4月23日，小米创始人兼CEO雷军在小米投资者大会上透露，锁单量超过7万辆，今年交付目标10万辆。11月雷军在微博发文称，SU7已交付超过10万辆，提前完成全年目标，并向新的目标13万辆冲刺。本月初小米汽车公布，11月SU7连续第二个月交付超过2万台，对达成全年超过 13 万台的新交付目标充满信心。This year, XIAOMI's stock price performance surpasses other Global Electric Vehicle companies due to its unexpectedly rapid rise in the China Electric Vehicle market. Investors hope to see XIAOMI achieve a similar development trajectory based on its success with Smart Phones. The first SUV YU7, which XIAOMI plans to launch in the summer of next year, is expected to initiate the next wave of stock price growth.
$XIAOMI-W (01810.HK)$ This Friday, the stock price followed the Large Cap and fell about 0.8%. Although it temporarily left behind the high point created on January 20, 2021, it has significantly increased by about 101% since the beginning of this year, and is only 11% short of the closing historical high created on January 5, 2021.
The significant rise in Xiaomi's stock price this year is closely linked to the anticipated boost from its new Business, Electric Vehicles. Xiaomi's first Electric Vehicle, the SU7, was launched in March this year, with the first deliveries on April 3, achieving impressive sales results.
On April 23, Xiaomi's founder and CEO Lei Jun revealed at the Xiaomi Investor Conference that the order volume exceeded 0.07 million vehicles, with a delivery target of 0.1 million vehicles for this year. In November, Lei Jun posted on Weibo that the SU7 had delivered over 0.1 million vehicles, achieving the annual target ahead of schedule, and was sprinting towards a new target of 0.13 million vehicles. Earlier this month, Xiaomi Auto announced that in November, the SU7 had delivered over 0.02 million units for the second consecutive month, and they are confident of achieving the new delivery goal of over 0.13 million units for the year.
According to Bloomberg, the reason Xiaomi's stock performance this year has been able to surpass that of other global Electric Vehicle companies is due to the unexpectedly rapid rise in China's Electric Vehicle market, challenging industry leaders BYD and Tesla. Investors hope to see Xiaomi achieve a similar development trajectory as with its Smart Phone success, having grown into a company that can compete with Apple and Samsung a few years after launching its first Smart Phone in 2011.
Reports mention that Institutions have stated, "Xiaomi is a dark horse". When Lei Jun initially announced entering the Electric Vehicle market and invested 10 billion dollars, the stock price was severely undervalued, and almost no one believed Xiaomi could truly succeed in the fiercely competitive Electric Vehicle industry.
The report also pointed out that XIAOMI-W may be preparing to launch its next all-electric SUV next summer, and the stock price could see another significant rise. Analyst Steven Tseng from Bloomberg Industry Research is also Bullish on XIAOMI-W's new model, forecasting that it could "drive a 137% increase in Electric Vehicles sales by 2025, as large vehicles are very popular in China, and XIAOMI-W's second Electric Vehicles factory's production capacity will also increase."
The report also predicts that next year, XIAOMI-W's Electric Vehicles Business may surpass Smart Phone, becoming the company's main sales driver.
This Monday, XIAOMI-W's Autos first unveiled images of its second electric vehicle model, the first electric SUV YU7, and officially announced it is expected to launch in June or July next year. Lei Jun stated on Monday that the reason for revealing YU7 so early is that XIAOMI-W hopes to remove the heavy camouflage from the YU7 test car as soon as possible, which will help the company conduct more comprehensive and detailed long-term large-scale testing to ensure product quality and create better products.
On the same day, the Ministry of Industry and Information Technology released the 390th batch of the "Announcement of Road Motor Vehicle Production Enterprises and Products," in which XIAOMI-W's SUV model revealed detailed parameters for the first time. The information disclosed by the Ministry of Industry and Information Technology shows that the new product submitted by XIAOMI-W is a New energy Fund vehicle named all-electric multi-purpose Passenger Vehicle, this new vehicle is 4999mm long, 1996mm wide, 1600mm high, with a wheelbase of 3000mm and a total vehicle weight of 2855 kg. The vehicle uses ternary lithium-ion Battery and has a peak power of the driving Electric Machine of 220kW/288kW.
Lei Jun stated on Monday that the reason for revealing YU7 so early is that XIAOMI-W hopes to remove the heavy camouflage from the YU7 test car as soon as possible, which will help the company conduct more comprehensive and detailed long-term large-scale testing to ensure product quality and create better products.
Goldman Sachs's recent report is Bullish on the demand prospects for YU7, arguing that given the strong sales of SU7 far exceeding expectations, YU7 has advantages over similar SUV models in terms of size, power system, and range, and has the potential to become one of the best-selling high-end New energy Fund SUVs in China. Additionally, SU7 and YU7 share XIAOMI-W's manufacturing platform, which is expected to improve the Autos Business gross margin.
Editor/Somer
