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<Research>Citi: XIAOMI-W (01810.HK) Annual EV Shipments Expected to Approach 400K Units
Recommend 31 Positive 63 Negative 20 |
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XIAOMI-W (01810.HK) has announced over 40,000 EV deliveries for October, Citi Research issued a research report saying. Combining this with Yiche's January-September EV shipment data, the broker estimated XIAOMI-W's YTD EV deliveries may have surpassed 308,000 units, representing 88% of its 2025 delivery target of 350,000 units (compared to Citi Research's forecast of 400,000 units). Based on the current delivery pace exceeding 10,000 units weekly, annual shipments are expected to approach 400,000 units. Short-term catalysts include rising EV deliveries/ orders, the Double 11 shopping festival, 3Q25 results/ 4Q25 outlook and new EV edition updates. Therefore, Citi Research rated XIAOMI-W at Buy, with a target price of $65. AAStocks Financial News Website: www.aastocks.com |
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