0257 GMT - Xiaomi's EV delivery outlook for June is positive despite flat May sales, Deutsche Bank Research analyst Bin Wang says in commentary. The bank estimates Xiaomi will book deliveries of 30,000 units in June, thanks to improving production capability and seasonal factors. Xiaomi's May EV sales were flat on month, while new order flow dropped 36% on month, Deutsche Bank says, citing public data and its checks with dealers. The decline in new orders for May could be partly due to some potential car buyers waiting for an upcoming model launch. The analyst keeps a buy rating on Xiaomi with a target price of HK$75.00. Shares are last at HK$52.45.(tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 22:57 ET (02:57 GMT)
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