Xiaomi Gains Access to EV Chargers of NIO, XPeng, Li Auto
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2024
0mins
Source: WSJ
Xiaomi's Electric Vehicle Expansion: Xiaomi will integrate its electric vehicles with the charging networks of competitors NIO, XPeng, and Li Auto, allowing access to over 29,000 charging stations across China.
Details on Charging Stations: The company announced that its cars can utilize more than 14,000 stations from NIO, 9,000 from XPeng, and 6,000 from Li Auto, but did not disclose further specifics about the agreements.
Analyst Views on WB
Wall Street analysts forecast WB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WB is 8.70 USD with a low forecast of 8.70 USD and a high forecast of 8.70 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 10.890
Low
8.70
Averages
8.70
High
8.70
Current: 10.890
Low
8.70
Averages
8.70
High
8.70
About WB
Weibo Corp is a China-based company mainly engaged in social media advertising business. The Company operates two segments. Advertising and Marketing segment mainly provides a full range of advertising customization and marketing solutions. Value-added Services segment mainly provides services such as membership services on social platforms, online games, live broadcasts, social e-commerce and others. The Company also engages in internet and other related businesses, including the provision of internet content and online game operations. The Company's users can create, discover, consume and share various formats of content, including text, photo, video, live streaming and audio on the Weibo platform. The Company's main product is the social platform Weibo.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
