Xiaomi Jumps as Investors Cheer Early Signs of EV Success

Bloomberg2024-04-02

Firm received orders of nearly 90,000 units within 24 hoursManufacturing capability ramp-up will come to focus: GSXiaomi’s SU7 electric vehicle.Xiaomi Corp. surged in Hong Kong as orders for its first...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1111001277?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-02 10:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111001277","market":"hk","top_or_hot":-1,"title":"Xiaomi Jumps as Investors Cheer Early Signs of EV Success","media":"Bloomberg","content":"<div>\n<p>Firm received orders of nearly 90,000 units within 24 hoursManufacturing capability ramp-up will come to focus: GSXiaomi’s SU7 electric vehicle.Xiaomi Corp. surged in Hong Kong as orders for its first...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-02/xiaomi-jumps-as-investors-cheer-early-signs-of-ev-success?srnd=homepage-americas\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xiaomi Jumps as Investors Cheer Early Signs of EV Success</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi Jumps as Investors Cheer Early Signs of EV Success\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-02 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-02/xiaomi-jumps-as-investors-cheer-early-signs-of-ev-success?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Firm received orders of nearly 90,000 units within 24 hoursManufacturing capability ramp-up will come to focus: GSXiaomi’s SU7 electric vehicle.Xiaomi Corp. surged in Hong Kong as orders for its first...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-02/xiaomi-jumps-as-investors-cheer-early-signs-of-ev-success?srnd=homepage-americas\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01810","symbol_name":"小米集团-W","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-04-02/xiaomi-jumps-as-investors-cheer-early-signs-of-ev-success?srnd=homepage-americas","article_id":"1111001277","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1584095487587","url":"https://www.bloomberg.com/news/articles/2024-04-02/xiaomi-jumps-as-investors-cheer-early-signs-of-ev-success?srnd=homepage-americas","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1111001277","pubTimestamp":1712024400,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Firm received orders of nearly 90,000 units within 24 hoursManufacturing capability ramp-up will come to focus: GSXiaomi’s SU7 electric vehicle.Xiaomi Corp. surged in Hong Kong as orders for its first","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"01810":"小米集团-W"},"translate_title":"投资者欢呼电动汽车成功的早期迹象，小米跃升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01810":1.1},"content_text":"Firm received orders of nearly 90,000 units within 24 hoursManufacturing capability ramp-up will come to focus: GSXiaomi’s SU7 electric vehicle.Xiaomi Corp. surged in Hong Kong as orders for its first electric vehicle topped estimates, fueling optimism the smartphone maker may succeed in China’s cutthroat car market.Shares rose as much as 16% in the first day of trading since Beijing-based Xiaomi kicked off sales of its cars. The company said it received orders of nearly 90,000 units within the first 24 hours.Analysts said orders for Xiaomi’s SU7 came in stronger than expected, and may put it on par with Tesla Inc.’s Model 3 as one of the best-selling premium EV sedans in China. Goldman Sachs Group Inc. projected that orders may reach 100,000 this year, while Citigroup Inc. estimated full-year sales at around 55,000-70,000 units. One question is how quickly Xiaomi will be able to manufacture and deliver the vehicles.Xiaomi’s SU7 electric vehicle on display at one of the company’s store in Shanghai in March.“Manufacturing capability ramp-up, on the other hand, will likely become the top focus over the next couple of months,” Goldman Sachs analysts including Timothy Zhao wrote in a note. “The average waiting time for the SU7 has extended to 18-21 weeks as of late compared to 5-8 weeks initially.”The global EV market, once a booming sector with vast subsidy-assisted opportunity, has turned into a highly competitive arena. China’s electrified-car market is projected to slow for a second year, with a key industry body predicting sales growth in 2024 to drop to 25% from 36% last year and 96% in 2022.Xiaomi’s strong entry may pose a threat to its more established peers. Carmakers including XPeng Inc. and BYD Co. may follow with pricing adjustments to keep up with the competition, Citigroup analysts including Jeff Chung said.XPeng fell as much as 9% in Hong Kong, while BYD rose 2.9%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1111001277","isCrawlerRequest":true}