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<Research>CLSA Suggests XIAOMI-W Consider Promotions Due to Decline in Car Sales Last Wk
Recommend 16 Positive 23 Negative 16 |
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China's car market continued to cool down last week following the long holiday, which aligned with past trends, CLSA wrote in its research report. Affected by media reports of safety incidents involving XIAOMI-W (01810.HK)'s vehicles, some buyers opted to cancel orders with deposits, reducing the company's weekly car orders from an average of 5,500 units per week in September to about 4,000 units last week. In CLSA's opinion, XIAOMI-W may need to consider promotions and improve vehicle design to enhance safety in order to address negative consumer sentiment. AAStocks Financial News |
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