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Lei Jun: Xiaomi SU7's Sales 3-5x Above Estimate
AASTOCKS2024-04-19 07:19
XIAOMI-W (01810.HK) -0.560 (-3.419%) Short selling $297.89M; Ratio 22.468% founder and chairman Lei Jun announced at a live streaming event on the 20th day of the Xiaomi SU7's launch that Xiaomi SU7's sales are 3-5 times above estimate, according to Chinese media report.
The official version of the Xiaomi SU7 was already available for pick-up in a number of places. Meanwhile, the original plan for delivery at the end of April was advanced to yesterday (18th).
As for whether there will be the launch of SUV, Lei Jun replied there is no such plan for the time being. Lei also responded to reports that some models of Xiaomi cars have low cost performance, saying that he has not heard of any pure electric sedan is profitable. In an industry with enormous losses, people should not talk about cost-effectiveness, Lei opined.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-18 16:25.)
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