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<Research>G Sachs Expects XIAOMI-W (01810.HK) YU7 to Be Launched in Jun/Jul as Planned, Keeps Rating at Buy
Recommend 25 Positive 47 Negative 18 |
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The second phase of XIAOMI-W (01810.HK)'s EV plant is ready to start production, and is likely to begin trial production in May, Goldman Sachs released a research report saying. As the order volume of XIAOMI-W's SU7 has recently returned to a more normal level, it is expected that the production commencement of the second phase of the plant will effectively boost XIAOMI-W's EV productive forces for both the Xiaomi SU7 and the YU7 series. The broker now believed that the YU7 can still be officially launched in June and July as planned, and maintained its 2025/ 2026 YU7 sales forecasts at approx. 85,000/ 360,000 units. Taking into account the impact of macro uncertainties brought by US tariffs on overseas business, Goldman Sachs lowered its 2025-2027 adjusted net profit forecasts for XIAOMI-W's non-EV business by 4-9%, and chopped its target price from $63 to $59, with rating kept at Buy. AAStocks Financial News |
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