Key takeaways from Xiaomi Investor Day

M N 24 Apr 2024 CMB International Global Markets | Equity Research | Company Update Xiaomi (1810 HK) Key takeaways from Xiaomi Investor Day Target Price HK$22.19 We attended Xiaomi Investor Day 2024 in Beijing on 23 Apr. Key takeaways Up/Downside 37.2% include: 1) SU7 sales target: 100k units in 2024 and 10k monthly delivery in Current Price HK$16.18 June. 2) SU7 GPM target of 5-10% in 2024. 3) SU7 breakeven at 300-400k sales per year; 4) City NOA available in May and to be rolled out nationwide in China Te ...