Xiaomi's EV Sales Momentum Likely to Stay Strong in 2025 -- Market Talk

Dow Jones

01-03

0406 GMT - Xiaomi's electric-vehicle sales are likely to maintain their strong momentum in 2025, according to Deutsche Bank research analyst Bin Wang in a research note. Xiaomi's EV December delivery exceeded 25,000 units, a new monthly record high which beat market expectations, Wang says. He adds that Xiaomi EVs should continue to face supply shortages in 2025 due to its rich order backlog, strong new order flows each month as well as new-model contribution. There is some upside risk in its 2025 delivery guidance considering the supply from the new plant Xiaomi EV is building in Beijing. The analyst maintains a buy rating and a target price of HK$43.00. Shares are 5.9% higher at HK$36.00. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 02, 2025 23:06 ET (04:06 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Xiaomi's EV December delivery exceeded 25,000 units, a new monthly record high which beat market expectations, Wang says. He adds that Xiaomi EVs should continue to face supply shortages in 2025 due to its rich order backlog, strong new order flows each month as well as new-model contribution. There is some upside risk in its 2025 delivery guidance considering the supply from the new plant Xiaomi EV is building in Beijing. The analyst maintains a buy rating and a target price of HK$43.00. Shares are 5.9% higher at HK$36.00. 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Xiaomi's EV December delivery exceeded 25,000 units, a new monthly record high which beat market expectations, Wang says. He adds that Xiaomi EVs should continue to face supply shortages in 2025 due to its rich order backlog, strong new order flows each month as well as new-model contribution. There is some upside risk in its 2025 delivery guidance considering the supply from the new plant Xiaomi EV is building in Beijing. The analyst maintains a buy rating and a target price of HK$43.00. Shares are 5.9% higher at HK$36.00. 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Xiaomi's EV December delivery exceeded 25,000 units, a new monthly record high which beat market expectations, Wang says. He adds that Xiaomi EVs should continue to face supply shortages in 2025 due to its rich order backlog, strong new order flows each month as well as new-model contribution. There is some upside risk in its 2025 delivery guidance considering the supply from the new plant Xiaomi EV is building in Beijing. The analyst maintains a buy rating and a target price of HK$43.00. Shares are 5.9% higher at HK$36.00. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 02, 2025 23:06 ET (04:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0}}}