Xiaomi's EV Business May Turn Profitable in 3Q, Berstein Says -- Market Talk

Dow Jones

Nov 12

0620 GMT - Xiaomi's electric-vehicle business is likely to turn profitable in the third quarter thanks to strong sales, Bernstein analysts write in a note. Though the company's gross margin of its EV business could decline sequentially to 25% in the third quarter, due to a lower mix of the higher-margin SU7 Ultra, this is likely to be offset by the stronger sales, they say. The brokerage forecasts the total EV sales volume to reach close to 420,000 units this year. The company's phase 2 plant is still awaiting final approval, but the delivery ramp-up in recent months has been impressive and the company delivered around 49,000 units in October, they add. Bernstein maintains an outperform rating for the stock and cuts the target price to HK$57.00 from HK$60.00. Shares last at HK$43.98. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 12, 2025 01:20 ET (06:20 GMT)

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Though the company's gross margin of its EV business could decline sequentially to 25% in the third quarter, due to a lower mix of the higher-margin SU7 Ultra, this is likely to be offset by the stronger sales, they say. The brokerage forecasts the total EV sales volume to reach close to 420,000 units this year. The company's phase 2 plant is still awaiting final approval, but the delivery ramp-up in recent months has been impressive and the company delivered around 49,000 units in October, they add. Bernstein maintains an outperform rating for the stock and cuts the target price to HK$57.00 from HK$60.00. Shares last at HK$43.98. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 01:20 ET (06:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xiaomi's EV Business May Turn Profitable in 3Q, Berstein Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi's EV Business May Turn Profitable in 3Q, Berstein Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-12 14:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0620 GMT - <a href=\"https://laohu8.com/S/XIACY\">Xiaomi</a>'s electric-vehicle business is likely to turn profitable in the third quarter thanks to strong sales, Bernstein analysts write in a note. Though the company's gross margin of its EV business could decline sequentially to 25% in the third quarter, due to a lower mix of the higher-margin SU7 Ultra, this is likely to be offset by the stronger sales, they say. The brokerage forecasts the total EV sales volume to reach close to 420,000 units this year. The company's phase 2 plant is still awaiting final approval, but the delivery ramp-up in recent months has been impressive and the company delivered around 49,000 units in October, they add. Bernstein maintains an outperform rating for the stock and cuts the target price to HK$57.00 from HK$60.00. Shares last at HK$43.98. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 01:20 ET (06:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XIACY","symbol_name":"小米集团ADR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582341286","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582341286","pubTimestamp":1762928400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0620 GMT - Xiaomi's electric-vehicle business is likely to turn profitable in the third quarter thanks to strong sales, Bernstein analysts write in a note. Though the company's gross margin of its EV business could decline sequentially to 25% in the third quarter, due to a lower mix of the higher-margin SU7 Ultra, this is likely to be offset by the stronger sales, they say. The brokerage forecasts the total EV sales volume to reach close to 420,000 units this year. The company's phase 2 plant is still awaiting final approval, but the delivery ramp-up in recent months has been impressive and the company delivered around 49,000 units in October, they add. Bernstein maintains an outperform rating for the stock and cuts the target price to HK$57.00 from HK$60.00. Shares last at HK$43.98. 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Though the company's gross margin of its EV business could decline sequentially to 25% in the third quarter, due to a lower mix of the higher-margin SU7 Ultra, this is likely to be offset by the stronger sales, they say. The brokerage forecasts the total EV sales volume to reach close to 420,000 units this year. The company's phase 2 plant is still awaiting final approval, but the delivery ramp-up in recent months has been impressive and the company delivered around 49,000 units in October, they add. Bernstein maintains an outperform rating for the stock and cuts the target price to HK$57.00 from HK$60.00. Shares last at HK$43.98. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2025 01:20 ET (06:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}