Not ideal

summary
Xiaomi's entry into the electric vehicle market has achieved initial results. With industry growth and Xiaomi's competitive advantage, the long-term prospects are bright.
Technology is a rapidly changing industry, but Xiaomi's unique market position is difficult to replicate, and similar competitors are unlikely to emerge in the foreseeable future.
For companies that have a competitive edge in high-growth industries, their valuations don't seem high.
Smartphone manufacturer Xiaomi (OTCPK: XIACF) (OTCPK: XIACY) is the only major smartphone manufacturer in the world with an electric vehicle business, and the electric vehicle industry has huge long-term growth prospects. For a company with a competitive advantage in an industry with long-term growth prospects, Xiaomi's current valuation is not high, which is worth paying attention to.
backgrounds
Xiaomi is known for its competitive smartphones, which offer high specs at a relatively affordable price. Additionally, Xiaomi has an extensive ecosystem of devices, including wearables, TVs, and hundreds of other household devices such as lamps, air conditioners, washing machines, refrigerators, and robot vacuums, which can be controlled remotely via Xiaomi smartphones. In less than 20 years since its establishment, Xiaomi has become the third-largest smartphone supplier in the world (after established companies Samsung and Apple). As of fiscal year 2023, Xiaomi's revenue was close to $40 billion (an average annual growth rate of more than 15% over the past eight years). Although hardware profits...

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