Understanding the Market | Zhejiang Shibao once surged over 12%, Xiaomi YU7 orders are booming, the company is a supplier for Xiaomi Automotive

ZHEJIANG SHIBAO once rose over 12%, and as of the time of publication, it is up 7.16%, priced at HKD 5.54, with a transaction volume of HKD 182 million. In terms of news, Xiaomi officially launched its first SUV, the Xiaomi YU7, last night, with a starting price of 253,500 yuan, the Pro version at 279,900 yuan, and the Max version at 329,900 yuan. Xiaomi Auto's official Weibo stated that the Xiaomi YU7 achieved over 200,000 units in three minutes of pre-orders; over 289,000 units in one hour of pre-orders. Cathay Securities believes that the sales of Xiaomi's new SUV are worth looking forward to, and the supply chain is expected to continue benefiting. Public information shows that ZHEJIANG SHIBAO previously stated on an interactive platform that the company is a supplier for Xiaomi Auto, currently mainly providing intermediate shaft products