China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

Chinese smartphone company Xiaomi's new car is selling better than expected, putting it closer to break-even despite undercutting Tesla's Model 3 on price.

"Breakeven would be realized if annual sales reach 300-400k," Citi analysts said in a report, citing the investor day. They raised their autos segment gross profit margin forecast to 6% this year, versus a 10% loss previously expected.The Citi analysts raised their earnings per share forecast by 25% this year, and now expect Xiaomi to ship 100,000 cars this year, 200,000 next year and 280,000 in 2026.Tesla's gross margin has successively declined over the past five quarters to 17.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Half Of All Tesla EVs Are Made In ChinaTesla operates four electric car factories around the world. However, one of them is crucial from the volume perspective: the Tesla Giga Shanghai in China.
Fuente: InsideEVs - 🏆 579. / 51 Leer más »