On the day of the Shanghai auto show, Citi analysts reported that Xiaomi (OTC:XIACF) exhibited a lower profile compared to the previous year.
The subdued presence was attributed to the absence of the YU7 showcase at the expo. Additionally, recent media coverage of a car crash incident in China on April 1st was noted as a potential reason for the company’s quieter participation.
Despite the recent incident and the quieter auto show presence, Xiaomi’s launch schedule for the YU7 remains on track for the June/July period. This timing is anticipated to follow the release of the car crash investigation report. Xiaomi currently has a significant backlog of over 200,000 orders for its SU7 model.
The lead times for Xiaomi’s vehicles vary by model, with the standard SU7 requiring approximately 6-7 months, the PRO model 5-6 months, and the Max 4-5 months. Interestingly, the Ultra model boasts a shorter lead time than the Max.
Citi analysts believe that the next significant event for Xiaomi could be the first-quarter earnings of 2025 and the launch of new products in the smartphone and smart glass categories. These upcoming developments could serve as catalysts for the company’s stock performance in the future.
