Goldman Sachs released a report saying that the Xiaomi Group held an automotive technology conference last night to announce the technical architecture of Xiaomi's new technology platform, the Xiaomi Kunlun, and launched the new SKYNOMAD Xiaomi Pengcheng car series, which cost 259,900 yuan and 299,900 yuan respectively. Goldman Sachs believes that the Kunlun platform can achieve a large, intelligent and fully configurable interior, equipped with a flat floor and long track system, bringing new features to the automotive industry. Goldman Sachs described the pre-sale price of the new Xiaomi Pengcheng series as potentially disruptive to the Chinese automobile market, considering its industry-leading interior space, battery life support, and unique ecosystem integration. Goldman Sachs continues to forecast the delivery volume of 110,000 units and 240,000 units of the Xiaomi Pengcheng series in 2026 and 2027, respectively. The sales volume in 2027 is equivalent to 15% of the more than 1.6 million SUVs priced between 200,000 and 400,000 yuan in 2025; the optimistic situation is expected to reach 500,000 units in 2027. Goldman Sachs maintains a “buy” rating for the Xiaomi Group, with a target price of HK$40.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.