Xiaomi plans to boost EV production capacity in 2025, Morgan Stanley optimistic

From Investing.com: 2025-01-02 19:40:07

Xiaomi is set to increase its electric vehicle production capacity after surpassing delivery expectations in 2024. The company raised its 2025 delivery target to 300,000 units from 250,000 units, with new models launching to boost sales. Analysts at Morgan Stanley are optimistic, maintaining an Overweight rating and HK$35 price target.

Despite being a new player in the Chinese EV market, Xiaomi aims to become one of the world’s largest EV makers. The competitive market has seen a price war among local manufacturers, with EVs representing a significant portion of China’s automobile sales. Tesla faced challenges in China due to increased competition and global demand slowdown.



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