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Deutsche Bank Upgrades Xiaomi's Target Price Amid Positive Automotive Business Outlook
2025-05-07 /
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Author：小编
According to a recent report from Deutsche Bank, Xiaomi Group experienced a temporary dip in new electric vehicle orders in April, which may be attributed to a decrease in autonomous driving-related advertising. Despite this, Xiaomi anticipates that its second automobile plant will commence production in the latter half of 2025, aiming to sell between 50,000 and 150,000 vehicles this year. The bank forecasts a robust growth in Xiaomi's automotive sector, with gross margins anticipated to surge to 22% in the first quarter, climbing further to 24.7% by the end of the year. Consequently, Deutsche Bank has revised upwards Xiaomi's target price to HK$74, while reaffirming its Buy rating.
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