Xiaomi Names 2nd EV Model YU7, Launch Expected in Jun or Jul 2025
Express News | China's Xiaomi: Expects to Launch Yu7 SUV in June-July 2025
Xiaomi Group-W (01810) issued 5.8836 million shares as consideration.
Xiaomi Group-W (01810) announced that on December 9, 2024, the company will grant shares according to the share plan...
China NEV Retail Hits New Record High in Nov, While Penetration Declines Further
Worried about Trump's policies, South Korean electric car battery manufacturers are reconsidering their investment plans in the United States.
Informed sources reveal that some south korean companies have slowed down or suspended some ongoing factory constructions due to concerns over a decrease in demand for electric autos and the policies that Trump is expected to implement.
Guotou Securities: Maintains a "buy" rating on SenseTime-W, completes the "1+X" organizational restructuring.
Guotou Securities released a research report stating to maintain a "buy" rating for SenseTime-W (00020), as generative AI gradually transitions from technology to practical applications, driving growth in commercial order demand. The company is expected to gain a certain market share based on its technical capabilities and customer reputation, thereby boosting performance. It is projected that the company will achieve revenues of 4.521/5.71/7.077 billion in 2024-2026. Benefiting from organizational restructuring, operational efficiency is expected to be enhanced, with a target price of 2.12 Hong Kong dollars. In its announcement on December 4th, the company completed a strategic organizational restructuring, establishing a new "1+X" framework.
Guosen: Assigns "Outperform the Market" rating to Xiaomi Group-W (01810) as asia vets expands its business landscape in electric autos.
Guosen forecasts that Xiaomi Group's net income attributable to the parent company will be 18.7/23.5/28 billion yuan from 2024 to 2026.
Xiaomi (SEHK:1810) Eyes AI Integration and Global Retail Growth Despite Valuation Challenges
Jibang Consulting: Driven by strong sales season and flagship new phone releases, global smart phone production in the third quarter increased by 7% compared to the previous quarter.
The third quarter of 2024 coincides with the peak season for smart phone sales, as major brands successively launch flagship new devices, driving a month-on-month production increase of 7%, reaching approximately 0.31 billion units, which is on par with the same period last year.
[Brokerage Focus] Morgan Stanley: Year-end sales sprint for Chinese cars and shared mobility.
Jinwu Finance | Recent research reports from morgan stanley indicate that passenger vehicle sales in china (PV sell-through) increased by 9% month-on-month, reaching 0.629 million units, setting a new high in 10 weeks. However, the penetration rate of electric vehicles (EV) dropped to 49.3%, the lowest level since mid-July, mainly due to traditional internal combustion engine (ICE) manufacturers intensifying their sales efforts. To secure orders before the end of the year, major auto manufacturers also launched a new round of promotional activities. The report shows that the sales momentum of various brands accelerated at the end of the month. The sales of Xiaopeng (09868) autos.
Xiaomi SU7 Ultra Has Range of up to 630 Km on 93.7-kWh Battery Pack, Filing Info Shows
Canalys: In the third quarter, the global wearable wristband device market grew by 3% year-on-year to reach 52.9 million units.
In the third quarter of 2024, the global wearable wristband device market increased by 3% year-on-year, reaching 52.9 million units. The shipments of the three major categories (basic bands, basic watches, and asia vets) have risen compared to the same period last year.
[Brokerage Focus] Huaxing Securities maintains a buy rating on Xiaomi (01810), expecting the improvement of IoT and home appliance SKU accessibility to drive its growth in the Southeast Asia market.
King's Financial News | According to research released by Huaxing Securities, based on the bank's calculation, the replacement cycle of smart phones in Thailand, Malaysia, Indonesia, Vietnam, and the Philippines is currently 35-64 months (in contrast to 30-36 months in China), indicating that as the economy grows, a shorter replacement cycle is expected to bring growth space for sales. Assuming Xiaomi (01810) increases its market share in Southeast Asia from 15% in 3Q24 (IDC data) to 18% in 2026, the bank expects the total smartphone shipments in the Southeast Asian market to increase to 17 million units by 2026, compared to Xiaomi's total shipments in 2024.
Market Chatter: Hong Kong Considering Some EV-Friendly Changes in Traffic Laws
[Brokerage Focus] Goldman Sachs: China's smart phone market welcomes the innovation wave of foldable phones, new forms and component upgrades become growth drivers.
Goldman Sachs' latest research report titled "China's Smart Phones: Surge in Foldable Phone Patents, New Forms and Component Upgrades Lead Growth" points out that the institution has reviewed the patents for foldable phones and the pipeline for new models, holding an optimistic view on the future market penetration of foldable phones. The report emphasizes a significant increase in the number of patents submitted in 2024, reflecting the following trends: 1) The development of new forms, shifting from clamshell and horizontal foldable phones to three-fold and four-fold phones, which is expected to enhance the value of the supply chain; 2) Component upgrades: more durable panels and newly designed hinges, especially for three-fold phones.
Minsheng Securities: AI empowerment accelerates the rise of smart terminals, and multiple new AI glasses are worth looking forward to.
AI empowerment accelerates the rise of smart terminals, drawing a parallel to the evolution of the smartphone industry, and is bullish on the future of a dual-channel market structure.
Xiaomi Group's senior management has changed again! The general manager of new retail, Ma Ji, has resigned.
① Ma Ji has been removed from the senior page of the Xiaomi Group official website; ② Xiaomi Group has undergone three senior management changes this year.
Major bank rating | ubs group: raised target price for Xiaomi to HKD 33.5. In the third quarter, core business profit and electric vehicle business gross margin both exceeded expectations.
UBS Group's report pointed out that Xiaomi's performance in the third quarter hit a record high, with profits from core businesses (smart phones, internet of things and lifestyle consumer products, as well as internet services) and the gross margin of its electric vehicle business exceeding the bank's and market expectations. The bank believes that Xiaomi's strong execution in high-end global strategy will drive stable growth in its core profits and unleash the upside potential of its smart electric vehicle business. The bank reiterates a "buy" rating on Xiaomi, raising the target price from HK$20 to HK$33.5, and expects the average annual compound growth rate of Xiaomi's smart phone sales from 2025 to 2027 to stabilize at 5.2%, compared to 2024.
Chinese Automakers BYD, Leapmotor and Xiaomi Smash Annual Delivery Targets Ahead of Schedule
Building Apple Products Has Become a Side Hustle for China's Biggest EV Maker