Xiaomi’s electric-vehicle unit is set for a rebound, with Deutsche Bank analyst
Bin Wang expecting sequential improvements in sales and margins after Q1. The
recovery is driven by the SU7 sedan launched in late March, with two upcoming
plug-in hybrid models likely to further lift volumes. Deutsche Bank maintains a
buy rating with a HK$67 target price. Shares rose 7.2% to HK$31.10.