Xiaomi Corp

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Xiaomi Corp. engages in the design, manufacture and sale of smartphone, hardware and software products. Its business covers power bank, audio, camera and lifestyle. Xiaomi doing business through three business segments-Hardware, E-commerce & New Retail and Internet services. Its products include power bank pro, headphones, in-ear headphones pro, bluetooth headset basic with dock, bluetooth speaker, sphere camera, home security camera, action camera, robot builder, electric scooter, bedside lamp, and body composition scale. The company was founded by Jun Lei, Bin Lin, Wan Qiang Li, Feng Hong, De Liu, Chuan Wang, and Jiang Ji Huang on March 3, 2010 and is headquartered in Beijing, China.

The global smartphone market recovery continues. Strong 4Q24 China shipments will be supported by government purchase subsidies. Xiaomi 15 will boost market share. SU7 delivery will exceed 120k in 24E, with a projection to hit 240k in 25E. Ultra (luxury sport sedan) is expected to launch in 2Q25E. The news suggests Xiaomi and Goertek are developing AI glasses, targeting Ray-Ban Meta Smart Glasses as a competitor, with a potential launch in 2Q25E.

Xiaomi: A Unified Tech Leader Bridging Smartphone, EVs, And Home Electronics

Xiaomi Corporation (OTCPK:XIACF) Q3 2024 Earnings Conference Call November 18, 2024 7:30 AM ET Company Participants Anita Chan - Head of IR and Corporate Finance Lu Weibing - Vice President Alain Lam - CFO Conference Call Participants Timothy Zhao - Goldman Sachs Andy Meng - Morgan Stanley Leping Huang - Huatai Hanjing Wen - CICC Zoe Xu - UBS Yayuan Huang - Citi Operator 2024 Third Quarter Results Announcement. Investor Conference Call and Audio Webcast.

Xiaomi Corporation (XIACF) Q3 2024 Earnings Call Transcript

Xiaomi Corp has unveiled better-than-expected results for the third quarter, thanks in part to soaring electric vehicles sales following its entry to the market earlier this year. Some 39,790 Xiaomi SU7 Series vehicles were delivered over the quarter, taking the year-to-date total to 67,157 and leaving the company targeting 130,000 sales for 2024.

Xiaomi outdoes expectations as electric vehicles sales take off

Chinese electronics maker Xiaomi Corp posted a 30.5% jump in third-quarter revenue, boosted by the launch of its first electric vehicle, the SU7 sedan, in March.

Xiaomi posts jump in third-quarter revenue, beats estimates

Xiaomi CEO Lei Jun said on Monday that deliveries of its flagship electric vehicle series SU7 has surpassed 100,000 units.

Xiaomi CEO: SU7 deliveries surpass 100,000, aiming for 130,000 by year end

India's antitrust body has recalled its investigation report into competition law breaches by e-commerce giant Walmart's Flipkart, a document shows, the second such move after a report on Apple was revoked in August.

India recalls Flipkart antitrust probe report after Xiaomi complaint

China's Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production for its electric car venture in a fiercely competitive market. Xiaomi on Tuesday also announced it was taking preorders for the high-end sports version, SU7 Ultra, starting at 814,900 yuan ($114,304), ahead of the product release in March 2025.

China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car

A prototype Chinese electric vehicle has set a record lap time at Germany's grueling Nurburgring track, its maker Xiaomi said on Tuesday just hours before a company event expected to reveal the production model of the car.

Xiaomi chief touts Nurburgring record ahead of EV launch

Ford Motor Company

Ford CEO Jim Farley has fallen in love with an electric vehicle, and it's not made by his company.

Ford's CEO loves his electric vehicle. One issue — it's not a Ford.

Chinese smartphone maker Xiaomi Corp is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday

Xiaomi's automobile plant expansion to be completed in mid-2025, report says

The Xiaomi stock price continued soaring, reaching a high of $24, its highest point since 2022 bringing its market cap to over HKD 605 billion or $72.4 billion. This growth makes it one of the biggest Chinese technology companies.

Xiaomi stock price has entered beast mode: more upside left?

Walmart

China's Xiaomi has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said.

Xiaomi asks India to recall antitrust report on Walmart's Flipkart, sources say

Amazon

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.

Exclusive: India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart

The SU7 outsold both Tesla's Model 3 and NIO's ET5 in its price category in July 2024, with 13,120 units sold. Xiaomi's automobile division achieved a 15.4% gross margin after one-quarter of delivery, surpassing some Chinese EV competitors. Xiaomi's strategy involves selling products at low margins to profit from cross-selling IoT items and advertising monetization.

Xiaomi: Evolving Strategies And Growth Potential

Xiaomi's normalized EPS grew strongly by +19.0% YoY to RMB 0.243 in Q2 2024, as its smartphone and EV businesses performed well. XIACF's prospects are good, considering expectations of further market share gains for the smartphone business and a higher gross margin for the EV business. I revised my rating for Xiaomi to a Buy after analyzing the company's second quarter performance and its financial outlook.

Xiaomi: Above-Expectations Performance And Bullish Outlook Justify A Buy (Rating Upgrade)

Xiaomi Corporation (OTCPK:XIACF) Q2 2024 Earnings Conference Call August 21, 2024 7:30 AM ET Company Participants Anita Chan - Head of IR and Corporate Finance Lu Weibing - Vice President Alain Lam - CFO Conference Call Participants Timothy Zhao - Goldman Sachs Andy Meng - Morgan Stanley Hanjing Wen - CICC Xudong Chen - Huatai Yayuan Huang - Citic Operator Good evening. Welcome to Xiaomi Group's 2024 Interim Results Announcement Investors' Meeting and Online Webcast.

Xiaomi Corporation (XIACF) Q2 2024 Earnings Call Transcript

China's Xiaomi Corp posted a 32% rise in second-quarter revenue on Wednesday, driven by new revenue streams from its auto business unit and boosted by strong sales of handsets.

Xiaomi Q2 revenue jumps 32% on auto business, smartphone sales

China's Xiaomi has launched its first flip phone with the ability to print pictures instantly using a separately sold portable printer. The company also released the latest version of its folding phone, the Mix Fold 4, at the same price as the prior version at 8,999 yuan.

Xiaomi launches first flip phone at just over $800, with a $70 portable printer

A decision by the Trump administration to sanction China's Xiaomi Corp in early 2021 was the catalyst for the company's decision to build its first electric car, CEO Lei Jun said on Friday.

Trump sanctions prompted China Xiaomi's EV entry, CEO says

The electric vehicle (EV) market possesses an unmatched possibility for long-term growth, meeting the global goal of transitioning into sustainable vehicles. While the EV market has slowed down recently, EV demand will inevitably continue to rise in the future.

3 Stocks Beating Tesla in the EV Sector

Xiaomi's foray into EVs has delivered early results and long term prospects are promising helped by industry growth and Xiaomi's competitive advantages. Tech is a rapidly-changing industry but Xiaomi's unique market position is difficult to emulate and potential threats from a comparable rival is unlikely for the foreseeable future. For a company with competitive advantages in a high-growth industry, their valuation appears undemanding.

Xiaomi: Long Growth Runway, Undemanding Valuation

Li Auto Inc.

XPeng

Chinese EV stocks to buy have taken the market by storm, with BYD (OTCMKTS: BYDDF ) leading the charge as a clear frontrunner. Not only have they dominated the domestic market, but they continue to spread their tentacles across the globe.

3 Chinese EV Stocks That Could Be the Next BYD: May Edition

Xiaomi Corporation (OTCPK:XIACF) Q1 2024 Earnings Conference Call May 23, 2024 7:30 AM ET Company Participants Anita Chan - Head of Investor Relations and Corporate Finance Lu Weibing - Partner and President Alain Lam - Vice President and Chief Financial Officer Conference Call Participants Andy Meng - Morgan Stanley Timothy Zhao - Goldman Sachs Hanjing Wen - CICC Operator Good evening, everyone. Welcome to Q1 Results Announcement for Investors Conference of Xiaomi for our Conference Call and Audio Webcast.

Xiaomi Corporation (XIACF) Q1 2024 Earnings Call Transcript

Xiaomi's first-quarter net profit and revenue beat expectations, thanks to stronger sales from its smartphone and Internet-of-Things and lifestyle product segments.

Xiaomi's First-Quarter Profit, Revenue Beat Expectations

Chinese electronics maker Xiaomi posted a bigger-than-expected 27% rise in first-quarter revenue on Thursday, boosted by strong sales of handsets amid a recovery in the smartphone market.

News for Xiaomi Corp Stock (XIACY)