Xiaomi-W Shares Surge Over 8% in Morning Trading as Vehicle Unit Reports Strong April Deliveries

Stock News10:03

Xiaomi Group-W (01810) saw its shares rise more than 8% during morning trading. At the time of writing, the stock was up 8.34%, trading at HK$31.44, with a turnover of HK$1.784 billion. On the news front, Xiaomi's automotive division announced on May 1 that its vehicle deliveries for April exceeded 30,000 units, marking a month-on-month increase of 50% and setting a new annual high for growth rate. Cumulative deliveries for the first four months of 2024 reached 109,000 units, representing an 11% year-on-year increase. On May 2, Lei Jun, Founder, Chairman, and CEO of Xiaomi, revealed that orders for the new-generation SU7 have surpassed 70,000 units.

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