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<Research>UBS: XIAOMI-W (01810.HK) YU7 Pre-Sales Beat Forecasts Greatly; Focus on Output Expansion
XIAOMI-W (01810.HK)'s YU7 pre-sales greatly beat expectations, and output expansion is worth observing, UBS released a research report saying. Investors expected a pre-order vo...
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<Research>UBS: XIAOMI-W (01810.HK) YU7 Pre-Sales Beat Forecasts Greatly; Focus on Output Expansion
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XIAOMI-W (01810.HK)  +2.050 (+3.603%)    Short selling $3.22B; Ratio 11.218%   's YU7 pre-sales greatly beat expectations, and output expansion is worth observing, UBS released a research report saying.

Investors expected a pre-order volume of 200,000 to 300,000 units within 24 hours before the new car launch (RMB5,000 deposit, cancellable within 7 days for free), implying 2-3x of the 88,000 units of SU7 in March 2024, according to the broker's survey this week. The target was met 3 minutes after sales started, and reached 289,000 units within an hour.

Related NewsDaiwa Lifts XIAOMI-W (01810.HK) TP to $78 as IoT Premiumization to Drive LT Growth
As demand far exceeded expectations, XIAOMI-W urgently needed to increase EV output. Therefore, the broker rated XIAOMI-W at Neutral, with a target price of $62.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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