蔚来-SW(09866)涨超6%，月内股价已累涨超五成。截至发稿，涨6.68%，报52.85港元，成交额2.31亿港 元。 消息面上，摩通大根发报告指，预期接近年底的三场事件将进一步推动蔚来股价上涨。报告表示，蔚来 股价近期大幅上涨，主要受惠于 Onvo L90 和蔚来 ES8 SUV 的两款新车的强劲订单流。摩通认为，这两 款车的定价都极具竞争力，因蔚来提供独特的 BAAS（电池即服务）选项，可有效降低购买价格约25- 30%，因此与同细分市场的同类车型相比更具吸引力。 摩根士丹利指出，蔚来拥有强劲的ES8订单，虽然真正的需求仍取决于订单转化，但正面的反应支持市 场信心，预示着从10月开始，集团的月均销量或将达到4万至5万辆。该行认为蔚来股价上升属自我强 化，因投资者相信股价与资本市场对参与蔚来经营融资及战略目标的意愿相关，亦与经营价值及有否能 力过渡汽车行业加快"洗牌"有所关连。 ...

Core Viewpoint - NIO-SW (09866) has seen a significant stock price increase of over 50% this month, with a current rise of 6.68% to HKD 52.85, driven by strong orders for new models and positive market sentiment [1] Group 1: Stock Performance - NIO's stock price has risen over 6% recently, with a trading volume of HKD 231 million [1] - The stock has accumulated a gain of over 50% within the month [1] Group 2: Market Drivers - Morgan Stanley's report highlights three upcoming events by year-end that are expected to further boost NIO's stock price [1] - The recent stock price surge is attributed to strong order flows for the Onvo L90 and NIO ES8 SUV, which are competitively priced [1] Group 3: Competitive Advantage - NIO's unique Battery as a Service (BAAS) option effectively reduces the purchase price by approximately 25-30%, making its vehicles more attractive compared to competitors in the same segment [1] Group 4: Sales Outlook - Morgan Stanley indicates that NIO has strong orders for the ES8, with potential monthly sales reaching 40,000 to 50,000 units starting in October [1] - The positive market response is believed to enhance investor confidence, linking stock performance to the company's operational financing and strategic goals [1]