- Xiaomi was the second largest smartphone player globally in Q2 2021, and it now targets becoming the top-ranking company in terms of smartphone shipments worldwide in three years' time.
- Xiaomi also aims to engage in the mass production of electric vehicles by the first half of 2024, following its initial announcement to enter this space in March this year.
- The market values Xiaomi at consensus forward FY 2021 and FY 2022 normalized P/E multiples of 22.5 times and 19.0 times, respectively.
For further details see:
Xiaomi: Ambitious Goals Unveiled At Recent Investor Day