Express News | Vivo Was the Top Vendor With a Share of 19.2%, Followed by Huawei, Xiaomi With 16.4% and 15.6% Share

ReutersNov 22 05:21 ET

[Brokerage Focus] Huaan maintains a "buy" rating on Xiaomi (01810) and expects its Q4 autos gross margin to continue to improve quarter-on-quarter.

Jingwu Financial News | huaan Securities released a research report, in the third quarter, Xiaomi (01810) revenue was 92.5 billion yuan, yoy +30.5%, exceeding expectations by 2.5%; GAAP operating profit reached 6.04 billion yuan, exceeding expectations by 17.7%; adjusted net income was 6.25 billion yuan, exceeding expectations by 5.8%; the bank pointed out that Xiaomi's autos business gross margin reached 17.1%, a significant increase from the previous quarter, higher than the BBG consensus expectation of 12.1%. The continuous optimization of autos gross margin is due to the continuous increase in production capacity utilization rate, with economies of scale becoming evident. In October this year, Xiaomi's Su7 deliveries exceeded 0.02 million.

Jinwu Financial NewsNov 22 02:54 ET

Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong FinanceNov 22 00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge MarketsNov 21 23:14 ET

Xiaomi's 2nd EV Model Could Be Launched in Q1 2025, Report Says

CnEVPostNov 21 20:33 ET

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."

Jingwu Financial NewsNov 21 20:22 ET