Analyst Expects XIAOMI 4Q Smartphone Shipments to Rise 14% YoY, 1st Xiaomi Car to Launch in 2024

Ming-Chi Kuo, an analyst at TF International, anticipated that the first Xiaomi Car model from $XIAOMI-W (01810.HK)$ will launch next year, and would achieve a shipment volume of 50,000-60,000 units. The selling price of the vehicle model was estimated to be lower than RMB300,000.

As for the smartphone segment, Kuo projected that the smartphone shipment volume of $XIAOMI-W (01810.HK)$ could reach approximately 40-45 million units in the fourth quarter, representing a YoY upswing of about 14%. The smartphone shipment volume of the company was forecast to see a double-digit growth in 2024.