Bank of America Securities: Xiaomi Corporation-WYU7 pricing is roughly in line with expectations, orders exceed SU7 target price of HKD 66
Bank of America Securities released a research report stating that Xiaomi Corporation-W recently held a "Full Ecosystem Launch Conference" focusing on the pricing of the YU7. The prices for the YU7, YU7 Pro, and YU7 Max are set at RMB 253,500, RMB 279,900, and RMB 329,900 respectively. The firm indicated that the pricing of the YU7 is roughly in line with expectations, although the price of the Max version is slightly higher than their expected range of RMB 250,000 to RMB 300,000, but it still performs better than the Tesla Model Y. Within one hour of the YU7's launch, over 289,000 orders were received, outperforming the SU7's first-day order volume of approximately 89,000 vehicles. The firm maintains a "Buy" rating based on strong momentum in electric vehicles and robust growth in smartphones and the Internet of Things; target price is HKD 66
According to the Zhitong Finance APP, Bank of America Securities released a research report stating that Xiaomi Corporation-W (01810) recently held a "Human-Vehicle-Home Ecosystem Launch Conference," where the market focused on the pricing of the YU7. The prices for the YU7, YU7 Pro, and YU7 Max are RMB 253,500, RMB 279,900, and RMB 329,900, respectively. The report indicated that the pricing of the YU7 is roughly in line with expectations, although the price of the Max version is slightly higher than the expected range of RMB 250,000 to RMB 300,000, but it still performs better than the Tesla Model Y. Within one hour of the YU7's launch, over 289,000 orders were received, outperforming the SU7's first-day order volume of approximately 89,000. The report maintains a "Buy" rating, based on strong momentum in electric vehicles and robust growth in smartphones and the Internet of Things; the target price is HKD 66
