Xiaomi's New Products Could Boost Its Smartphone and EV Businesses -- Market Talk

Dow Jones10-30 12:05

0405 GMT - Xiaomi's smartphone and electric-vehicle businesses are set to get a boost from the launch of two impressive products, Citi analysts write in a note. Its latest flagship phone, the Mi15, is the first handset to come with a high-level chip to support more powerful AI features, they say. The new SU7 Ultra, a high-performance version of its flagship car, could propel the company's EV business to the high-end, sports car segment, they add. Citi maintains a buy rating on the stock and raises the target price to HK$30.60 from HK$22.70. Shares are last at HK$25.55. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

October 30, 2024 00:05 ET (04:05 GMT)

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Its latest flagship phone, the Mi15, is...</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":"LU0561508036.HKD","symbol_name":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479101214","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479101214","pubTimestamp":1730261100,"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":"0405 GMT - Xiaomi's smartphone and electric-vehicle businesses are set to get a boost from the launch of two impressive products, Citi analysts write in a note. 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