Xiaomi shares surge after new SUV gets 289,000 orders in an hour

On Thursday, the company composed the covers of 253,500 yuan ($ 35,360) YU7, which first appeared in its second car in the crowded EV market while wrestling with the scrutiny of driving technology with the help. Xiaomi made a better request than 289,000 requests at the first hour of its availability.

The founder of Xiaomi Lei Jun Tesla Head-on attacked a launch event on Thursday, as he accumulated his car in exchange for Y as compared to Mi devices with iPhone. The YU7 price is fully in line with analysts’ expectations – in less than 263,500 yuan for the latest version of Model Y, the most popular SUV in China. Tang L Suv sells from Byd, a little smaller than Yu7, ranges between 239,800 yuan and 289,800 yuan.

“We will face the largest competitor, and we also face fierce challenges from all other manufacturers,” Lee told Beijing.

Lei, who shot Bold Bold, relies on Apple Inc. In China, on EVS to take over Elon Musk and nourish the last chapter of his career in the field of entrepreneurship. Xiaomi has pushed into new squares of chips into Amnesty International cups, pledged to spend 200 billion yuan over the past five years to try to convert the Chinese company into a global driver.

The company started taking pre -orders on Thursday with a deposit of 5,000 yuan. In a sudden development, it was announced that the first Xiaomi buyer – SU7 Sedan – have been transferred to three days to switch to SUVs if they did not receive the original car. Xiaomi shortly after the event, which he processed more than 200,000 prior requests for YU7 within three minutes.

Goldman Sachs Group Inc. “The Yu7’s request for Xiaomi exceeds our expectations and the market, which should enable Xiaomi to unify its leadership position in the excellent car market in China.” They raised their target price on the share 6 % to $ 69 Hong Kong.

The upper style passes 329,900 yuan and can travel 760 km (470 miles) on one charge and accelerates to 100 km per hour in 3.23 seconds. It comes in 9 colors, all equipped with Lidar, which strengthens the driver’s help technology, and the 800 -volt fast charging platform. Many are distinguished by the touches and facilities now familiar to Chinese drivers, from large touches and massage heads to drawers.

The new model will be a major test for the demand for Xiaomi cars after a fatal accident that includes the SU7 that sparked the audit of the Chinese authorities and hammer orders.

Yu7 appears for the first time with increasing concerns of Chinese authorities about an extended price war. BYD and Xiaomi and more than ten other car manufacturers were warned of self-regulation and prevent the use of “Zero-Milege” cars to amplify sales numbers and push suppliers in time to improve the total cash flow of the entire supply chain.

Lei is still confident of the possibility of Xiaomi invasion of cars, and it expected the new model EV unit to help make profitability in the second half – one of the fastest brands that reach this landmark in the auto sector.

Investors have prepared for that vision and sending stocks north. Now it is worth about $ 200 billion, and it is larger than the BYD – the EV power that dominates the Chinese market – and SU7 has the superiority of Tesla Model 3 so far this year.

Beyond cars, an event on Thursday also offered a pair of 1999 black artificial intelligence glasses that can shoot video and answer visual questions; The Mix Flip 2, the new foldable Xiaomi phone; And a tablet uses the interior Xring O1 chip.