XIAOMI-W (01810.HK) +2.050 (+3.603%) Short selling $3.22B; Ratio 11.218% 's sports passenger vehicle YU7 came off with flying colors, according to CLSA's research report.Positioned as a high-performance luxury SUV, the YU7 features advanced design, technology, driving experience, and safety. Its standard version is priced at RMB253,500, above market expectations. After the early bird period ends, the average selling price may reach RMB280,000-290,000.Related NewsM Stanley: XIAOMI-W YU7 Successful; TP HK$62; Overweight RecommendedDespite its higher price, the YU7 received 200,000 orders within the first three minutes of its launch and 289,000 orders within an hour. XIAOMI-W's electric vehicle (EV) delivery volume is likely to exceed CLSA's forecast of 400,000 and 600,000 units for 2025 and 2026, respectively. As prices increase, the GPM should continue rising.By leveraging its advantages in AI and autonomous driving technology, CLSA believes XIAOMI-W will become China's second-largest EV manufacturer.CLSA set its target price for XIAOMI-W at HKD69, with a rating of "High-Conviction Outperform".(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)Related NewsCiti Expects Positive Reaction to XIAOMI-W (01810.HK) Stock Price from YU7 Orders; Rating Buy