Goldman Sachs holds a positive outlook on the demand for the 'Xiaomi YU7' and believes it has the potential to become one of the best-selling high-end new energy SUVs in China.
According to Zhitong Finance APP, Goldman Sachs released a research report stating that it has given Xiaomi Group-W (01810) a 'buy' rating, with a target price of 33.3 Hong Kong dollars.
The report indicates that, based on disclosed specifications, performance, and endurance support, Goldman Sachs holds a positive view on the demand prospects for the 'Xiaomi YU7' and believes it has the potential to become one of the best-selling high-end new energy SUVs in China.
The bank stated that since the launch of the first model, SU7, in March this year, its performance has exceeded initial expectations, continually solidifying its position as one of the best-selling high-end BEV cars, with an average monthly retail volume of 0.013 million units this year, on par with the Tesla Model 3, and since October 2024, the average monthly retail volume has exceeded 20,000 units.