Understanding the Market | Xiaomi Corporation-W opened 8% higher, reaching a new high. The first SUV, Xiaomi YU7, was officially released, with over 289,000 units reserved in one hour
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Xiaomi Corporation-W opened 8% higher, reaching a historic high of HKD 61.45, with a transaction volume of HKD 1.835 billion. On June 26, Xiaomi launched its first SUV, the Xiaomi YU7, along with several new IoT products. Within 3 minutes of its release, YU7's pre-orders exceeded 200,000 units, and within an hour, it surpassed 289,000 units. Analysts believe that the orders exceeding expectations will help Xiaomi achieve its goal of 400,000 electric vehicle shipments this year, further boosting investor confidence
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