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[Hong Kong Stock Connect] Xiaomi Group (01810) Lei Jun: The number of Xiaomi car locks exceeds 75,723 units and has delivered 5,781 units
Jinwu Financial News | At the opening of the 2024 Beijing Auto Show, Xiaomi Auto held a press conference. Lei Jun, Chairman of the Xiaomi Group (01810), delivered a speech. Lei Jun said that just 28 days have passed since the Xiaomi car press conference. As of last Saturday, orders for more than 70,000 vehicles have been locked. A lot has happened again in recent days. Tesla has cut all prices by 14,000, and friends have introduced policies to cut off our orders. However, he revealed that as of April 24, the number of locked orders had exceeded 75,723 units, and 5,781 units had been delivered 28 days after release.
Market Chatter: 1,500 Firms Display Products as Beijing Car Show Returns After Four-Year Hiatus
Over 1,500 automakers and parts manufacturers will be a part of the first Beijing Auto Show since 2020, Yicai Global reported Monday.
[Broker Focus] CMB International maintains Xiaomi (01810) purchase rating and is optimistic about its “human and car” intelligent ecosystem
Jinwu Financial News | According to CMB International, the bank participated in the 2024 Xiaomi Investor Day event hosted by Xiaomi Group (01810) in Beijing. The main summary points include: 1) The Xiaomi SU7 will deliver 100,000 vehicles for the whole year of 2024, and the delivery target will reach 10,000 vehicles in June. 2) The annual gross margin target for the Xiaomi SU7 NEV is 5-10%, which is better than the market's original expectations, mainly due to impressive sales momentum. 3) The Xiaomi car business is expected to reach break-even after the annual sales volume reaches 30-400,000 vehicles.
Trending Industry Today: SENSETIME-W Leads Gains In Weighted Voting Right Stocks
April 24th - The industry of $Weighted Voting Right Stocks(BK1255.HK)$ is trending higher today with 17 constituents up, 1 constituents down and SENSETIME-W leading Gains.$SENSETIME-W(00020.HK)$ surge
SU 7 is OK! Lei Jun “convinced” Wall Street
Citi raised the target price of Xiaomi from HK$19.6 to HK$21.9 and maintained a “buy” rating, increasing the adjusted EPS in 2024 by 25%. J.P. Morgan also continued to maintain Xiaomi's “overrated” rating and set the target price at HK$21.0.
Xiaomi May See Stronger Earnings on Better-Than-Expected EV Business -- Market Talk
0258 GMT - Xiaomi's better-than-expected electric-vehicle business may support the company's earnings over 2024-2026, Citi analysts write in a note. Xiaomi's management told investors Tuesday that the
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