Xiaomi Poised to Rank Among Global Top Ten Automakers by 2035, Bernstein Says
Xiaomi is positioned to be among the top ten automakers globally by 2035, Bernstein analysts write in a note. The company has seen significant success in China with its first model, SU7. Xiaomi's first EV model has seen strong demand, record production ramp-up and impressive gross margins at 20.4%. Bernstein forecasts Xiaomi to achieve around 405,000 unit deliveries this year, surpassing the company's guidance of around 350,000 units. By 2035, the company can reach around 3.5 million units, rank