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<Research>Citi: XIAOMI-W (01810.HK) Apr EV Deliveries Exceed 30K Units; Rating Buy
Recommend
22
Positive
43
Negative
14
XIAOMI-W (01810.HK) delivered more than 30,000 EVs in April, representing MoM growth of about 50%, Citi Research published a research report saying. Delivery time for the YU7 base model remained at 7-10 weeks, while the delivery time for Max model shortened to 4-7 weeks.

For the new SU7, delivery time for its base model extended to 8-11 weeks, while the Max model shortened to 9-12 weeks. Since launch, locked orders for the new SU7 have exceeded 70,000 units.

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Therefore, Citi Research kept rating at Buy on XIAOMI-W, with a target price of $37.
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