Xiaomi an Attractive Bet on Strong EV Business Growth -- Market Talk

Dow Jones12-17

0309 GMT - Xiaomi's electric-vehicle business will continue to grow for the next few years, Deutsche Bank analyst Bin Wang writes in a note. The company's first fully electric sedan had a successful debut. Deutsche Bank expects the company's EV segment to record multi-year volume growth from 2025 to 2027, thanks to its expanding product portfolio and rising production capacity. DB expects Xiaomi to launch its second EV model in mid-2025 and a full-size plug-in hybrid electric SUV in 2026. Deutsche Bank initiates a buy rating for the stock with a target price of HK$43.00. Shares last at HK$29.70.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 16, 2024 22:09 ET (03:09 GMT)

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