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<Research>HSBC Research Adds XIAOMI-W's TP to HKD80.4; YU7 Orders Far Above Forecasts
Recommend 18 Positive 38 Negative 16 |
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After its specs and pricing were revealed, XIAOMI-W (01810.HK)'s first electric SUV, the YU7, has received a strong order response that far exceeded market expectations and competing models (20,000 orders for AITO M8) over the same time period, according to a report from HSBC Global Research. In HSBC Global Research's estimates, the cumulative deliveries of the YU7 will reach around 50,000 units by September 2025, and a normalized monthly shipment rate (over 20,000 units/month) will be achieved by 4Q25. Consequently, the broker has lifted its 2025-27 shipment forecasts for the YU7 from 100,000/ 247,000/ 349,000 units to 110,000/ 381,000/ 557,000 units, while lowering its shipment forecasts for the SU7 and the SU7 Ultra due to vigorous demand for the new model. HSBC Global Research added its target price for XIAOMI-W from HKD76.6 to HKD80.4, with the Buy rating remaining in place. AAStocks Financial News |
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