Xiaomi Stock Likely Driven by New Product Launches in September
Dow Jones
7 hours ago
0620 GMT - Sales forecasts for Xiaomi's Skynomad SUV line and the upcoming launch of the Xiaomi 18 smartphone should be catalysts for the stock in the near term, while third-quarter forecasts may be an overhang, Citi analysts write in a note. Xiaomi reported that August EV deliveries exceeded 30,000 units. Shipments so far this year total over 246,000 units, accounting for more than half of Citi's estimate of 450,000 units for 2026. Xiaomi held the soft launch for Skynomad in late July, while the official launch of the N70 and N90 SUVs will be within one or two weeks, Citi adds.
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