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Xiaomi's 2nd EV Model Could Be Launched in Q1 2025, Report Says
Xiaomi (01810) is rumored to plan to launch its second car model on the market in February or March next year.
Jinwu Finance News | According to media reports, insiders from Xiaomi autos revealed: "Xiaomi's second model is planned to be launched in February or March next year." It is reported that another source close to Xiaomi autos also stated that the launch schedule of Xiaomi's second model will be consistent with that of the Xiaomi SU7, which is scheduled for release on March 28, 2024. In response to the above news, a relevant person in charge of Xiaomi Group stated, "The related issues exceed the topic, and no further response can be made."
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
[Brokerage Focus] Open Source Securities maintains a 'buy' rating for Kingsoft (03888), pointing out that Kingsoft Cloud is expected to benefit from the Xiaomi ecosystem and AI-driven initiatives, which may enhance its valuation.
Kingsoft Financial News | According to research from Open Source Securities, the office software business of Kingsoft (03888) experienced a year-on-year revenue growth of 12.5% in Q3 2024, with the monthly active users of major products increasing by 4.9% year-on-year and accelerating quarter-on-quarter. The revenue from personal subscription services grew by 17.2% year-on-year, and WPS AI 2.0 provided a more convenient creative experience, enhancing paid stickiness and conversion rates. The revenue from institutional subscriptions remained flat year-on-year and increased by 23.8% quarter-on-quarter. The institution estimated that the impact of the shift in subscription model (from annual billing to monthly billing) has significantly diminished, while the company actively expands into state-owned and private enterprise markets, with contracts.
Xiaomi Group-W (01810.HK) granted 49.5937 million share reward shares and a total of 0.51 billion Xiaomi Hong Kong stock options.
On November 20, 2023, Xiaomi Group-W (01810.HK) announced that the company would grant a total of 49,593,741 shares as rewards to 2,425 selected participants, including group employees and service providers, according to the 2023 share plan on November 20, 2024. On the same day, Xiaomi Hong Kong granted a total of 510,335,236 Xiaomi Hong Kong share options to 2,951 selected participants who are employees of the Xiaomi Hong Kong Group according to the 2024 Xiaomi Hong Kong share plan.
Passenger Association: In the first two weeks of November, the retail sales of electric vehicles reached 0.581 million units, a year-on-year increase of 66%.
From November 1 to 17, retail sales of new energy passenger vehicles in the market reached 581,000 units, an increase of 66% compared to the same period last year and a 7% increase compared to the previous month. Since the beginning of the year, cumulative retail sales have reached 8.909 million units, up 41% year-on-year.
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