Industrial Bank International: First gives Seres "buy" rating, target price of 180.5 yuan.

The report from CICC pointed out that Sylphy's deepening cooperation with Huawei and its investment will further strengthen Huawei's attributes and intelligence, driving the brand to continue to rise. The M8 and M9 have entered the traditional BBA luxury brand market and are leading in their respective segmented markets in terms of sales. The high-end positioning of the brand has been basically established, leading to Sylphy's profit margin leading the industry and the profitability level has entered the fast lane. It is expected that the redesigned M7 will be released in the second half of this year, which will help enhance the competitiveness of this model in the 250,000-350,000 yuan SUV market. Initiate a "buy" rating with a target price of 180.5 yuan.