[Brokerage Focus] CMB International expects that retail sales of Electric Vehicles in 2024 will increase by 49% year-on-year, and there is hope for continued growth of 23% in 2025.
Jinwu Financial News | CMB International stated that 11 Chinese automotive companies announced their Electric Vehicle sales for December, with a total sales increase of 54% year-on-year and a 5% increase month-on-month, among which 9 companies achieved record-high sales. The firm indicated that Li Auto and NIO met expectations, while XPeng slightly exceeded expectations; BYD, Great Wall, Deep Blue, Leap Motor, ZEEKR, and Xiaomi all set new sales records for Electric Vehicles. The firm expects the overall retail sales of Electric Passenger Vehicles in December to increase by 13% month-on-month to approximately 1.4 million units, with the Electric Vehicle market share narrowing to 47%. The firm estimates that the retail sales of Electric Vehicles for the entire year of 2024 will increase by 49% year-on-year to approximately.
China's Late-Year EV Sales Boom Gives Way to Rocky 2025 View
[Brokerage Focus] Morgan Stanley: Xiaomi (01810) product portfolio will undergo positive changes, and this year's shipping volume target may be raised again.
Jingwu Financial News | Morgan Stanley reports that Xiaomi (01810) is expected to deliver over 0.135 million electric Autos in 2024, surpassing its annual target. Given that Xiaomi achieved a delivery record of over 0.025 million Autos in December last year alone, the company has raised its 2025 delivery target from approximately 0.25 million Autos to 0.3 million Autos. Morgan Stanley believes that as Xiaomi continues to expand its vehicle production capacity, the shipping target for 2025 may be raised again. The report also anticipates that by 2025, Xiaomi's product portfolio will experience positive changes, which
Major rating丨Morgan Stanley: believes Xiaomi will continue to increase Autos production capacity, and the shipping volume target for this year may be further revised upward.
Morgan Stanley published a research report indicating that Xiaomi's electric vehicle deliveries in 2024 will exceed 135,000 units, surpassing its annual delivery target. Due to the group's monthly delivery volume exceeding 25,000 units last December, the company has raised its 2025 delivery target to 300,000 units, up from the previous target of around 250,000 units. The bank believes that the group will continue to enhance its auto production capacity, therefore, the shipping target for 2025 may be further adjusted upwards. Morgan Stanley expects that Xiaomi's product lineup in 2025 will undergo positive changes, which may drive overall growth and better electric vehicle profit margins. Additionally, the bank believes that Xiaomi's 2024...
Xiaomi Delivers Over 135,000 Cars in 2024, Targets 300,000 in 2025
Express News | China’s Xiaomi Founder: Auto Deliveries Exceed 135,000 in 2024, Aim to Deliver 300,000 Cars in 2025
