Guo Mingchi expects Xiaomi's smartphone shipments in the fourth quarter to increase by 14% YoY, and predicts that the first Xiaomi car will be launched next year.

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2023.10.13 06:20
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Tianfeng International analyst Guo Mingji predicts that Xiaomi's first car will be released next year, with an estimated shipment of 50,000 to 60,000 units. The key selling points are autonomous driving, software ecosystem, 800V fast charging, and power configuration. The estimated selling price is below 300,000 RMB. If the selling price is closer to or even lower than 250,000 RMB, there should be room for an increase in shipment volume.

Analyst Guo Mingji from TF International Securities predicts that Xiaomi's first car will be launched next year, with estimated shipments of 50,000 to 60,000 units. The key selling points will be autonomous driving, software ecosystem, 800V fast charging, and power configuration. The estimated price is expected to be below 300,000 RMB. If the price is closer to or even lower than 250,000 RMB, there should be room for an increase in shipments.

In terms of the mobile phone business, he predicts that the bottom of the Chinese mobile phone market has passed and is expected to regain growth. Xiaomi's shipments in the fourth quarter are estimated to be around 40 to 45 million units, with a year-on-year growth of about 14%, outperforming the overall unit growth of the domestic mobile phone market. It is estimated that Xiaomi's mobile phone shipments next year will achieve double-digit growth, and the fourth quarter and next year's profits are expected to exceed market expectations. (ha/w)