Morgan Stanley believes the Xiaomi Mi 17 series will see strong sales thanks to its premium quality and excellent value, accelerating Xiaomi's market share gains in the high-end smartphone market. Analysts Andy Meng and others stated in a report that Xiaomi has launched a dedicated customization service for its electric vehicle business. While production will initially be limited to 40 vehicles per month, this service is expected to become a core competitive advantage. Once the new electric vehicle factory's utilization rate increases, this model is expected to be expanded to most models, helping Xiaomi maintain a robust new order flow. Maintain an Overweight rating on the stock.