Understanding the Market | Xiaomi Corporation-W opened 8% higher, reaching a new high. The first SUV, Xiaomi YU7, was officially released, with over 289,000 units reserved in one hour
Xiaomi Corporation-W opened 8% higher, reaching a historic high of HKD 61.45, with a transaction volume of HKD 1.835 billion. On June 26, Xiaomi launched its first SUV, the Xiaomi YU7, along with several new IoT products. Within 3 minutes of its release, YU7's pre-orders exceeded 200,000 units, and within an hour, it surpassed 289,000 units. Analysts believe that the orders exceeding expectations will help Xiaomi achieve its goal of 400,000 electric vehicle shipments this year, further boosting investor confidence
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) opened up 8%, reaching a historical high of HKD 61.45. As of the time of publication, it has risen 8%, priced at HKD 61.45, with a transaction volume of HKD 1.835 billion.
On the news front, on the evening of June 26, Xiaomi held a comprehensive ecosystem launch event for its vehicles and homes, introducing the Xiaomi YU7, Xiaomi AI glasses, and several new IoT products. This time, Xiaomi launched three models of the YU7: the standard version, Pro version, and Max version, with a starting price of RMB 253,500. After the event, Xiaomi Auto's Weibo update showed that the YU7 had surpassed 200,000 units in three minutes for large orders; in one hour, large orders exceeded 289,000 units. Citigroup stated that orders have exceeded most buyers' expectations and are likely to surpass the related expectations of southbound funds, which is positive for the stock price. Analysts Kyna Wong and others noted in their report that the orders for the YU7 are beneficial in achieving Citigroup's target of 400,000 electric vehicle shipments for Xiaomi this year, and further expansion plans for electric vehicle production capacity may boost investor confidence.
CICC's research report pointed out that the number of large orders for the YU7 exceeded expectations, and the launch of new products such as the first AI glasses is expected to continue to enhance brand momentum. Looking ahead, the firm is optimistic about Xiaomi's adherence to its four core strategies of "scale ecology + technological hardening + brand premiumization + global marketization." In the future, as the "comprehensive ecosystem of people, vehicles, and homes" continues to optimize and integrate at the user level and underlying systems, its important entry position in various hardware fields such as mobile phones, vehicles, IoT, AI glasses, and robots may be further highlighted
