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<Research>Citi Maintains TP for XIAOMI-W (01810.HK) at HKD42, Rating Buy
Recommend 10 Positive 26 Negative 8 |
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The new XIAOMI-W (01810.HK) model SU7, priced at RMB219,900, is nearly 8% lower than the price of Tesla Model 3, Citi said in its report. Within 34 minutes of its launch, SU7 received 15,000 orders. In view of more giveaways and hiking component costs, the gross margin for SU7 may be lower than the initially launched SU7. XIAOMI offers a RMB20,000 discount and promises to deliver the car within five weeks. Since January, inventory preparations have been made for this launch, the broker noted. Recently, XIAOMI launched large models such as MiMo-V2-Pro, a large model with over 1000B total parameters and 42B activated parameters. This model ranked eighth on the AI analysis index one week after its release. XIAOMI committed to investing RMB60 billion in AI over three years. Notably, XIAOMI's HAD and the XLA MiMo Embodied model are among its applications, and XIAOMI's complete IoT ecosystem can provide better scenarios for AI applications. The broker kept the target price for XIAOMI at HKD42, with a rating of Buy. AASTOCKS Financial News Website: www.aastocks.com |
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