Xiaomi May Become Game Changer in EV Industry -- Market Talk

Dow Jones06-04

0701 GMT - Xiaomi is likely to be a game changer in the electric-vehicle sector, Morgan Stanley analysts write in a note. Although the arrival of Xiaomi's first EV model has been later than other players, it has received very positive market feedback. Xiaomi may lead the competition in terms of in-cabin user experience and advanced driver-assistance system functions, the analysts say. MS lifts its forecasts for Xiaomi's EV sales to 118,000 units this year from 75,000 units, and raises its gross margin forecast for the EV business to 7.8% from 6.1%. The company's stronger EV business should also drive positive synergies for its smartphone and Internet-of-Things segments, MS adds, and raises its target price to HK$25.00 from HK$20.00. Xiaomi remains MS's top pick in China's tech hardware sector. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 04, 2024 03:01 ET (07:01 GMT)

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MS lifts its forecasts for Xiaomi's EV sales to 118,000 units this year from 75,000 units, and raises its gross margin forecast for the EV business to 7.8% from 6.1%. The company's stronger EV business should also drive positive synergies for its smartphone and Internet-of-Things segments, MS adds, and raises its target price to HK$25.00 from HK$20.00. Xiaomi remains MS's top pick in China's tech hardware sector. 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Although the arrival of Xiaomi's first EV model has been later than other ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828557.USD","symbol_name":"AZ EQUITY CHINA \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2440776574","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2440776574","pubTimestamp":1717484460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0701 GMT - Xiaomi is likely to be a game changer in the electric-vehicle sector, Morgan Stanley analysts write in a note. 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Although the arrival of Xiaomi's first EV model has been later than other players, it has received very positive market feedback. Xiaomi may lead the competition in terms of in-cabin user experience and advanced driver-assistance system functions, the analysts say. MS lifts its forecasts for Xiaomi's EV sales to 118,000 units this year from 75,000 units, and raises its gross margin forecast for the EV business to 7.8% from 6.1%. The company's stronger EV business should also drive positive synergies for its smartphone and Internet-of-Things segments, MS adds, and raises its target price to HK$25.00 from HK$20.00. Xiaomi remains MS's top pick in China's tech hardware sector. 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