Riva, CamilloWang, Gates2025-08-062025-08-062025-01-242024-12-17http://hdl.handle.net/10362/186116Since its entry into the smartphone market, Xiaomi rapidly positioned itself as a leader in the low-cost, high-value segment. Leveraging its ability to deliver feature-rich products at competitive prices and innovate at exceptional speed, the company expanded its footprint into the smart home devices industry and established a centralized ecosystem where all devices seamlessly integrate. Now, Xiaomi is undertaking an even bolder initiative by entering the highly competitive yet rapidly growing electric vehicle market in China. The aim of this equity research is to assess whether Xiaomi can replicate its historical success in this segment. Using a combination of analysis, forecasting and valuation methods, we evaluate the impact of this new venture on its stock price, following the release of its first EVs.engSmartphonesInternet of ThingsElectric vehiclesEquity Researchmaster thesis203961757