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business16h ago
Xiaomi EV: Built On Tesla (OTCMKTS:XIACY)
- Xiaomi’s EV unit has surged from about 3% to 25% of group revenue in 18 months, signaling rapid diversification.
- Tesla remains the main rival in China’s RMB 200k–300k EV tier as Xiaomi widens its market presence.
- Xiaomi’s edge comes from localization of its supply chain and a software-centric ecosystem.
- The article cites a price target of USD 5.68 for Xiaomi stock, supported by strong EV growth.
- The analysis comes from Clear Waters Capital, highlighting long-term, fundamentals-driven thesis.
- The author discloses a long position in XIACY, XIACF, and TSLA.
- Seeking Alpha notes that past performance is no guarantee of future results and that there is no recommendation included.
- Xiaomi’s China ecosystem includes over 1 billion IoT devices, underpinning its consumer strategy.
- The article emphasizes Xiaomi’s focus on software-native experiences aligned with Chinese preferences.
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