Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Nomura: XIAOMI-W (01810.HK) SU7 Orders Continue to Grow
Recommend 32 Positive 75 Negative 13 |
||||
|
||||
|
Nomura wrote in a report that XIAOMI-W (01810.HK) Chairman Lei Jun provided an update on its SU7 car at the company's investor day. The broker believed XIAOMI's EV business has continued to progress beyond the broker's and the market's expectations. XIAOMI has locked in orders for 70,000 vehicles since mid-March, and orders are growing, with the premium SU7 Max model accounting for 43% of total orders, supporting average selling price (ASP) performance. This year's shipment target of 100,000 units reflected that the plant will operate at a relatively tight utilisation rate. The company estimated that the EV business will achieve a gross profit margin of 5-10% with the increase in shipment volume, and will be able to achieve breakeven by the time the annual shipment volume reaches 300,000 to 400,000 units. Nomura rated XIAOMI Neutral with a target price of $17. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
