Goldman Sachs is optimistic about Xiaomi's electric vehicle business

Recently, Goldman Sachs raised its forecast for Xiaomi's electric vehicle sales, believing that it has favorable demand and manufacturing capacity prospects. Goldman Sachs predicts that Xiaomi's electric vehicle business may reach a profit inflection point in 2026. Specifically, Goldman Sachs raised its forecast for Xiaomi's electric vehicle sales in 2025 from 290,000 to 350,000, 21% higher than the current consensus forecast. At the same time, it also raised Xiaomi's electric vehicle sales forecast for 2026 from 480,000 to 655,000, 48% higher than the current consensus.