Citi believes there is upside potential to the estimate of Xiaomi's shipments reaching 0.273 million units in 2025.
According to Zhito Finance APP, Citi released a research report giving Xiaomi Group-W (01810) a "buy" rating, stating that the estimate of shipments reaching 0.273 million units in 2025 has upside potential, depending on when the second-phase production facilities can be put into operation. The firm set the target price for Xiaomi listed in hong kong at HKD 34.9.
The report states that Xiaomi has launched the new "YU7" SUV electric vehicle model, which is expected to officially launch between June and July 2025, and the firm believes this news is positive for Xiaomi's stock price. Some investors initially expected the new SUV might be delayed by one to two months, and this announced timeline is within expectations.