Xiaomi Group-W rose more than 4% in the morning! The new generation SU7 will officially launch on March 19, with a pre-sale price increase of 14,000 yuan compared to the original SU7.

Xiaomi Group-W (01810) shares rose 4.08% in the morning, currently trading at HKD 34.68, with a turnover of HKD 3.378 billion.

Xiaomi Auto announced today that the new generation SU7 will be officially launched at 19:00 on March 19. It is reported that the new generation Xiaomi SU7 began pre-order in early January, with a pre-sale price of 229,900 to 309,900 yuan. Compared to the first-generation SU7, the new generation SU7’s pre-sale price has increased by 14,000 yuan.

Dongwu Securities pointed out that the company’s founder Lei Jun previously posted on social media that after the release of the new generation Xiaomi SU7, large-scale deliveries will begin. The firm is optimistic that the company will exceed its 26-year target of delivering 550,000 units. Additionally, the firm believes that the company’s mobile phone and AIoT business will continue to benefit from high-end and global expansion, while the automotive business will strengthen its market position through leading product appeal, supply chain management, and capacity deployment.

(Edited by: Song Zheng HN002)

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