储备;华为年营业额8000多亿元,光是每年的净利润就有600多亿元;苹果就更不用多说,根据其2020年Q4财报数据显示,苹果账上有1918亿美元现金(约合人民币1.26万亿元)。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/104/w550h354/20210824/a39e-14ca37fe61091993c9cb7ba8e83c68b6.jpg\" tg-width=\"550\" tg-height=\"354\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>【2】认知度具有天然优势</p><p>智能手机派普遍拥有数量庞大的用户群体,其中不少忠实粉丝。小米汽车、华为汽车本身就是一个高价值的品牌,他们不需要像蔚来、小鹏当初一样绞尽脑汁去做宣传推广,毫不夸张的说,智能手机派虽然还没造出车,背后已经有一批潜在的客户。</p><p>所以我们能看到现今的智能手机派跟当年造车新势力截然不同的处境。在小米官宣造车之后,不少米粉就高呼:你敢造,我敢买。即使华为一直声称“不造车”,仍然有很多粉丝期待华为牌汽车的到来。对于苹果汽车,市场上一直流传着icar的种种猜想,还只是在造车设想阶段,大家就恨不得看到你的实物。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/117/w550h367/20210824/a325-bcaaee91ea582374956f922911bdd643.png\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图4:华为线下门店展示的赛力斯SF5,资料来源:网络</p><p>【3】更为重要的软实力</p><p>随着动力电池的技术革新,电动车续航达1000公里是迟早的事情,在下一个十年,车企之间最终比拼的还是智能化水平。简单说就是,电动化是上半场,智能化是下半场,不具备智能化水平的电动车只能是昙花一现,拥有智能化的汽车企业才可能成长为巨鲸。</p><p>汽车作为电子消费产品的属性越来越强,在智能手机上发生的智能化演进正在智能汽车上同步上演,未来的智能汽车好比是移动的智能终端。智能手机派将延续消费电子的思路和打法延伸到智能汽车领域是水到渠成的。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/74/w550h324/20210824/620e-68e56c3e8abc250a9bc1862121e90d79.jpg\" tg-width=\"550\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>(1)提升智能化体验</p><p>毋庸置疑,智能手机厂商在ICT领域积累更加深厚,对智能化属性理解、用户心智的把握更多全面,如何提高智能化体验,迎合消费者需求本身就是智能手机厂商的看家本领。</p><p>在智能机时代,<a href=\"https://laohu8.com/S/AAPL\">苹果</a>的IOS操作系统,将软件和硬件产品高度整合,增加了整个系统的流畅度、稳定性,成为手机界最受欢迎的系统之一。小米基于Android定制了手机操作系统MIUI,截止2020年底,用户数量达到3.96亿。</p><p>苹果、小米之所以能达到这种成绩,很大程度上得益于系统的体验俘获了用户心智,并最终形成网络效应。</p><p>具体到智能汽车上面,智能座舱、车机系统、人机交互自然成了关键指标。就拿车机系统来说,用户看中的是系统的流畅性和便利度。智能手机派若凭借自身的优势提升这些关键指标,提升用户粘性便不是难事了。</p><p>(2) 智能化快速迭代</p><p>纵观传统燃油车行业,车企出一个爆款车型,核心三大件不用做大的改动就可以畅销数年,所谓的升级新款就是动下前脸,改改内饰、轮毂等。</p><p>事实上,可能不为人知,但触目惊心的事实是,以往传统车企把80%左右的精力用于供应链管理,仅仅只有20%的资源用在新技术的研发和突破。究其原因,内燃机的技术已经很极致了,很难有大的提升,不同车企更多的是比拼成本控制能力。</p><p>再看今天的智能汽车,消费者更关注汽车内在的智能化水平,汽车的智能化水平需要不停更新升级才能满足用户的需求。就拿智能座舱来说,现在的交互方式正在以触控为主的方式向语音交互方式转变,这导致了原来的车机操作系统不匹配,从而导致操作系统需要不停的迭代升级。自然而来的,操作系统升级之后,车机对芯片的要求也会提高(类似Win10系统相比XP系统对硬件有更高的要求)。所以我们能看到智能汽车搭载的汽车芯片算力也呈现指数级别的爆发。</p><p>智能汽车的升级跟智能手机的换代如出一辙,智能手机厂商不停推出旗舰机型,手机的芯片几乎是每年更新升级。当然,这当中也有些区别,智能手机的更新速度比智能汽车更快,而智能汽车比智能手机更加强调安全性。智能手机厂商将造手机的思路放到汽车上面,未来的演绎同样值得期待。</p><p>(3) 打造万物互联生态</p><p>在智能机时代,苹果通过自研芯片+IOS操作系统的战略,打造了手机界最好的生态;小米通过超低利润(硬件综合利润率小于5%)带来的极致性价比为手段也积累了大量粉丝,打造了包括白电、黑电、小家电在内的IoT硬件生态;华为通过鸿蒙系统打造“1+8+N”生态布局。各家都通过自己的方法,形成了相当稳定的庞大生态圈。</p><p>可以畅想,如果智能手机派能够在汽车行业分得一杯羹,那未来智能手机厂商将会实现手机与车机的无缝切换,智能汽车将会成为继智能手机后的新场景、新流量入口。华为、小米的智能家居可以与汽车完美融合,打造家居IOT、手机IOT、车载IOT的完整闭环,形成相较于现在更加完整的生态系统。</p><p>需要单独说明的是,汽车智能化的发展过程中,有一方面是一成不变的,即系统安全性和稳定性方面。大家已经习惯了手机死机后就采用重启的方式,但汽车不行,尤其是到了自动驾驶的时候,卡顿一秒都关乎生命安全。</p><p>另外,汽车和手机对芯片和机械零部件的寿命要求也不一样,手机可能用个两三年就换了。总之,汽车再怎么发展,其安全性、可靠性的要求,依然占据极其重要的位置。从这方面看,智能手机厂商还需要做更多功课。</p><p><img src=\"http://n.sinaimg.cn/tech/crawl/715/w550h165/20210824/99f0-1d09fc9a50278f944c2db9891a293f6a.png\" tg-width=\"550\" tg-height=\"165\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">图5:汽车级芯片的要求显著高于消费类,资料来源:芯路通讯,<a href=\"https://laohu8.com/S/600030\">中信证券</a></p><p><b>03</b></p><p><b>电动车鲸落生态已到下半场</b></p><p>不管你是否接受,智能汽车新生态圈正逐渐形成。具体而言,政策的推动和市场内生需求正加速智能汽车的渗透;其次,新生态对跨界者更加友好,将迎来的更多新成员,共同加速生态圈的发展,比如OPPO、VIVO等手机厂商已经开始筹备造车了。</p><p>从目前时间点看,现在智能汽车赛道仍处在跑马圈地的阶段,智能汽车行业格局还远未确定。参照智能机时代的竞争格局,只有具备智能化水平和软件服务能力,并基于此形成完整生态链的车企,才最有望成为新生态圈里的新王。</p><p>对智能手机派而言,在其新车型上市初期,能否利用自身的品牌和生态优势,实现销量的突破,是至关重要的。毕竟在造车这条赛道上,你在进步,传统车企和造车新势力同样也在进步,作为后发者,智能手机派要想成功必须跑的更快才行。</p><p>智能手机面世之后短短几年就颠覆了功能机时代,但是我们也不能简单的线性外推,动不动就大谈汽车的“<a href=\"https://laohu8.com/S/NOK\">诺基亚</a>”时刻就有点过度制造焦虑的感觉,毕竟智能汽车的变革速度比不上当年的智能机时代,即使到达终极形态,想必一辆汽车的更新替换寿命也只有2-3年。</p><p>同时,汽车智能化的发展,特别是自动驾驶能力无法一蹴而就,现在跑在前面的并不一定就是赢家。对于后来者,仍然还有成功的机会,智能汽车的鲸落生态,新王可能正在路上。</p><p>最重要的是要记住,汽车行业的革新,电动化是上半场,智能化是下半场。一场新的群雄逐鹿大戏,从2021年,就正式拉开帷幕了。</p><p><img src=\"http://n.sinaimg.cn/default/2fb77759/20151125/320X320.png\" tg-width=\"320\" tg-height=\"320\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>电动汽车争霸赛进入下半场,新王可能正在路上</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n电动汽车争霸赛进入下半场,新王可能正在路上\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-24 08:03 北京时间 <a href=http://tech.sina.cn/csj/2021-08-24/doc-ikqciyzm3222648.d.html?vt=4><strong>创事记</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>造车新势力相继发声,自动驾驶技术标准该如何定义?欢迎关注“新浪科技”的微信订阅号:techsina 文/知勇来源:锦缎(ID:jinduan006)2020年4月份,我国科学家在南海科考期间,在南海首次发现一个约3米长的鲸落,这是我国科学家第一次发现该类型的生态系统,目前国际上发现的鲸落总共不足50处。所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。在这个过程中,最先是一些浮游生物看到了死去的鲸鱼...</p>\n\n<a href=\"http://tech.sina.cn/csj/2021-08-24/doc-ikqciyzm3222648.d.html?vt=4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://k.sinaimg.cn/n/tech/transform/140/w630h310/20210824/60f9-33e29c24d0a1f6c4ab044c7f28220604.png/w120h90l50t1ae4.jpg","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://tech.sina.cn/csj/2021-08-24/doc-ikqciyzm3222648.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2161770751","content_text":"造车新势力相继发声,自动驾驶技术标准该如何定义?欢迎关注“新浪科技”的微信订阅号:techsina 文/知勇来源:锦缎(ID:jinduan006)2020年4月份,我国科学家在南海科考期间,在南海首次发现一个约3米长的鲸落,这是我国科学家第一次发现该类型的生态系统,目前国际上发现的鲸落总共不足50处。所谓鲸落,是指鲸鱼死亡后落入深海形成的生态系统。在这个过程中,最先是一些浮游生物看到了死去的鲸鱼,接着是虾类、鱼类、螃蟹等,它们都以鲸鱼为食,最终演化出了一个新的生态系统。有趣的是,自然界中的奇妙现象正在汽车界上演。汽车行业正迎来大变革,电动化改造了汽车的四肢,智能化革新了汽车的大脑,虽然看起来还同样是四个轮子上的产物,但汽车产业已在天翻地覆的前夜。可以说,汽车产业正在上演自然界中鲸落的这一幕,以“蔚小理”为代表的造车新势力嗅觉最为灵敏,成为最先抵达鲸鱼附近的“浮游生物”;而我们愈加清晰地在2021年感知到,新新势力——智能手机厂商成为第二批,蜂拥而至的玩家。继去年华为进军智能汽车产业后,在今年3月底,小米也宣布造车了。要知道汽车工业跟消费电子基本能上可以说是风马牛不相及,为什么智能手机厂商纷纷下场造车,那智能手机厂商能否在汽车新生态系统活下来,并发育壮大?图1:我国科研人员在南海发现的鲸落生态系统,资料来源:网络01新新势力入局造车【1】 艰难挣扎的巨鲸落在汽车电动化、智能化的“两化”变革背景下,传统车企积累数十年的技术传家宝,几乎是在一夜之间,没有了用武之地。跟每一个衰落主体一样,后知后觉的传统车企也被迫开始转型。但不是每一种生物都能完成“蜕变”,一次又一次,我们看到传统车企在智能化转型中缓慢且消极,层出不穷的“油改电”方案,就是在原来这幅衰老的躯体上修修补补,典型的头痛医头脚痛医脚。虽然现在这么说可能还为时尚早,但颓势尽显的传统车企,目前看不到任何新生的机会,更有可能会成为时代更迭下被瓜分的那条大鲸鱼。就以上汽大众MEB平台首款纯电动车ID.4 X为例,该车今年3月上市,虽然有大众的背书,销量却一点也不“大众”。根据官方数据,上汽大众ID.4X的3-5月销量仅仅只有625辆,922辆和847辆,跟造车新势力的月销量比起来简直云泥之别。在传统车企身上野蛮生长的造车新势力,成为了今日的“小甜甜”,以最近港股上市的小鹏汽车为例,其市值已经超过吉利汽车,要知道,吉利作为自主品牌一哥,年销超百万辆,而小鹏汽车目前只有2款车,年销量还不到吉利的1/10。危险还在慢慢逼近这些巨鲸们,朝前看,愈加严格的双积分政策是一把巨型枷锁,将锁得传统车企们无法动弹,辗转腾挪的战略生存空间日趋狭小。对新能源行业来说,双积分政策是巨大的助推剂,但单价不断上涨的积分,可能成为压死传统燃油车企的最后一根稻草。传统车企为了最短时间获得更多新能源积分,不得不考虑生产成本低、放量快的A00级微型电动车,以解燃眉之急。比如长城的欧拉黑白猫,长安汽车的奔奔EV,奇瑞的eQ1小蚂蚁等。而这种近乎饮鸩止渴的被迫改变,只能导致自己在追赶新势力上,差距越拉越大。【2】新生态系统初现自2018年以来,中国传统燃油车销量连续三年下滑,但是新能源汽车市场表现相当亮眼:2020年中国新能源汽车销量136.7万辆,同比增长13.35%,新能源汽车销量连续三年超过100万辆,呈持续高速增长趋势。根据乘联会数据,今年1-7月国内新能源乘用车累计销量147.8万辆,已超过2020年全年销量,创下历史新高,对应新能源汽车渗透率达到12%。中国的新能源浪潮已经弥散到全球,当前全气球新能源车的渗透率仍仅仅只有低个位数,随着续航里程增加、具有产品力的爆款车型集中推出,预计5年后,全球的新能源车渗透率将有望超过20%。图2:国内新能源汽车销量数据,资料来源:中汽协,乘联会这离不开电动车生产成本的降低,尤其是电池成本的大幅降低,让电动车的价格靠近同级别的燃油车。加之续航里程的大幅度提升(市面上主流电动车的续航里程已超过500公里)和公共充电基础设施的加速建设(政府已将充电桩纳入了新基建范围),有效缓解了电动车主的里程焦虑。最后一点,市面上电动车车型百花齐放,从3万起步的五菱MINI到比亚迪汉EV,消费者有了更多的选择空间。与此同时,以蔚来、小鹏、理想为代表的造车新势力这些年不遗余力的宣传造势,培育了一大批粉丝,消费者对智能电动汽车的接受度大大提高。根据全国工商联汽车经销商商会发布的数据,2021年Q1纯电动汽车的个人购买量为32.25万辆,占当季销量的74.67%,C端市场已经超过B端市场成为主力购买市场。新能源汽车从被人诟病都被人追捧,变化好似一夜发生的。其实剧变前产业链早已在悄然发力。这背后沧海桑田般的巨变,最重要的是因为新能源汽车的制造门槛大大降低,方便了各方神圣下场造车:一是电动车的动力系统由高技术壁垒的发动机和变速箱变成了三电系统,电动车零部件数量较传统汽油车减少约40%,系统复杂程度降低;二是电动车产业链日益成熟,特别是上游产业链,供应体系比较完善。就拿动力电池来说,大部分车企都是用的几家头部公司的电池,像蔚来的电池就是全部从宁德时代采购。未来,造车可能变得比现在更加简单。像比亚迪电子、立讯精密、舜宇光学、韦尔股份等智能手机供应链公司已经开始积极布局智能汽车相关零部件的业务。甚至代工模式已经在汽车领域铺开,今年1月份,富士康与吉利成立合资公司,将为全球汽车企业提供代工服务。(汽车代工,可能成为代工领域的一大剧变,我们将持续关注)【3】鲸落新生态正在成型随着造车新势力在新能源市场市占率持续攀升,尤其是“蔚小理”这三家造车新势力,销量屡创新高,继蔚来月销破8000之后,理想小鹏也于上月首次达成单月破8000辆。造车新势力已经成为鲸落新生态系统中第一批野蛮生长的群体。同时,造车新势力正全力以赴的吸收巨鲸们的营养,今年6月份以来小鹏和理想相继在香港上市,又融到一大笔钱。同时,“蔚小理”正在加速扩张,按照已公布的产能规划来看,他们普遍规划了相比目前销量7-10倍的产能。图3:国产造车新势力在新能源市场市占率,资料来源:交强险、天风证券(注,国产造车新势力不包括特斯拉)【4】鲸落生态的新成员蜂拥而至汽车电动化、智能化浪潮已至,规模达十万亿之巨,当前行业竞争格局未定,不管是传统车企还是造车新势力,均未形成压倒性优势,有实力的玩家都有机会参与进来分一杯羹。最近一年,声音最大,也最让市场和消费者瞩目的,就是智能手机派企业,纷纷登场。今年3月30日,小米宣布将成立一家全资子公司进军智能电动汽车业务,首期投资为100亿元人民币,预计未来10年投资额100亿美元,将由雷军亲自带队。华为则是成立智能汽车解决方案BU,计划每年投入10亿美元用于智能汽车领域,全线自研“全家桶方案”,帮助车企造车。智能手机派早就对智能汽车领域虎视眈眈。此前我们已在《透视华为智能汽车战略:这条生命线正面临哪些“结点”?》中对华为的造车布局做过解析,华为早在2013年就推出车载通讯模块,进军车联网。也是在这一年,苹果推出Car play车载智能系统,之后建立泰坦项目开始研发汽车。小米则以财务投资的方式布局汽车领域,小米在2014年投资了地图厂商凯立德之后又投资了小鹏汽车和未来汽车。02新新势力具备燎原之势吗?现在的新能源汽车市场,虽然热闹非凡,但给人一种菜市场的感觉,人头攒动但是门槛极低。那自然要问了,智能手机派,到底有没有两把刷子?【1】有钱就是硬道理虽然造电动车相比造传统燃油车,制造门槛确实低了不少,但造车依然还是一个高投入的行业。即使量产之后,仍然需要投入大量现金持续研发,因为智能化投入非常烧钱,而且自动驾驶不是短期可以达到的,一旦入场就注定是一场长期烧钱的竞赛。当年的造车新势力也曾一度因为资金问题面临出局的风险,比如蔚来就是靠着合肥政府的70亿战略投资顺利走出了ICU。毕竟造车新势力只有汽车销售这一收入,一旦销售环节出了状况,现金流就紧张了,所以近些年因资金链断裂宣布破产的企业不在少数。但智能手机派不用为现金流发愁,各个弹药充足,都有各自的现金牛业务作为支撑。论资金实力是一家更比一家豪:小米账上有1080亿元现金储备;华为年营业额8000多亿元,光是每年的净利润就有600多亿元;苹果就更不用多说,根据其2020年Q4财报数据显示,苹果账上有1918亿美元现金(约合人民币1.26万亿元)。【2】认知度具有天然优势智能手机派普遍拥有数量庞大的用户群体,其中不少忠实粉丝。小米汽车、华为汽车本身就是一个高价值的品牌,他们不需要像蔚来、小鹏当初一样绞尽脑汁去做宣传推广,毫不夸张的说,智能手机派虽然还没造出车,背后已经有一批潜在的客户。所以我们能看到现今的智能手机派跟当年造车新势力截然不同的处境。在小米官宣造车之后,不少米粉就高呼:你敢造,我敢买。即使华为一直声称“不造车”,仍然有很多粉丝期待华为牌汽车的到来。对于苹果汽车,市场上一直流传着icar的种种猜想,还只是在造车设想阶段,大家就恨不得看到你的实物。图4:华为线下门店展示的赛力斯SF5,资料来源:网络【3】更为重要的软实力随着动力电池的技术革新,电动车续航达1000公里是迟早的事情,在下一个十年,车企之间最终比拼的还是智能化水平。简单说就是,电动化是上半场,智能化是下半场,不具备智能化水平的电动车只能是昙花一现,拥有智能化的汽车企业才可能成长为巨鲸。汽车作为电子消费产品的属性越来越强,在智能手机上发生的智能化演进正在智能汽车上同步上演,未来的智能汽车好比是移动的智能终端。智能手机派将延续消费电子的思路和打法延伸到智能汽车领域是水到渠成的。(1)提升智能化体验毋庸置疑,智能手机厂商在ICT领域积累更加深厚,对智能化属性理解、用户心智的把握更多全面,如何提高智能化体验,迎合消费者需求本身就是智能手机厂商的看家本领。在智能机时代,苹果的IOS操作系统,将软件和硬件产品高度整合,增加了整个系统的流畅度、稳定性,成为手机界最受欢迎的系统之一。小米基于Android定制了手机操作系统MIUI,截止2020年底,用户数量达到3.96亿。苹果、小米之所以能达到这种成绩,很大程度上得益于系统的体验俘获了用户心智,并最终形成网络效应。具体到智能汽车上面,智能座舱、车机系统、人机交互自然成了关键指标。就拿车机系统来说,用户看中的是系统的流畅性和便利度。智能手机派若凭借自身的优势提升这些关键指标,提升用户粘性便不是难事了。(2) 智能化快速迭代纵观传统燃油车行业,车企出一个爆款车型,核心三大件不用做大的改动就可以畅销数年,所谓的升级新款就是动下前脸,改改内饰、轮毂等。事实上,可能不为人知,但触目惊心的事实是,以往传统车企把80%左右的精力用于供应链管理,仅仅只有20%的资源用在新技术的研发和突破。究其原因,内燃机的技术已经很极致了,很难有大的提升,不同车企更多的是比拼成本控制能力。再看今天的智能汽车,消费者更关注汽车内在的智能化水平,汽车的智能化水平需要不停更新升级才能满足用户的需求。就拿智能座舱来说,现在的交互方式正在以触控为主的方式向语音交互方式转变,这导致了原来的车机操作系统不匹配,从而导致操作系统需要不停的迭代升级。自然而来的,操作系统升级之后,车机对芯片的要求也会提高(类似Win10系统相比XP系统对硬件有更高的要求)。所以我们能看到智能汽车搭载的汽车芯片算力也呈现指数级别的爆发。智能汽车的升级跟智能手机的换代如出一辙,智能手机厂商不停推出旗舰机型,手机的芯片几乎是每年更新升级。当然,这当中也有些区别,智能手机的更新速度比智能汽车更快,而智能汽车比智能手机更加强调安全性。智能手机厂商将造手机的思路放到汽车上面,未来的演绎同样值得期待。(3) 打造万物互联生态在智能机时代,苹果通过自研芯片+IOS操作系统的战略,打造了手机界最好的生态;小米通过超低利润(硬件综合利润率小于5%)带来的极致性价比为手段也积累了大量粉丝,打造了包括白电、黑电、小家电在内的IoT硬件生态;华为通过鸿蒙系统打造“1+8+N”生态布局。各家都通过自己的方法,形成了相当稳定的庞大生态圈。可以畅想,如果智能手机派能够在汽车行业分得一杯羹,那未来智能手机厂商将会实现手机与车机的无缝切换,智能汽车将会成为继智能手机后的新场景、新流量入口。华为、小米的智能家居可以与汽车完美融合,打造家居IOT、手机IOT、车载IOT的完整闭环,形成相较于现在更加完整的生态系统。需要单独说明的是,汽车智能化的发展过程中,有一方面是一成不变的,即系统安全性和稳定性方面。大家已经习惯了手机死机后就采用重启的方式,但汽车不行,尤其是到了自动驾驶的时候,卡顿一秒都关乎生命安全。另外,汽车和手机对芯片和机械零部件的寿命要求也不一样,手机可能用个两三年就换了。总之,汽车再怎么发展,其安全性、可靠性的要求,依然占据极其重要的位置。从这方面看,智能手机厂商还需要做更多功课。图5:汽车级芯片的要求显著高于消费类,资料来源:芯路通讯,中信证券03电动车鲸落生态已到下半场不管你是否接受,智能汽车新生态圈正逐渐形成。具体而言,政策的推动和市场内生需求正加速智能汽车的渗透;其次,新生态对跨界者更加友好,将迎来的更多新成员,共同加速生态圈的发展,比如OPPO、VIVO等手机厂商已经开始筹备造车了。从目前时间点看,现在智能汽车赛道仍处在跑马圈地的阶段,智能汽车行业格局还远未确定。参照智能机时代的竞争格局,只有具备智能化水平和软件服务能力,并基于此形成完整生态链的车企,才最有望成为新生态圈里的新王。对智能手机派而言,在其新车型上市初期,能否利用自身的品牌和生态优势,实现销量的突破,是至关重要的。毕竟在造车这条赛道上,你在进步,传统车企和造车新势力同样也在进步,作为后发者,智能手机派要想成功必须跑的更快才行。智能手机面世之后短短几年就颠覆了功能机时代,但是我们也不能简单的线性外推,动不动就大谈汽车的“诺基亚”时刻就有点过度制造焦虑的感觉,毕竟智能汽车的变革速度比不上当年的智能机时代,即使到达终极形态,想必一辆汽车的更新替换寿命也只有2-3年。同时,汽车智能化的发展,特别是自动驾驶能力无法一蹴而就,现在跑在前面的并不一定就是赢家。对于后来者,仍然还有成功的机会,智能汽车的鲸落生态,新王可能正在路上。最重要的是要记住,汽车行业的革新,电动化是上半场,智能化是下半场。一场新的群雄逐鹿大戏,从2021年,就正式拉开帷幕了。","news_type":1},"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":112327024,"gmtCreate":1622852503468,"gmtModify":1634097433173,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/112327024","repostId":"1154529120","repostType":4,"repost":{"id":"1154529120","pubTimestamp":1622810459,"share":"https://www.laohu8.com/m/news/1154529120?lang=&edition=full","pubTime":"2021-06-04 20:40","market":"hk","language":"en","title":"Can Alibaba Stock Hit $500? If You Got Time, Yes","url":"https://stock-news.laohu8.com/highlight/detail?id=1154529120","media":"seekingalpha","summary":"Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.I believe that there are both opportunities and risks, but would see the prior outweighing the latter.In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:. Alibaba Group'","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>\n <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>\n <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p>\n<p><b>BABA Stock Price</b></p>\n<p>Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p>\n<p>Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.</p>\n<p>At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p>\n<p><b>Can Alibaba Stock Hit $500?</b></p>\n<p>The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p>\n<p><i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p>\n<p><i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p>\n<p><i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p>\n<p>We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p>\n<p>I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p>\n<p>If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p>\n<p>We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p>\n<p>So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p>\n<p><b>Is Alibaba Stock A Buy Or Sell Now?</b></p>\n<p>Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p>\n<p>For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can Alibaba Stock Hit $500? If You Got Time, Yes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Alibaba Stock Hit $500? If You Got Time, Yes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 20:40 GMT+8 <a href=https://seekingalpha.com/article/4432992-alibaba-stock-hit-500><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154529120","content_text":"Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing the latter.\nIn the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.\n\nPhoto by efetova/iStock via Getty Images\nArticle Thesis\nAlibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.\nBABA Stock Price\nSince its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:\nData byYCharts\nShares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.\nAlibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.\nAt its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.\nCan Alibaba Stock Hit $500?\nThe answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.\n- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.\nWe see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:\nData byYCharts\nAt 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.\nI still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.\nIf we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:\nData byYCharts\nIf analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.\nData byYCharts\nAnalysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.\nWe can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.\nSo, to sum this section up, I'd sayyes, BABA can hit $500-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.\nIs Alibaba Stock A Buy Or Sell Now?\nAlibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.\nFor those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":131998778,"gmtCreate":1621819982294,"gmtModify":1634186378361,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] ","listText":"[微笑] [微笑] ","text":"[微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131998778","repostId":"1105006567","repostType":4,"isVote":1,"tweetType":1,"viewCount":1103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":355572909,"gmtCreate":1617091721901,"gmtModify":1634522707207,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"等待适合买的,","listText":"等待适合买的,","text":"等待适合买的,","images":[{"img":"https://static.tigerbbs.com/888ac5447fdee0bea5636668cd88ded4","width":"1125","height":"3035"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355572909","isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":355068135,"gmtCreate":1617015631327,"gmtModify":1634523136503,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"反弹行情吧,也有量。","listText":"反弹行情吧,也有量。","text":"反弹行情吧,也有量。","images":[{"img":"https://static.tigerbbs.com/3aac232919d97a3d8013cc2d10063663","width":"1125","height":"3049"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355068135","isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":352116065,"gmtCreate":1616905729457,"gmtModify":1634523579094,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"都不给我上车的机会","listText":"都不给我上车的机会","text":"都不给我上车的机会","images":[{"img":"https://static.tigerbbs.com/bffc550994c19453d7cf3acd7f47182e","width":"1125","height":"3049"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/352116065","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":327037401,"gmtCreate":1616037882703,"gmtModify":1703496719586,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"开始走强起来了","listText":"开始走强起来了","text":"开始走强起来了","images":[{"img":"https://static.tigerbbs.com/2916da132d7b00f716c59d1623242181","width":"1125","height":"1909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327037401","isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":188508823,"gmtCreate":1623453293962,"gmtModify":1634033103726,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"强势,可以期待。","listText":"强势,可以期待。","text":"强势,可以期待。","images":[{"img":"https://static.tigerbbs.com/316afa432dabb2f0921e270c075cacd5","width":"1125","height":"3166"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/188508823","isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":388979751,"gmtCreate":1613016359773,"gmtModify":1703768399797,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[呆住] ","listText":"[呆住] ","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/388979751","repostId":"1168524354","repostType":4,"isVote":1,"tweetType":1,"viewCount":630,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389853551,"gmtCreate":1612753583673,"gmtModify":1703764624823,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"哦","listText":"哦","text":"哦","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389853551","repostId":"1140942389","repostType":4,"repost":{"id":"1140942389","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1612233347,"share":"https://www.laohu8.com/m/news/1140942389?lang=&edition=full","pubTime":"2021-02-02 10:35","market":"sh","language":"zh","title":"提醒:春节假期主要市场休市安排一览","url":"https://stock-news.laohu8.com/highlight/detail?id=1140942389","media":"老虎资讯综合","summary":"春节假期即将来临,敬请广大投资者留意,提前做好资金安排。$老虎证券$祝您及家人新春快乐,牛年大吉!2月11日(星期四)除夕上午开市,下午休市;2月12日(星期五)至2月15日(星期一)全天休市;2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。CBOE 下 VIX 波动率期货于2月15日10:00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","content":"<p>春节假期即将来临,敬请广大投资者留意,提前做好资金安排。<a href=\"https://laohu8.com/S/TIGR\">老虎证券</a>祝您及家人新春快乐,牛年大吉!</p><p>春节期间各地股市休市安排如下:(均为当地时间)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>美股:</b></p><p>2月15日(星期一)因美国总统日全天休市。</p><p><b>港股:</b></p><p>2月11日(星期四)除夕上午开市,下午休市;</p><p>2月12日(星期五)至2月15日(星期一)全天休市;</p><p>2月16日(星期二)起照常开市。</p><p><b>A股:</b></p><p>2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。</p><p><b>沪、深股通:</b></p><p>2月11日(星期四)至2月17日(星期三)关闭;2月18日(星期四)起照常开通。</p><p><b>港股通:</b></p><p>2月9日(星期二)至2月17日(星期三)关闭服务,2月18日(星期四)起照常开通。</p><p><b>英股:</b></p><p>照常交易</p><p><b>澳股:</b></p><p>照常交易</p><p><b>新加坡市场:</b></p><p>2月11日(星期四)交易半日。</p><p>2月12日(星期五)全天休市。</p><p><b>期货市场:</b></p><p>HKEX下美元黄金、指数类货于2月11日12:30休市,个股期货于2月11日12:00休市;指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。</p><p>GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12:00(北京时间16日凌晨02:00)提前休市;活畜、大小谷物、稻谷期货于2月15日全天休市。</p><p>CBOE 下 VIX 波动率期货于2月15日10:00提前休市。</p><p>SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>提醒:春节假期主要市场休市安排一览</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n提醒:春节假期主要市场休市安排一览\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-02-02 10:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>春节假期即将来临,敬请广大投资者留意,提前做好资金安排。<a href=\"https://laohu8.com/S/TIGR\">老虎证券</a>祝您及家人新春快乐,牛年大吉!</p><p>春节期间各地股市休市安排如下:(均为当地时间)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>美股:</b></p><p>2月15日(星期一)因美国总统日全天休市。</p><p><b>港股:</b></p><p>2月11日(星期四)除夕上午开市,下午休市;</p><p>2月12日(星期五)至2月15日(星期一)全天休市;</p><p>2月16日(星期二)起照常开市。</p><p><b>A股:</b></p><p>2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。</p><p><b>沪、深股通:</b></p><p>2月11日(星期四)至2月17日(星期三)关闭;2月18日(星期四)起照常开通。</p><p><b>港股通:</b></p><p>2月9日(星期二)至2月17日(星期三)关闭服务,2月18日(星期四)起照常开通。</p><p><b>英股:</b></p><p>照常交易</p><p><b>澳股:</b></p><p>照常交易</p><p><b>新加坡市场:</b></p><p>2月11日(星期四)交易半日。</p><p>2月12日(星期五)全天休市。</p><p><b>期货市场:</b></p><p>HKEX下美元黄金、指数类货于2月11日12:30休市,个股期货于2月11日12:00休市;指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。</p><p>GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12:00(北京时间16日凌晨02:00)提前休市;活畜、大小谷物、稻谷期货于2月15日全天休市。</p><p>CBOE 下 VIX 波动率期货于2月15日10:00提前休市。</p><p>SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f8f89c8af2a895e609af6985ff4ae3ab","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140942389","content_text":"春节假期即将来临,敬请广大投资者留意,提前做好资金安排。老虎证券祝您及家人新春快乐,牛年大吉!春节期间各地股市休市安排如下:(均为当地时间)美股:2月15日(星期一)因美国总统日全天休市。港股:2月11日(星期四)除夕上午开市,下午休市;2月12日(星期五)至2月15日(星期一)全天休市;2月16日(星期二)起照常开市。A股:2月11日(星期四)至2月17日(星期三)休市,2月18日(星期四)起照常开市。沪、深股通:2月11日(星期四)至2月17日(星期三)关闭;2月18日(星期四)起照常开通。港股通:2月9日(星期二)至2月17日(星期三)关闭服务,2月18日(星期四)起照常开通。英股:照常交易澳股:照常交易新加坡市场:2月11日(星期四)交易半日。2月12日(星期五)全天休市。期货市场:HKEX下美元黄金、指数类货于2月11日12:30休市,个股期货于2月11日12:00休市;指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12:00(北京时间16日凌晨02:00)提前休市;活畜、大小谷物、稻谷期货于2月15日全天休市。CBOE 下 VIX 波动率期货于2月15日10:00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389821876,"gmtCreate":1612752563195,"gmtModify":1703764611871,"author":{"id":"3559090183564391","authorId":"3559090183564391","name":"投资初心","avatar":"https://static.tigerbbs.com/8c54c867b047674e362a459352fd9f02","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"[微笑] [微笑] [微笑] [微笑] [微笑] [开心] ","listText":"[微笑] [微笑] [微笑] [微笑] [微笑] [开心] ","text":"[微笑] [微笑] [微笑] [微笑] [微笑] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389821876","repostId":"1162762479","repostType":4,"repost":{"id":"1162762479","pubTimestamp":1612751180,"share":"https://www.laohu8.com/m/news/1162762479?lang=&edition=full","pubTime":"2021-02-08 10:26","market":"hk","language":"zh","title":"京东物流再传上市,刘强东这次真急了?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162762479","media":"AI财经社","summary":"文/杨俏\n到目前为止,京东物流被传上市不止4次了。\n日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其","content":"<p>文/杨俏</p>\n<p>到目前为止,<a href=\"https://laohu8.com/S/JD\">京东</a>物流被传上市不止4次了。</p>\n<p>日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其一位高管也表示,“我也不知道”。</p>\n<p>一位快递业资深从业人士告诉AI财经社,他此前预测京东物流于去年第四季度完成上市。“当时京东物流的社会形象非常好,京东二次上市、京东健康登陆港交所等多项利好消息。如果京东物流上市,加上京东在港股的双向联动,可以加速推进京东物流的市场发展。”</p>\n<p>如今看来,虽未在2020年完成上市,眼下的人事变动、公司战略布局和方向调整,更像是为2021年京东物流冲刺资本市场所做的准备。京东物流上市成功后,将是京东旗下第4家上市的公司。</p>\n<p><b>换帅加速IPO进程</b></p>\n<p>在最近一次传出京东物流上市的消息之前,京东物流内部高管刚刚做过调整。在京东待了10年之久的前京东物流CEO王振辉,于2020年底辞去首席执行官一职,代替他的是京东集团前首席人力资源官余睿。</p>\n<p>同时,余睿也将从2021年1月27日起,任职达达集团的董事,王振辉辞任董事职位。</p>\n<p>据京东集团公告显示,余睿在零售和物流运营管理方面经验丰富,京东希望余睿能够带领京东物流持续提升客户体验,继续推动社会化物流成本的下降。</p>\n<p>接任京东物流CEO的余睿是80后,也曾是京东最为年轻的副总裁。2008年余睿以管<a href=\"https://laohu8.com/S/PSO\">培生</a>的身份加入京东。</p>\n<p>从一线开始做起的余睿,任职过客服,外部传言最多的是其一天接了96个电话,经常被顾客骂。此外还任职过拣货员、快递员。通过京东的轮岗机制,余睿在京东集团、京东零售、京东物流等众多管理岗位进行过历练。2014年,晋升为京东集团最年轻的副总裁。</p>\n<p>中途离开京东的余睿2016年被刘强东重新“召回”,出任1号店CEO,推动1号店业务、架构及组织的整合重组;2019年起,余睿担任京东集团首席人力资源官。</p>\n<p>比余睿晚2年加入京东的王振辉,是京东多年的老兵了。在2017年京东成立物流子集团之时,王振辉出任京东物流CEO,开始掌权。</p>\n<p>包括“青流计划”、“京准达”、“京尊达”、“无人仓”、京东个人快递业务等多种物流服务模式,都是由他提出。</p>\n<p>京东物流更是于2018年迎来了资本市场26亿美元的融资,其中,高瓴资本、红杉中国、招商集团、<a href=\"https://laohu8.com/S/00700\">腾讯</a>等多家顶级投资机构入局,投后估值约134亿美元。当时也有业内人士判断其有可能在2019年下半年独立上市。</p>\n<p>王振辉也对外表示,京东物流完成了梦想的第一阶段,“从2017年独立成为子集团到2019年底,经过2年多时间的开放,京东物流实现了从企业物流向物流企业的转型。”</p>\n<p>2020年上半年京东的物流及其他服务收入为154亿元,到2020年9月底,物流及其他服务收入为258亿元,京东物流运营的仓库超过800个。</p>\n<p>不过,即便功劳不小,从2018年至今,王振辉带领的京东物流一直未给出确切的上市时间点。</p>\n<p>快递专家赵小敏分析,余睿的独立做事风格和性格与刘强东都有些相似,他的回归必定会加速推进京东物流上市的进程。</p>\n<p><b>618前:最好的上市节点</b></p>\n<p>2007年,刘强东不顾众人反对,一意孤行走向了“烧钱”的道路,自建京东物流。此后211限时达的时效塑造了新的用户体验,提升了京东的品牌度。京东物流成为了京东平台用户的“刚需”,也是京东B2C模式中不可缺少的一环。</p>\n<p>自建物流是福也是祸,难免将企业拖入到亏损的泥潭当中。2015 年京东亏损高达94亿元。尽管2016年,京东物流实现了211.2亿元的收入,整体仍处于亏损状态。</p>\n<p>在2019年刘强东的一封内部信表示,京东物流自建立起已经连续亏损了12年,2018年一年亏损达到了23亿元,如果加上内部结算,2018年亏损额高达28亿元。</p>\n<p>“沉重”的京东物流不得不从京东体系中剥离出来。一方面,京东物流从服务京东商城已经拓展至第三方卖家,服务于<a href=\"https://laohu8.com/S/NTES\">网易</a>严选、小米有品等社交电商平台,已经具备了融资的能力;另一方面,京东也需要通过剥离亏损的物流业务,提升自己在资本市场的影响力。</p>\n<p>事实上,近观京东物流近两年来的动作,都在有意扩张自己的商业版图,弥补短板。在业内人士看来,从京东物流近两年来的布局,涉足的每一个领域都弥补京东物流在物流领域的短板。</p>\n<p>下沉市场方面,2020年初,京东成立了加盟制快递众邮快递,后续经过调整,众邮快递更名为京喜快递;快运方面,京东物流以总对价30亿元收购跨速运企业跨越速运;此外,京东物流也通过投资控股的方式,逐步成为A股上市公司、仓储物流提供服务商<a href=\"https://laohu8.com/S/300013\">新宁物流</a>(300013.SZ)的第一大股东,管理团队也正式入驻。</p>\n<p><img src=\"https://static.tigerbbs.com/94f724aef912e2767d0d1f93f5f206b4\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p>也有业内人士认为,“目前,新宁物流对京东物流的估值会大打折扣,包括与跨越速运的合作,都没有实质性的进展。京东物流在冲击IPO,要想在二级市场有好故事,最好在IPO前完成京东航空梯队和<a href=\"https://laohu8.com/S/HUBG\">枢纽</a>的建设。”</p>\n<p>在赵小敏看来,目前而言,京东物流最好的上市时间是5月前,必须在618之前完成挂牌,才能维持其在资本市场的表现,抵御市场风险。</p>\n<p>“如果618之后还未登陆资本市场,那就没有可讲的东西了。而且估值也会相应地缩水。”他认为。</p>\n<p>京东物流上市成功后,将是京东旗下第4家上市的公司,其余3是分别在美股上市的京东集团、美股上市的<a href=\"https://laohu8.com/S/DADA\">达达集团</a>以及在香港上市的京东健康。</p>\n<p><b>强敌环绕,急需突围</b></p>\n<p>京东物流急于上市,考虑的或许不止于此。</p>\n<p>物流行业凭借着互联网及电商的红利快速发展进步,目前,除京东物流外,国内其他主流的物流企业早已上市。</p>\n<p>当京东物流还在“拖累”京东集团之际,圆通、申通、韵达等都已借壳上市成功,中通成为了首家在美股上市的中国快递企业,顺丰也通过借壳方式登陆A股。</p>\n<p>物流企业纷纷上市的大潮中,“掉队”的百世物流也于2017年在纳斯达克挂牌上市。至此,“三通一达”、顺丰、百世均完成了上市动作。</p>\n<p>尽管京东物流在外界口碑极佳,但与顺丰、中通等老牌物流企业相比,京东物流无论是收入、业务量等,都有不小的差距。</p>\n<p>仅从营收而言,2017年京东物流对外透露年收入接近300亿元之时,顺丰半年营收就达到了该规模;2020年前三季度京东的物流及其他服务收入258亿元,顺丰已经实现破千亿营收。</p>\n<p>而<a href=\"https://laohu8.com/S/ZTO\">中通快递</a>2020年实现了170亿票的业务总量,市场份额扩大至20.8%,领跑其他快递企业,占据市场规模第一。</p>\n<p>截至目前,顺丰最新市值为4850亿人民币;中通最新市值为302亿美元。据相关媒体报道,京东物流已挑选<a href=\"https://laohu8.com/S/BAC\">美国银行</a>和<a href=\"https://laohu8.com/S/GS\">高盛</a>牵头经办香港IPO事宜,估值可能达约400亿美元。</p>\n<p>赵小敏认为,京东物流拥有京东强大的商流基础、仓配一体化的特性、技术自动化和直营的基因等,都是维持目前它相对高估值的因素;此外,对京东的依赖性很强、商业模式的成长性、市场方面的突破,也是资本追捧的原因。</p>\n<p>不过,他也认为目前400亿的估值偏高:“综合评判,京东物流的估值应该在300亿美元左右。</p>\n<p>另外,2019年,阿里投资53亿元增持菜鸟网络的股份后,菜鸟估值达到了1325亿元。已经集齐了“通达系”快递企业的阿里系电商物流订单占国内7成以上份额,占据通达系快递企业8至9成以上的订单,这无论是对于京东物流而言还是其他在物流领域单兵作战的企业而言,都是不小的威胁。</p>\n<p>相比于目前市场上其他竞争对手而言,京东物流需要的是持续性增长和规模化效应。2019年京东集团Q2财报中指出,对于京东物流,相较于现阶段的盈亏,未来持续性的规模盈利能力更是关键。在IPO之前,更大市场份额占比以及规模化效应势必将成为京东物流未来发展的关键落脚点。</p>\n<p>在物流领域的资本游戏运作中,每一位选手都怕掉队。快递企业纷纷谋求上市,背后不止是中国快递行业的变革与升级,更是残酷的市场竞争之下倒逼的结果。</p>","source":"AI财经社","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>京东物流再传上市,刘强东这次真急了?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n京东物流再传上市,刘强东这次真急了?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 10:26 北京时间 <a href=https://www.aicaijing.com.cn/overview?article_id=5354><strong>AI财经社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文/杨俏\n到目前为止,京东物流被传上市不止4次了。\n日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其一位高管也表示,“我也不知道”。\n一位快递业资深从业人士告诉AI财经社,他此前预测京东物流于去年第四季度完成上市。“当时京东物流的社会形象非常好,京东二次上市、京东健康登陆港交所等多项利好消息。如果...</p>\n\n<a href=\"https://www.aicaijing.com.cn/overview?article_id=5354\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0a50f1e7f83dfbc3c1956c3d2b4f4b4b","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"source_url":"https://www.aicaijing.com.cn/overview?article_id=5354","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162762479","content_text":"文/杨俏\n到目前为止,京东物流被传上市不止4次了。\n日前,有关京东物流上市的消息再次传出。有消息称,京东物流计划在本月提交赴港上市申请。对此,AI财经社求证京东物流,对方表示对于上市事宜,不予置评。其一位高管也表示,“我也不知道”。\n一位快递业资深从业人士告诉AI财经社,他此前预测京东物流于去年第四季度完成上市。“当时京东物流的社会形象非常好,京东二次上市、京东健康登陆港交所等多项利好消息。如果京东物流上市,加上京东在港股的双向联动,可以加速推进京东物流的市场发展。”\n如今看来,虽未在2020年完成上市,眼下的人事变动、公司战略布局和方向调整,更像是为2021年京东物流冲刺资本市场所做的准备。京东物流上市成功后,将是京东旗下第4家上市的公司。\n换帅加速IPO进程\n在最近一次传出京东物流上市的消息之前,京东物流内部高管刚刚做过调整。在京东待了10年之久的前京东物流CEO王振辉,于2020年底辞去首席执行官一职,代替他的是京东集团前首席人力资源官余睿。\n同时,余睿也将从2021年1月27日起,任职达达集团的董事,王振辉辞任董事职位。\n据京东集团公告显示,余睿在零售和物流运营管理方面经验丰富,京东希望余睿能够带领京东物流持续提升客户体验,继续推动社会化物流成本的下降。\n接任京东物流CEO的余睿是80后,也曾是京东最为年轻的副总裁。2008年余睿以管培生的身份加入京东。\n从一线开始做起的余睿,任职过客服,外部传言最多的是其一天接了96个电话,经常被顾客骂。此外还任职过拣货员、快递员。通过京东的轮岗机制,余睿在京东集团、京东零售、京东物流等众多管理岗位进行过历练。2014年,晋升为京东集团最年轻的副总裁。\n中途离开京东的余睿2016年被刘强东重新“召回”,出任1号店CEO,推动1号店业务、架构及组织的整合重组;2019年起,余睿担任京东集团首席人力资源官。\n比余睿晚2年加入京东的王振辉,是京东多年的老兵了。在2017年京东成立物流子集团之时,王振辉出任京东物流CEO,开始掌权。\n包括“青流计划”、“京准达”、“京尊达”、“无人仓”、京东个人快递业务等多种物流服务模式,都是由他提出。\n京东物流更是于2018年迎来了资本市场26亿美元的融资,其中,高瓴资本、红杉中国、招商集团、腾讯等多家顶级投资机构入局,投后估值约134亿美元。当时也有业内人士判断其有可能在2019年下半年独立上市。\n王振辉也对外表示,京东物流完成了梦想的第一阶段,“从2017年独立成为子集团到2019年底,经过2年多时间的开放,京东物流实现了从企业物流向物流企业的转型。”\n2020年上半年京东的物流及其他服务收入为154亿元,到2020年9月底,物流及其他服务收入为258亿元,京东物流运营的仓库超过800个。\n不过,即便功劳不小,从2018年至今,王振辉带领的京东物流一直未给出确切的上市时间点。\n快递专家赵小敏分析,余睿的独立做事风格和性格与刘强东都有些相似,他的回归必定会加速推进京东物流上市的进程。\n618前:最好的上市节点\n2007年,刘强东不顾众人反对,一意孤行走向了“烧钱”的道路,自建京东物流。此后211限时达的时效塑造了新的用户体验,提升了京东的品牌度。京东物流成为了京东平台用户的“刚需”,也是京东B2C模式中不可缺少的一环。\n自建物流是福也是祸,难免将企业拖入到亏损的泥潭当中。2015 年京东亏损高达94亿元。尽管2016年,京东物流实现了211.2亿元的收入,整体仍处于亏损状态。\n在2019年刘强东的一封内部信表示,京东物流自建立起已经连续亏损了12年,2018年一年亏损达到了23亿元,如果加上内部结算,2018年亏损额高达28亿元。\n“沉重”的京东物流不得不从京东体系中剥离出来。一方面,京东物流从服务京东商城已经拓展至第三方卖家,服务于网易严选、小米有品等社交电商平台,已经具备了融资的能力;另一方面,京东也需要通过剥离亏损的物流业务,提升自己在资本市场的影响力。\n事实上,近观京东物流近两年来的动作,都在有意扩张自己的商业版图,弥补短板。在业内人士看来,从京东物流近两年来的布局,涉足的每一个领域都弥补京东物流在物流领域的短板。\n下沉市场方面,2020年初,京东成立了加盟制快递众邮快递,后续经过调整,众邮快递更名为京喜快递;快运方面,京东物流以总对价30亿元收购跨速运企业跨越速运;此外,京东物流也通过投资控股的方式,逐步成为A股上市公司、仓储物流提供服务商新宁物流(300013.SZ)的第一大股东,管理团队也正式入驻。\n\n也有业内人士认为,“目前,新宁物流对京东物流的估值会大打折扣,包括与跨越速运的合作,都没有实质性的进展。京东物流在冲击IPO,要想在二级市场有好故事,最好在IPO前完成京东航空梯队和枢纽的建设。”\n在赵小敏看来,目前而言,京东物流最好的上市时间是5月前,必须在618之前完成挂牌,才能维持其在资本市场的表现,抵御市场风险。\n“如果618之后还未登陆资本市场,那就没有可讲的东西了。而且估值也会相应地缩水。”他认为。\n京东物流上市成功后,将是京东旗下第4家上市的公司,其余3是分别在美股上市的京东集团、美股上市的达达集团以及在香港上市的京东健康。\n强敌环绕,急需突围\n京东物流急于上市,考虑的或许不止于此。\n物流行业凭借着互联网及电商的红利快速发展进步,目前,除京东物流外,国内其他主流的物流企业早已上市。\n当京东物流还在“拖累”京东集团之际,圆通、申通、韵达等都已借壳上市成功,中通成为了首家在美股上市的中国快递企业,顺丰也通过借壳方式登陆A股。\n物流企业纷纷上市的大潮中,“掉队”的百世物流也于2017年在纳斯达克挂牌上市。至此,“三通一达”、顺丰、百世均完成了上市动作。\n尽管京东物流在外界口碑极佳,但与顺丰、中通等老牌物流企业相比,京东物流无论是收入、业务量等,都有不小的差距。\n仅从营收而言,2017年京东物流对外透露年收入接近300亿元之时,顺丰半年营收就达到了该规模;2020年前三季度京东的物流及其他服务收入258亿元,顺丰已经实现破千亿营收。\n而中通快递2020年实现了170亿票的业务总量,市场份额扩大至20.8%,领跑其他快递企业,占据市场规模第一。\n截至目前,顺丰最新市值为4850亿人民币;中通最新市值为302亿美元。据相关媒体报道,京东物流已挑选美国银行和高盛牵头经办香港IPO事宜,估值可能达约400亿美元。\n赵小敏认为,京东物流拥有京东强大的商流基础、仓配一体化的特性、技术自动化和直营的基因等,都是维持目前它相对高估值的因素;此外,对京东的依赖性很强、商业模式的成长性、市场方面的突破,也是资本追捧的原因。\n不过,他也认为目前400亿的估值偏高:“综合评判,京东物流的估值应该在300亿美元左右。\n另外,2019年,阿里投资53亿元增持菜鸟网络的股份后,菜鸟估值达到了1325亿元。已经集齐了“通达系”快递企业的阿里系电商物流订单占国内7成以上份额,占据通达系快递企业8至9成以上的订单,这无论是对于京东物流而言还是其他在物流领域单兵作战的企业而言,都是不小的威胁。\n相比于目前市场上其他竞争对手而言,京东物流需要的是持续性增长和规模化效应。2019年京东集团Q2财报中指出,对于京东物流,相较于现阶段的盈亏,未来持续性的规模盈利能力更是关键。在IPO之前,更大市场份额占比以及规模化效应势必将成为京东物流未来发展的关键落脚点。\n在物流领域的资本游戏运作中,每一位选手都怕掉队。快递企业纷纷谋求上市,背后不止是中国快递行业的变革与升级,更是残酷的市场竞争之下倒逼的结果。","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}