Xiaomi unveiled its first SUV at a press conference on Thursday, which will exceed 200,000 units within three minutes of going on sale. Citi claims that the order has exceeded the expectations of most buyers and is likely to exceed the expectations related to Southbound Capital, which is beneficial to the stock price. Analyst Kyna Wong and others said in the report that the YU7 order will help achieve Citi's target of 400,000 electric vehicle shipments this year, and further plans to expand electric vehicle production capacity may boost investor confidence. The next catalyst is the 2025 second quarter results or third quarter results guidance. In addition, analyst Jeff Chung and others reported that without considering production capacity restrictions, YU could sell 60,000 to 80,000 units in July, which is expected to significantly increase the visibility of the profit margin of the electric vehicle business. The launch of the YU7 is beneficial to Xiaomi, followed by Hesai Technology/Ningde Time/Nvidia; while it is bad for Tesla/Xiaopeng Motors, the ideal car is slightly pressured.

Xiaomi unveiled its first SUV at a press conference on Thursday, which will exceed 200,000 units within three minutes of going on sale. Citi claims that the order has exceeded the expectations of most buyers and is likely to exceed the expectations related to Southbound Capital, which is beneficial to the stock price. Analyst Kyna Wong and others said in the report that the YU7 order will help achieve Citi's target of 400,000 electric vehicle shipments this year, and further plans to expand electric vehicle production capacity may boost investor confidence. The next catalyst is the 2025 second quarter results or third quarter results guidance. In addition, analyst Jeff Chung and others reported that without considering production capacity restrictions, YU could sell 60,000 to 80,000 units in July, which is expected to significantly increase the visibility of the profit margin of the electric vehicle business. The launch of the YU7 is beneficial to Xiaomi, followed by Hesai Technology/Ningde Time/Nvidia; while it is bad for Tesla/Xiaopeng Motors, the ideal car is slightly pressured.