$XIAOMI-W(01810)$  1. As the first car of the Xiaomi automobile brand, Xiaomi SU7 has achieved "delivery as soon as it is released, and volume increases as soon as it is delivered". It has reached a monthly delivery level of 10,000 units in 3 months, and is expected to deliver more than 100,000 units in November 2024, and a total of more than 120,000 units in 2024 (actually expected to be higher), far ahead of the same period level after the first car of other new car-making forces started delivery.

2. It is extremely difficult for the first car of a new car brand to succeed, because in addition to obtaining user orders, it is also necessary to manage an extremely complex automobile supply chain, factory production and sales and service system. The cumulative delivery volume of the first car of most new car-making forces in the first 9 months did not exceed 20,000 units, only a few car manufacturers could approach 40,000 units, and none of them could deliver more than 10,000 units in a single month.

3. Admittedly, unlike the era environment when other new forces released their first cars, the situation when Xiaomi SU7 was delivered was still extremely severe. As a latecomer, SU7 has enjoyed the dividends of a more mature and complete electric vehicle industry chain, including lower component prices (such as lithium carbonate); however, the fierce competition faced by SU7 is unprecedented and unimaginable when other new forces released their first cars. Before the release of SU7, many capital markets and industry insiders believed that the monthly sales would only be at the level of 3,000-5,000 units.$ProShares UltraPro QQQ(TQQQ)$ $ProShares UltraPro Short QQQ(SQQQ)$   

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