Xiaomi Group-W Shares Climb Over 3% as Next-Generation SU7 Launch Set for March 19

Stock News11:34

Xiaomi Group-W (01810) rose more than 3%, reaching HK$34.44 at the time of writing, with a trading volume of HK$3.041 billion. The company's automotive division announced that the new-generation SU7 will officially launch on March 19 at 19:00. Pre-orders for the vehicle began in early January, with a pre-sale price range of RMB 229,900 to RMB 309,900—an increase of RMB 14,000 compared to the first-generation model. Founder Lei Jun previously stated on social media that large-scale deliveries of the new SU7 will commence after its release. Analysts are optimistic that the company will exceed its 2026 delivery target of 550,000 vehicles. Additionally, the company's smartphone and AIoT businesses are expected to continue benefiting from its premium and global expansion strategies, while its automotive segment is projected to strengthen its market position through strong product appeal, supply chain management, and production capacity deployment.

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