Understanding the Market | Xiaomi Corporation-W fell over 4% in early trading, Lei Jun responded that the proportion of SU7 and SU7 Ultra switching to YU7 is less than 15%
Xiaomi Corporation-W fell over 4% in early trading, and as of the time of writing, it was down 4.32%, priced at HKD 57.55, with a transaction volume of HKD 7.078 billion. In terms of news, on July 2nd, Xiaomi founder, chairman, and CEO Lei Jun went live to address market concerns. In response to external doubts about a large number of "order transfers," he stated that the proportion of SU7 transfer orders to total YU7 orders is less than 15%, with the vast majority being new orders. Lei Jun also mentioned that due to the high number of domestic users in the queue, domestic deliveries will be prioritized over the next two years, and exports will not be considered until 2027. HSBC released a research report stating that YU7 orders far exceed expectations. The bank predicts that by September 2025, the cumulative delivery volume of YU7 will be approximately 50,000 units, and a normalized monthly shipment rate will be achieved in the fourth quarter of 2025. Therefore, HSBC has raised its YU7 shipment forecasts for 2025 to 2027 from 100,000, 247,000, and 349,000 to 110,000, 381,000, and 557,000, respectively, and has lowered the shipment forecasts for SU7 and SU7 Ultra due to strong demand for new models
According to the Zhitong Finance APP, Xiaomi Corporation-W (01810) fell over 4% in early trading, and as of the time of writing, it was down 4.32%, priced at HKD 57.55, with a transaction volume of HKD 7.078 billion.
In terms of news, on July 2, Xiaomi founder, chairman, and CEO Lei Jun held a live broadcast to address market concerns. In response to external doubts about a large number of "order transfers," he stated that the proportion of SU7 transfer orders to the total number of YU7 orders is less than 15%, and the vast majority are new orders. Lei Jun also mentioned that due to the high number of domestic queue users, domestic deliveries will be prioritized over the next two years, and exports will not be considered until 2027.
HSBC released a research report stating that Xiaomi's YU7 orders far exceed expectations. The bank predicts that by September 2025, the cumulative delivery volume of YU7 will be approximately 50,000 units, and a normalized monthly shipment rate will be achieved in the fourth quarter of 2025. Therefore, HSBC has raised its YU7 shipment forecasts for 2025 to 2027 from 100,000, 247,000, and 349,000 to 110,000, 381,000, and 557,000, respectively, and has lowered the shipment forecasts for SU7 and SU7 Ultra due to strong demand for new models
