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Xiaomi ADR Jumps ~10% as YU7, Priced from RMB253.5K, Receives 289K+ Orders in 1 Hr of Sale
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Xiaomi (XIACY.US) (01810.HK) was hyped up by 9.9% overnight to a close of USD39.48. The company's luxury high-performance SUV Xiaomi YU7 has been officially launched. It comes in three versions, among which the standard version is priced at RMB253,500, RMB10,000 cheaper than Tesla's Model Y. The Pro and Max versions are priced at RMB279,900 and RMB329,900, respectively. This new model offers nine different color options. Buyers can configure the YU7 via the Xiaomi Auto app or WeChat mini-program. Within one hour of configuration starting, the YU7 received more than 289,000 orders. AAStocks Financial News |
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