Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: XIAOMI-W (01810.HK) YU7 Pre-Sales Beat Forecasts Greatly; Focus on Output Expansion
Recommend 21 Positive 35 Negative 14 |
||||
|
||||
|
XIAOMI-W (01810.HK)'s YU7 pre-sales greatly beat expectations, and output expansion is worth observing, UBS released a research report saying. Investors expected a pre-order volume of 200,000 to 300,000 units within 24 hours before the new car launch (RMB5,000 deposit, cancellable within 7 days for free), implying 2-3x of the 88,000 units of SU7 in March 2024, according to the broker's survey this week. The target was met 3 minutes after sales started, and reached 289,000 units within an hour. As demand far exceeded expectations, XIAOMI-W urgently needed to increase EV output. Therefore, the broker rated XIAOMI-W at Neutral, with a target price of $62. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
