Xiaomi: Strong Business Momentum But Valuation Demands Caution
Xiaomi's 4Q24 results exceeded expectations, driven by strong performance in smartphones, IoT, and EVs, solidifying its competitive moat and ecosystem. Despite positive fundamentals, Xiaomi's 70% YTD appreciation and current valuation led to a downgrade to HOLD from BUY, suggesting profit-taking or waiting for a better entry point. Xiaomi's ecosystem, bolstered by premium smartphones, IoT devices, and successful EV launches, positions it as a top tech pick in China.
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Xiaomi Corporation (XIACF) Q4 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q4 2024 Earnings Conference Call March 18, 2025 8:30 AM ET Company Participants Anita Chan - Head, Investor Relations and Corporate Finance Lu Weibing - President Alain Lam - Chief Financial Officer Conference Call Participants Andy Meng - Morgan Stanley Timothy Zhao - Goldman Sachs Wen Hanjing - CICC Xu Yingbo - CITIC Leping Huang - Huatai Zoe Xu - UBS Operator Good evening, everyone. Welcome to the online telephone call of Xiaomi 2024.
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Xiaomi posts 2024 revenue surge as EV push deepens
Chinese consumer tech giant Xiaomi on Tuesday announced a surge in annual revenue, propelled by strong smartphone sales alongside a continued push into the electric vehicle sector.
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Xiaomi reports 48% rise in fourth-quarter revenue
China's Xiaomi reported a 48.8% rise in fourth-quarter revenue on Tuesday, boosted by strong electric vehicle and smartphone sales.
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China's Xiaomi raises EV delivery target for 2025 to 350,000
China's Xiaomi raised its full-year target for electric vehicle deliveries to 350,000, founder Lei Jun said on Tuesday in a Weibo post, up from 300,000 EVs for 2025 set earlier this year.
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NaaS Technology Inc. and Xiaomi Auto Join Forces to Enhance Smart EV Charging Ecosystem
BEIJING , March 17, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced a strategic partnership with Xiaomi Auto, a subsidiary of Xiaomi Group (HKEX: 1810). Through this collaboration, two companies will work together to enhance interconnectivity in EV charging, elevate user experience, and drive innovation in intelligent mobility.
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Xiaomi's electric crossover car YU7 to have range of up to 770 km, govt document shows
Chinese tech company Xiaomi 's new electric crossover SUV, the YU7, will have a driving range of up to 770 kilometres (478 miles), a government document showed on Thursday.
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Here's why the Xiaomi stock price is beating Apple
Xiaomi stock price is firing on all cylinders, making it one of the best-performing companies in the Hang Seng index. It has soared by over 300% in the last twelve months and is beating Apple (AAPL) whose shares have jumped by less than 50%.
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China's Xiaomi to launch smart driving protection insurance
China's Xiaomi said on Tuesday it will work with insurance institutions to launch a smart driving protection service with a maximum liability of 3 million yuan ($413,439.54).
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Everything Xiaomi Unveiled at MWC 2025 in 11 Minutes
Everything from new phones with powerful video capabilities to an electric scooter, Xiaomi unveils a plethora of updates for its various lines at Mobile World Congress in Barcelona. We take a look at some of the highlights in this supercut.
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Xiaomi to sell EVs globally 'within the next few years' after launching $73,000 premium car
Xiaomi plans to begin selling its electric vehicles outside of China "within the next few years," the company's president William Lu said on Sunday. This week, Xiaomi launched its first premium EV in China called the SU7 Ultra, which starts at 529,000 Chinese yuan ($72,627).
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Xiaomi launches $1,600 Samsung phone challenger as it rides 300% stock rally to record high
Xiaomi launched the Xiaomi 15 and Xiaomi 15 Ultra on Sunday at the Mobile World Congress. The Xiaomi 15 starts at 999 euros ($1,047) and the Xiaomi 15 Ultra starts at 1,499 euros ($1,571).
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Why China's Xiaomi Can Make an Electric Car and Apple Can't
Xiaomi, which produces smartphones and consumer electronics, delivered 135,000 E.V.s last year after tapping China's robust manufacturing supply chain.
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Xiaomi prices luxury electric sedan at $72,932
Chinese electric vehicle maker Xiaomi on Thursday priced its luxury electric sedan, the SU7 Ultra, at 529,900 yuan ($72,931.72).
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Xiaomi launches 15 Ultra flagship smartphone priced from $894
Xiaomi, the world's third-largest smartphone maker, launched its new flagship smartphone Xiaomi 15 Ultra on Thursday, with the base model starting at 6,499 yuan ($894.19).
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Undercovered Dozen: Hammond Power Solutions, Blaize Holdings, Xiaomi, Coherent +
The 'Undercovered' Dozen series highlights lesser-known stocks, offering fresh investment ideas and sparking discussion among investors. Woodside Energy Group Ltd. and Glencore plc are recommended buys due to market neglect and strategic moves, respectively. Candel Therapeutics and The Honest Company show promising growth potential in their respective sectors, backed by recent positive developments.
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Xiaomi: Charging Ahead In The Ecosystem Race With A Spinning Flywheel
Xiaomi's robust ecosystem, rivaling Apple and Amazon, drives growth across smartphones, IoT, and EV segments, with a 40% upside potential at a 3x forward multiple. Premium smartphones like Xiaomi 15 Ultra and expanding IoT products are key growth drivers, enhancing brand equity and consumer stickiness. The successful launch of the SU7 EV and upcoming Yu7 model highlight Xiaomi's competitive edge in the EV market, reinforcing its ecosystem.
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China's Xiaomi to explore ways to ramp up auto production, CEO says
China's Xiaomi will explore ways to ramp up auto production capacity, CEO and founder Lei Jun said on his social media account on Friday.
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Xiaomi founder sets 10,000 sales target for luxury version of flagship EV
The luxury version of Xiaomi's flagship electric vehicle, the SU7 Ultra, will be launched at the end of February, with a sales target of 10,000 units for this year, founder Lei Jun said on his Red Note account on Wednesday.
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INDIA BUDGET India axes import tax on some smartphone parts in boost to Apple, Xiaomi
India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production efforts and benefiting firms such as Apple and Xiaomi.
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Apple's iPhone Market Share Declines in China, Huawei and Xiaomi Gain Momentum in 2024: Counterpoint
Smartphone giant Apple Inc's AAPL iPhones, minus their highly anticipated Apple Intelligence features, failed to gain traction in China, paving the way for the country's domestic players in 2024.
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China's Xiaomi announces new SUV launch
China's Xiaomi said on Monday that it expects to launch a new SUV, the YU7, in June or July next year.
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Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
Automakers like BYD, Leapmotor and Xiaomi have surpassed their annual delivery targets a month early as the year draws to a close. Zeekr, Xpeng and BYD had record monthly deliveries in November.
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Xiaomi: A Unified Tech Leader Bridging Smartphone, EVs, And Home Electronics
The global smartphone market recovery continues. Strong 4Q24 China shipments will be supported by government purchase subsidies. Xiaomi 15 will boost market share. SU7 delivery will exceed 120k in 24E, with a projection to hit 240k in 25E. Ultra (luxury sport sedan) is expected to launch in 2Q25E. The news suggests Xiaomi and Goertek are developing AI glasses, targeting Ray-Ban Meta Smart Glasses as a competitor, with a potential launch in 2Q25E.
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Xiaomi Corporation (XIACF) Q3 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q3 2024 Earnings Conference Call November 18, 2024 7:30 AM ET Company Participants Anita Chan - Head of IR and Corporate Finance Lu Weibing - Vice President Alain Lam - CFO Conference Call Participants Timothy Zhao - Goldman Sachs Andy Meng - Morgan Stanley Leping Huang - Huatai Hanjing Wen - CICC Zoe Xu - UBS Yayuan Huang - Citi Operator 2024 Third Quarter Results Announcement. Investor Conference Call and Audio Webcast.
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Xiaomi outdoes expectations as electric vehicles sales take off
Xiaomi Corp has unveiled better-than-expected results for the third quarter, thanks in part to soaring electric vehicles sales following its entry to the market earlier this year. Some 39,790 Xiaomi SU7 Series vehicles were delivered over the quarter, taking the year-to-date total to 67,157 and leaving the company targeting 130,000 sales for 2024.
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Xiaomi posts jump in third-quarter revenue, beats estimates
Chinese electronics maker Xiaomi Corp posted a 30.5% jump in third-quarter revenue, boosted by the launch of its first electric vehicle, the SU7 sedan, in March.
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Xiaomi CEO: SU7 deliveries surpass 100,000, aiming for 130,000 by year end
Xiaomi CEO Lei Jun said on Monday that deliveries of its flagship electric vehicle series SU7 has surpassed 100,000 units.
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Why Is Everyone Talking About Xiaomi Stock?
Forget smartphones, this company is appearing on investors' radars thanks to its EV offerings.
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China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car
China's Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production for its electric car venture in a fiercely competitive market. Xiaomi on Tuesday also announced it was taking preorders for the high-end sports version, SU7 Ultra, starting at 814,900 yuan ($114,304), ahead of the product release in March 2025.
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Xiaomi chief touts Nurburgring record ahead of EV launch
A prototype Chinese electric vehicle has set a record lap time at Germany's grueling Nurburgring track, its maker Xiaomi said on Tuesday just hours before a company event expected to reveal the production model of the car.
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Xiaomi's automobile plant expansion to be completed in mid-2025, report says
Chinese smartphone maker Xiaomi Corp is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday
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Xiaomi asks India to recall antitrust report on Walmart's Flipkart, sources say
China's Xiaomi has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said.
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Exclusive: India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
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Xiaomi: Evolving Strategies And Growth Potential
The SU7 outsold both Tesla's Model 3 and NIO's ET5 in its price category in July 2024, with 13,120 units sold. Xiaomi's automobile division achieved a 15.4% gross margin after one-quarter of delivery, surpassing some Chinese EV competitors. Xiaomi's strategy involves selling products at low margins to profit from cross-selling IoT items and advertising monetization.
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Xiaomi: Above-Expectations Performance And Bullish Outlook Justify A Buy (Rating Upgrade)
Xiaomi's normalized EPS grew strongly by +19.0% YoY to RMB 0.243 in Q2 2024, as its smartphone and EV businesses performed well. XIACF's prospects are good, considering expectations of further market share gains for the smartphone business and a higher gross margin for the EV business. I revised my rating for Xiaomi to a Buy after analyzing the company's second quarter performance and its financial outlook.
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Xiaomi Corporation (XIACF) Q2 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q2 2024 Earnings Conference Call August 21, 2024 7:30 AM ET Company Participants Anita Chan - Head of IR and Corporate Finance Lu Weibing - Vice President Alain Lam - CFO Conference Call Participants Timothy Zhao - Goldman Sachs Andy Meng - Morgan Stanley Hanjing Wen - CICC Xudong Chen - Huatai Yayuan Huang - Citic Operator Good evening. Welcome to Xiaomi Group's 2024 Interim Results Announcement Investors' Meeting and Online Webcast.
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Xiaomi Q2 revenue jumps 32% on auto business, smartphone sales
China's Xiaomi Corp posted a 32% rise in second-quarter revenue on Wednesday, driven by new revenue streams from its auto business unit and boosted by strong sales of handsets.
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Xiaomi launches first flip phone at just over $800, with a $70 portable printer
China's Xiaomi has launched its first flip phone with the ability to print pictures instantly using a separately sold portable printer. The company also released the latest version of its folding phone, the Mix Fold 4, at the same price as the prior version at 8,999 yuan.
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3 Stocks Beating Tesla in the EV Sector
The electric vehicle (EV) market possesses an unmatched possibility for long-term growth, meeting the global goal of transitioning into sustainable vehicles. While the EV market has slowed down recently, EV demand will inevitably continue to rise in the future.
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Xiaomi: Long Growth Runway, Undemanding Valuation
Xiaomi's foray into EVs has delivered early results and long term prospects are promising helped by industry growth and Xiaomi's competitive advantages. Tech is a rapidly-changing industry but Xiaomi's unique market position is difficult to emulate and potential threats from a comparable rival is unlikely for the foreseeable future. For a company with competitive advantages in a high-growth industry, their valuation appears undemanding.
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3 Chinese EV Stocks That Could Be the Next BYD: May Edition
Chinese EV stocks to buy have taken the market by storm, with BYD (OTCMKTS: BYDDF ) leading the charge as a clear frontrunner. Not only have they dominated the domestic market, but they continue to spread their tentacles across the globe.
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Xiaomi reports 27% rise in Q1 revenue on strong smartphone sales
Chinese electronics maker Xiaomi posted a bigger-than-expected 27% rise in first-quarter revenue on Thursday, boosted by strong sales of handsets amid a recovery in the smartphone market.
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Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according to industry data.
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Renault talks to China's Li Auto and Xiaomi on tech collaboration
Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.
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Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday.
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China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.
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Xiaomi secures lock-in orders of more than 70,000 SU7 cars
Xiaomi secured lock-in orders of more than 70,000 SU7 cars as of Saturday, its founder Lei Jun told an investor conference on Tuesday.
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Xiaomi CEO says will introduce production capacity, delivery plan for SU7 at auto show
Xiaomi's CEO said the company will offer more details about its production capacity and delivery plan for the SU7 vehicle at the Beijing Auto Show, according to a Weibo post on Monday.
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EV competition in China for Tesla revs up with phonemaker Xaomi's $30k launch
If competition among Tesla and other electric vehicle makers was not already tough enough, Chinese smartphone maker Xiaomi said its foray into the EV market has resulted in much better sales than predicted. The SU7 model was launched last month, with the smartphone giant saying it was benchmarked against the Tesla Model 3 and Porsche Taycan.
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Xiaomi says sales of its new EV have been 3-5 times higher than expected
China's Xiaomi said on Thursday that sales of its sporty electric vehicle have been 3-5 times higher than expected, and it had started deliveries of the SU7 - short for Speed Ultra 7 - 12 days earlier than previously announced.
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5 EV Stocks In The Spotlight (That Are Not Tesla)
Tesla gets the most attention in the electric vehicle industry, but there are other EV companies worth considering for investors. BYD, the largest EV company in the world by sales volumes, offers profitable growth and a significant scale advantage. XPeng, Li Auto, Xiaomi and Rivian also are promising EV players with unique approaches and growth potential.
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3 EV Stocks to Avoid Like a Dead Battery After Xiaomi's SU7 Triumph
Xiaomi (OTCMKTS: XIACY ), known for its smartphones, is making a bold entry into the electric vehicle (EV) market. The company announced it will launch its first EV at competitive prices, which put several names in the EV stocks to avoid category following the highly successful SU7 launch.
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Apple Isn't Making an EV, but Chinese Phone Makers Are Showing They Can
The tech heavyweights looking to electric vehicles for their second act are jumping into a brutal price war.
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China's Xiaomi receives over 100,000 orders, begins deliveries of its first EV
Chinese smartphone maker Xiaomi on Thursday said it has received more than 100,000 orders for its first electric vehicle, the SU7, as it began deliveries.
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Xiaomi shares jump as sales soar on EV launch
Xiaomi shares gained 9% on Tuesday on the first day of trading since the smartphone maker released its electric vehicle (EV) ahead of the Easter weekend. Priced at 215,900 yuan (US$30,408), Xiaomi's standard SU7 was listed on late Thursday as cheaper than Tesla Inc (NASDAQ:TSLA, ETR:TL0)'s Model 3 in a familiar sign of China's heated EV market.
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Xiaomi's EV Debut Shifts Connected Economy Into High Gear
Following recent reports of Apple discontinuing its decade-long Project Titan, its rival, Chinese tech giant Xiaomi, has swiftly entered the electric vehicle (EV) market with the formal launch of its much-anticipated electric car at an event in Beijing.
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Xiaomi shares pop 15% after the Chinese smartphone maker launches its first EV
Shares of Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its SU7 electric car ahead of the Easter holiday.
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Xiaomi's stock set to open up 15% after launch of electric car
Shares of China' Xiaomi were set to rise 15% on Tuesday after the maker of smartphones and other consumer electronics late last week launched a sporty electric car whose design has been likened to Porsche's Taycan and Panamera sports car models.
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Xiaomi's EV buyers face up to seven-month wait for car, app shows
Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, its app showed on Monday, in a sign that the Chinese electronics maker is enjoying strong demand for its vehicle.
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Tesla has new competition with a Chinese EV priced lower than Model 3
Tesla is getting some more electric vehicle competition in China with Xiaomi's release of the SU7 sedan this week, according to Barron's.
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China's Xiaomi SU7 Races Into EV Market: 88,898 Orders For Tesla Model 3 'Upgrade'
The handset maker is off to a blistering start in China's EV market: The Xiaomi SU7 has 88,898 orders in 24 hours for the Tesla Model 3 "upgrade."
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Is Tesla stock in for more trouble as Xiaomi offers cheaper alternatives?
2024 has been nothing but bad news for Tesla (NASDAQ: TSLA) as its stock took a heavy beating in the markets, declining nearly 30% since the start of the year, and with the news of increased competition in the form of Xiaomi (OTC: XIACF), the tough period persists.
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Xiaomi Isn't New Tesla - It May Be Better In Certain Things
Xiaomi's entry into the EV market with its affordable SU7 sedan caused its shares to surge over 12%. Xiaomi's EV has a competitive advantage over pure-play EV companies, as it offers better performance and is backed by the company's strong financial stability. Xiaomi's ecosystem approach, focusing on seamless integration between devices, cars, and homes, could prove to be more sustainable and cost-effective than Tesla's approach.
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Chinese Tech Giant Xiaomi Unveils New EV Price. It's More Bad News For Tesla.
The Xiaomi SU7 EV will start at about $30,000, about $4,000 less than a Tesla Model 3.
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With China EV launch, Xiaomi's 'Thor' takes on Elon Musk
He was called China's answer to Steve Jobs for taking Xiaomi from scrappy startup to an electronics giant known for its smartphones.
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Xiaomi share price outlook: SU7 launch brings new risks
Xiaomi share price has rebounded recently as investors cheer the company's entry into the electric vehicle industry. The stock, which bottomed at H$11.86 in February, has rebounded by over 26% to the current H$14.95.
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Tesla faces new rival in China as smartphone maker Xiaomi unveils first electric car
The launch fulfills the ambition of Xiaomi's founder, who announced the company's foray into EVs in 2021 and pledged to invest $10 billion in its auto business as "the last major entrepreneurship project" of his life.
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As Xiaomi releases its first EV, Tesla is in a ‘code red situation'
Tesla Inc (NASDAQ: TSLA) is in the red on Thursday after Xiaomi priced its first electric vehicle at far less than the Model 3. Dan Ives shares view on Tesla stock Its SU7 also trumps the Model 3 on over 90% of the specifications, as per Lei Jun – the chief executive of Xiaomi.
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Xiaomi's first EV to go on sale at starting price of 215,900 yuan
Xiaomi's highly anticipated electric vehicle (EV) will go on sale at a starting price of 215,900 yuan ($29,869.54), the Chinese smartphone company said as it announced the launch of its first car in the world's largest auto market.
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Xiaomi releases electric car $4k cheaper than Tesla's Model 3 as price wars heat up
Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.
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Xiaomi set for plunge into EVs at a tricky time for China autos
China's Xiaomi will launch its highly anticipated electric vehicle (EV) on Thursday when it will reveal its pricing and start taking orders, marking the electronics company's entry into the world of automobiles.
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China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
On Thursday, Xiaomi will officially launch the SU7, its first electric vehicle, and begin taking orders.
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China's Xiaomi hints EV will be priced at top end of range
Xiaomi chief executive Lei Jun has hinted the technology firm's electric vehicle will be priced below 500,000 yuan (£54,899). The Chinese firm's Speed Ultra 7 will be the “best looking, easiest to drive and smartest car” priced below the figure, he said in a Weibo post, with official costs set to be unveiled as orders begin being taken later this week.
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Xiaomi car app launched on Apple's App Store in China
An app of Xiaomi's car has been launched on Apple's App Store in China- Reuters checks showed on Monday.
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Xiaomi Corporation (XIACF) Q4 2023 Earnings Call Transcript
Xiaomi Corporation (XIACF) Q4 2023 Earnings Call Transcript
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China's Xiaomi Q4 2023 revenue rises 11%, beats estimates
Chinese smartphone maker Xiaomi reported a 10.9% rise in fourth-quarter revenue on Tuesday, boosted by strong smartphone sales in an industry showing signs of recovery.
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3 Smart Stocks to Buy as the Wearable Technology Market Expands
While the digital innovation space offers no shortage of upside opportunities, wearable technology stocks could offer a distinctly compelling prospect. We're not just talking about innovation for its own sake but rather one that has significant everyday practicality.
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Apple spent 10 years trying to launch a car. China's Xiaomi just did it in 3.
Apple pulled the plug on its electric vehicle project last month. Now, one of its biggest Chinese smartphone rivals is about to show it how it's done.
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Xiaomi Just Gave NIO Stock a Major Lift
Chinese electric vehicle (EV) stocks are rising this morning on news that their sector is expanding. Consumer electronics producer Xiaomi (OTCMKTS: XIACY ), the nation's fifth-largest smartphone maker, has announced that it will be launching a new EV on March 28.
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Chinese smartphone maker Xiaomi latest to rival Tesla with new EV
Smartphone maker Xiaomi will begin deliveries of its first electric vehicle later this month, becoming the latest Chinese firm to dive into the highly competitive market. Xiaomi said in a Weibo post on Tuesday that its Speed Ultra 7 sedan would be released this month, with a launch scheduled on March 28.
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Xiaomi is set to launch its electric car on March 28
Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.
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Xiaomi SU7 EV is coming: will it succeed where Apple failed?
Xiaomi share price surged hard in Hong Kong as investors cheered the company's move into the electric vehicle (EV) industry. The stock jumped by over 10%, pushing it to H$15, its highest point since January 8th of this year.
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China's Xiaomi says it will start deliveries of its first EV model on March 28
China's Xiaomi said on Tuesday it will start deliveries of its first electric vehicle (EV) model SU7 on March 28.
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Xiaomi bets big on its new electric vehicle — targets 20 million premium users
Xiaomi is putting a premium price on its first electric car because it already has about 20 million users in that segment, Group President Weibing Lu told CNBC.
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Xiaomi launches new photo-geared 14 Series smartphone
Chinese consumer electronics maker Xiaomi on Sunday launched for international markets its new AI-enhanced and photography-geared 14 Series smartphone, along with other wearable gadgets.
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Exclusive: Xiaomi says India's scrutiny of Chinese firms unnerves suppliers
China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter.
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The 3 Hottest Wearable Technology Stocks to Watch in 2024
Looking back at the history of consumer technology, society evolved from compelling but cumbersome equipment to portable devices, which naturally necessitates a discussion about wearable technology stocks. Indeed, modern innovations translate to increasingly smaller, more convenient and ultimately smarter devices.
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See the new Chinese EV that wants to take on Tesla and Porsche
A new Tesla rival debuted in Beijing this week. Chinese smartphone maker Xiaomi designed the SU7 to challenge Tesla and Porsche.
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China's Xiaomi unveils first electric car – Automotive
Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle and announced it aimed to become one of the world's top five automakers Read more:
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Xiaomi unveils first EV and plans to rival Tesla and Porsche with ‘dream car'
Xiaomi, a Chinese smartphone maker, has unveiled its first electric vehicle (EV) and plans to become a top five global automaker, intending to build a “dream car” comparable to Porsche AG (ETR:P911) and Tesla Inc (NASDAQ:TSLA). “By working hard over the next 15 to 20 years, we will become one of the world's top five automakers, striving to lift China's overall automobile industry," Xiaomi CEO Lei Jun said on Thursday at the unveiling in Beijing.
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Xiaomi Targets Tesla With First EV
Xiaomi, the Chinese company most famous for its smartphones, unveiled its first car on Thursday. The company is taking inspiration from Tesla as it aims to compete at the higher end of the electric vehicle market.
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Tesla Gets New Competition
Tesla Inc. (NASDAQ: TSLA) has held the lead in global sales among electric vehicle (EV) companies, likely since it
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China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
Pronounced "Sue Qi" in Mandarin, the Xiaomi SU7 beats Porsche's Taycan and Tesla's Model S on acceleration and other metrics, Xiaomi CEO Lei Jun said.
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Xiaomi Corporation (XIACF) Q3 2023 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q3 2023 Results Conference Call November 20, 2023 6:30 AM ET Company Participants Anita Chan - Head, IR and Corporate Finance Lu Weibing - Partner and President Alain Lam - VP and CFO Conference Call Participants Andy Meng - Morgan Stanley Thompson Wu - UBS Huang Leping - Huatai Operator Good evening, everyone. Welcome to Xiaomi 2023 Third Quarter Results Announcement Investor Conference Call and Audio Webcast.
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Xiaomi revenue edges higher but profit leaps on cost savings
Xiaomi Corp reported a small increase in revenue for the third quarter, though smartphone shipments were flat as China's economic recovery struggled to gather momentum.
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BAIC unit applies for manufacturing approval for Xiaomi-branded EVs
A unit of Beijing-based automaker BAIC Group has applied for manufacturing approval for two Xiaomi-branded electric vehicles (EVs), China's industry ministry website showed on Wednesday.
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Xiaomi claims a record $3.11 billion in Singles Day sales
Alibaba and JD.com declined for a second-straight year to share total figures for the Singles Day shopping festival.
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Innovative AIoT Strategy: Xiaomi's Path To Enhanced User Experience
Xiaomi's stock has increased 28% since February 2023 and has broken out above its technical resistance level. The company has demonstrated strong profitability growth through its IoT and value-added services segments. Xiaomi is leading in upgrading its IoT devices with AI assistants, positioning itself as an early beneficiary in AI technology.
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Chinese smartphone maker Xiaomi releases a new operating system as it plans car integration
Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it plans to release its own car.
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