Citi raised Xiaomi Group's profit estimates and target prices due to its positive outlook for electric vehicle shipments and gross margin. Citibank analyst Kyna Wong and others pointed out in the report that as of April 20, the number of non-refundable orders for the Xiaomi SU7 electric vehicle had exceeded 70,000 units, and that such orders were rapidly increasing, and the average sales price was higher than estimated. The gross margin of the company's automobile business is estimated to be between 5% and 10%. The 2024-26 electric vehicle delivery estimates were raised to 100,000 units, 200,000 units, and 280,000 units; gross margin estimates were raised to 6%, 9%, and 12%. Maintaining the buying rating raised the target price of Hong Kong stocks to HK$21.9, which was previously HK$19.6.