Updated
Updated · The Wall Street Journal · May 4
Xiaomi shares rise 7.2% on expected EV rebound
Updated
Updated · The Wall Street Journal · May 4

Xiaomi shares rise 7.2% on expected EV rebound

13 articles · Updated · The Wall Street Journal · May 4
  • The stock climbed to HK$31.10 after Deutsche Bank's Bin Wang forecast sequential improvement in Xiaomi's new-energy vehicle sales and margins after the first quarter.
  • Wang said the rebound should be driven by the SU7 sedan launched in late March and by two plug-in hybrid models Xiaomi plans to introduce this year.
  • Deutsche Bank kept its buy rating and HK$67 target price, signalling expectations that Xiaomi's expanding vehicle lineup could lift sales volumes as its EV business scales.
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