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<Research>Deutsche Bank Sees Upside Possibility in Xiaomi Auto 2025 Delivery Target Guidance
Recommend 20 Positive 35 Negative 16 |
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The authorities will implement new subsidies for handsets and other digital products this year, China's National Development and Reform Commission (NDRC) said. XIAOMI-W (01810.HK) broker the ceiling this morning (3rd), and advanced 5.6% to $35.9, with a turnover of nearly $7.2 billion. Xiaomi Auto's 2025 annual delivery target of 300,000 units looks conservative, more than double YoY compared with the delivery of more than 135,000 units in 2024, Deutsche Bank yesterday (2nd) released a research report saying. The broker forecasted Xiaomi Auto's Beijing #1 plant to reach an annual output of 300,000 units this year. As Xiaomi Auto is constructing its Beijing #2 plant, the broker anticipated that there is a possibility of an upside in Xiaomi Auto's 2025 delivery guidance, taking into account the supply from the upcoming Beijing #2 plant. Therefore, Deutsche Bank rated XIAOMI-W at Buy, with a target price of $43. AAStocks Financial News |
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