Understanding the Market | Xiaomi Corporation-W fell over 4% as the Xiaomi 17 series smartphones were officially released, starting at a price of 4,499 yuan
Xiaomi Corporation-W fell over 5% after the press conference, as of the time of writing, down 4.04%, priced at HKD 57, with a transaction volume of HKD 5.113 billion. In terms of news, on the evening of September 25th, the new Xiaomi 17 series smartphones were launched, starting at RMB 4,499; the Xiaomi 17 Pro series smartphones, starting at RMB 4,999; and the Xiaomi 17 Pro Max series smartphones, starting at RMB 5,999. The Xiaomi 17 series globally debuted the fifth-generation Snapdragon 8 Supreme version. Lei Jun stated that the battery capacity of the Xiaomi 17 is twice that of the iPhone 17, surpassing all models of the iPhone 17. Regarding the pricing of the Xiaomi 17 series smartphones, Lei Jun mentioned, "The Xiaomi 17 Pro is only 500 more expensive than the standard version, compared to the iPhone 17 Pro, we are still 'quite strong', a full RMB 4,000 cheaper." Additionally, when discussing chip manufacturing, Lei Jun stated that chips are a necessary path for Xiaomi's success, and that self-developed mobile SoCs must be pursued for at least 10 years with an investment of at least RMB 50 billion. In terms of specific vehicle manufacturing, regarding the newly launched SUV model YU7, Lei Jun revealed that since the Xiaomi YU7 began deliveries on July 6th, over 40,000 units have been delivered
According to the Zhitong Finance APP, Xiaomi Corporation-W (01810) fell over 4% after the press conference, and as of the time of writing, it has dropped 4.04%, trading at HKD 57, with a transaction volume of HKD 5.113 billion.
In terms of news, on the evening of September 25, the new Xiaomi 17 series smartphones were launched, with a starting price of RMB 4,499; the Xiaomi 17 Pro series smartphones starting at RMB 4,999; and the Xiaomi 17 Pro Max series smartphones starting at RMB 5,999. The Xiaomi 17 series globally debuted the fifth-generation Snapdragon 8 Supreme Edition. Lei Jun stated that the battery capacity of the Xiaomi 17 is twice that of the iPhone 17, surpassing all models of the iPhone 17. Regarding the pricing of the Xiaomi 17 series smartphones, Lei Jun mentioned, "The Xiaomi 17 Pro is only 500 more expensive than the standard version, and compared to the iPhone 17 Pro, we are still 'quite strong', being 4,000 cheaper."
Additionally, when discussing chip manufacturing, Lei Jun stated that chips are an essential path for Xiaomi's success, and that self-developed mobile SoCs must be pursued for at least 10 years with an investment of at least RMB 50 billion. In terms of specific vehicle manufacturing, regarding the newly launched SUV model YU7, Lei Jun revealed that since the delivery began on July 6, over 40,000 units of the Xiaomi YU7 have been delivered
