Xiaomi's EV Sales Miss Likely Due to Production Shift -- Market Talk
Dow Jones
Mar 03
0527 GMT - Xiaomi's February sales missing expectations may not reflect a softening in demand but supply factors, Deutsche Bank analyst Bin Wang says in a research note. The company's February electric-vehicle deliveries missed expectations with a nearly 50% on-month drop. Wang says this is likely due to seasonal headwinds stemming from the Lunar New Year holiday, as well as production reallocation as the company prepares for the mass production of a new model. Deutsche Bank keeps a buy rating on the stock, but trims the target price to HK$68.50 from HK$71.00. Shares are 3.2% lower at HK$31.96. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
March 03, 2026 00:27 ET (05:27 GMT)
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