Xiaomi is positioned to be among the top ten automakers globally by 2035, Bernstein analysts write in a note.
The company has seen significant success in China with its first model, SU7. Xiaomi's first EV model has seen strong demand, record production ramp-up and impressive gross margins at 20.4%.
Bernstein forecasts Xiaomi to achieve around 405,000 unit deliveries this year, surpassing the company's guidance of around 350,000 units.
By 2035, the company can reach around 3.5 million units, ranking it among the top ten automakers globally. The next model launch, YU7, for mid-2025, would be the next positive stock catalyst, it says. Bernstein initiates its coverage of Xiaomi with an outperform rating and sets the target price at HK$55.00. Shares last traded at HK$43.10.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。