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Lu Weibing Confident but Acknowledges Challenges in Delivering 130K Xiaomi Cars This Yr
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Regarding the production capacity issues of Xiaomi Automobile, Lu Weibing, President of XIAOMI-W (01810.HK), said at the group's 3Q results meeting that Xiaomi Automobile has adjusted its full-year delivery target from the original 120,000 to 130,000 units, and while reaching this target will hit impasse, he is still confident in doing so, Chinese media reported. Lu also revealed that there is still room for future production capacity, and he hopes that monthly deliveries can exceed 20,000 units in the future. Currently, the order backlog for the Xiaomi SU7 is substantial. Although the delivery cycle has been shortened from the previous 25 weeks to around 20 weeks, it will remain around 20 weeks for the future due to the large number of new orders. AAStocks Financial News |
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