Streetbeat News

XIACF

Xiaomi Corporation

http://www.mi.com/

CEO

Jun Lei

Industry

Electronics Stores

Open

3.67

Mkt cap

88B

Volume

22K

High

3.67

P/E Ratio

35.30

52-wk high

3.67

Low

3.53

Div yield

N/A

52-wk low

1.51

India has surpassed the US to become the second-largest 5G smartphone market, driven by strong sales from brands like Samsung, Vivo, and Xiaomi. Apple leads in global 5G handset shipments, followed by Samsung and Xiaomi.

Portfolio Pulse from Ananthu C U

September 06, 2024 | 6:24 am

Xiaomi, a new entrant in the EV market, delivered over 27,000 SU7 sedans in Q2, generating $0.87 billion in revenue. The company aims to deliver 120,000 vehicles next year, with strong initial demand. The SU7 is priced competitively against Tesla's Model 3 in China.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 1:06 pm

Apple's operating margins in Greater China have hit a near decade-low due to iPhone discounting and a weaker yuan, according to Morgan Stanley analyst Erik Woodring. Despite this, Apple's Services segment showed strong growth driven by advertising, App Store, and Cloud. Apple shipped 45.6 million units in the June quarter, but its market share slipped as Chinese competitors like Xiaomi reported higher growth rates.

Portfolio Pulse from Shanthi Rexaline

August 07, 2024 | 7:56 am

Apple is set to announce its Q3 2024 results, with analysts expecting a potential inflection in topline growth. Despite a recent soft patch, the company is anticipated to report year-over-year growth in revenue and EPS. Analysts are bullish on Apple's long-term prospects, with price targets raised by Wedbush and Morgan Stanley. Apple's stock has risen over 15.50% year-to-date, comparable to major ETFs like SPY and QQQ.

Portfolio Pulse from Shanthi Rexaline

August 01, 2024 | 1:05 pm

Xiaomi Corp has acquired land in Beijing for $116 million to expand its EV production, aiming to produce a Tesla Model Y-like SUV by 2025. This move is part of a $10 billion plan to establish a strong presence in the EV sector. Chinese EV stocks XPeng Inc (NYSE:XPEV) and Li Auto Inc (NASDAQ:LI) are trading lower on Monday.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 11:01 am

The rapid increase in new energy vehicles (NEVs) in China has led to financial challenges for insurers, who are struggling to turn a profit despite higher premiums. Factors such as higher loss ratios, expensive battery repairs, and increased mileage in ride-hailing contribute to the issue. The National Financial Regulatory Administration (NFRA) is considering reforms to allow more flexible premium settings.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 1:56 am

Xiaomi has received regulatory clearance to mass-produce electric vehicles independently, marking a significant milestone in its EV ambitions. Despite production bottlenecks and quality issues, Xiaomi's SU7 model has seen strong demand. The company plans to launch more models and increase its delivery targets. However, Xiaomi faces challenges such as anti-dumping tariffs in Europe and slowing demand in China.

Portfolio Pulse from The Bamboo Works

July 23, 2024 | 11:55 am

Xiaomi EV, the car-making unit of Xiaomi Corp., is ramping up production to reduce waiting times for its Xiaomi SU7 model. The company has initiated double-shift production and aims to deliver over 100,000 units in 2024. Current orders face a 30-week delivery wait, but lead times are expected to reduce by up to five weeks.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 11:48 am

Chinese automakers like BYD, Xiaomi, and Nio are using livestreaming to boost car sales, following a strategy similar to Tesla. This approach allows them to engage with younger consumers and showcase their vehicles' features in real-time, reducing traditional advertising costs.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 11:53 am

Cheche Technology Inc. (NASDAQ: CCG) reported a modest 1% year-on-year revenue growth in Q1, despite a 9.2% increase in written premiums and a 20% rise in transactions. The sluggish Chinese car market and intense competition are pressuring pricing and margins. Cheche's partnerships with NEV manufacturers, including Xiaomi and Volkswagen, are crucial for future growth. However, the company faces challenges in improving revenue and margins, with a gross profit margin of just 4.3% and a widened net loss. Cheche's shares have plummeted nearly 95% since its public listing.

Portfolio Pulse from The Bamboo Works

June 05, 2024 | 2:33 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.