Xiaomi's Latest 17 Series Smartphones Sell Out Instantly, EV Division Set for Record Deliveries
Xiaomi's latest 17 series smartphones have created a buzz in China, selling out minutes after launch. The tech giant's electric vehicle (EV) division is also making waves, with analysts predicting a surge in deliveries and a strong stock market performance.
The new 17 series smartphones have broken records in their price segment, with customers snapping them up quickly. Meanwhile, Xiaomi's EV division is expected to deliver over 400,000 vehicles by 2025, with a target price of 66 Hong Kong dollars (7.22 euros). Citigroup estimates that Xiaomi will deliver over 264,000 vehicles in 2024, already reaching 75% of its annual target. In September, Xiaomi delivered over 40,000 vehicles, a new monthly record and the first time exceeding this milestone.
Analysts are optimistic about Xiaomi's stock market. The average target price is around 7.23 euros, with most recommending buying shares. JPMorgan has strongly endorsed this, issuing a research note to that effect. Xiaomi's stock market price has recovered to 6.16 euros, rebounding from a dip below 6 euros earlier in the week.
Xiaomi's 17 series smartphones have proven popular, selling out quickly. The company's EV division is on track to meet delivery targets, with analysts predicting strong stock market performance. Xiaomi's stock market price has shown resilience, recovering after a temporary dip.
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