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Citi: XIAOMI-W (01810.HK) Beijing R&D Building Fails to Pass Final Acceptance, Not Related to EV Production
2025-10-13 12:59:23
Chinese media said that XIAOMI-W (01810.HK)'s Beijing phase 2 factory R&D building failed to pass the final acceptance, according to Citi Research's research report.

The broker noted that the building is a supporting service office and not related to EV production. Citi Research believed that, based on the current delivery pace, XIAOMI-W can exceed its target of delivering over 350,000 units this year.

Therefore, the broker now rated XIAOMI-W at Buy, with a target price of $66.
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