0405 GMT - Xiaomi's smartphone and electric-vehicle businesses are set to get a boost from the launch of two impressive products, Citi analysts write in a note. Its latest flagship phone, the Mi15, is the first handset to come with a high-level chip to support more powerful AI features, they say. The new SU7 Ultra, a high-performance version of its flagship car, could propel the company's EV business to the high-end, sports car segment, they add. Citi maintains a buy rating on the stock and raises the target price to HK$30.60 from HK$22.70. Shares are last at HK$25.55. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
October 30, 2024 00:05 ET (04:05 GMT)
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