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A research report issued by Goldman Sachs reveals that the delivery lead time for Xiaomi's SU7 Pro/Max models has seen a reduction, a testament to the company's remarkable progress in enhancing its manufacturing prowess. The tax subsidies introduced on October 24 serve as a further indicator of Xiaomi's commitment to expanding its production capacity. Goldman Sachs has reaffirmed its 'Buy' stance on Xiaomi, setting a 12-month price target of HK$56.5. Over the long haul, the investment bank anticipates that Xiaomi will bolster its standing in the electric vehicle market, drawing on its robust financial position, formidable ecosystem integration skills, and cost efficiencies. The company is well-positioned to create one of the globe's most extensive consumer-oriented smart physical ecosystems.
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