According to a research report published by Citigroup, Xiaomi promoted its self-developed chip strategy and expanded its automotive product line at the September press conference. The bank believes that stronger hardware differentiation and wider price coverage will help support the popularity of high-end models and the demand for SUVs. The impact of recent order conversion, delivery execution capacity, and sale incentives on gross margin is still a key indicator of short-term stock prices. The bank maintains a “buy” rating for Xiaomi and a target price of HK$34.

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