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Lei Jun: XIAOMI-W Pours ~RMB30B in Car Making
Rumor spread that XIAOMI-W (01810.HK) has invested a total of about RMB10 billion to build its first electric vehicle, Xiaomi SU7, successfully. Group Chairman Lei Jun clarified th...
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Lei Jun: XIAOMI-W Pours ~RMB30B in Car Making
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Rumor spread that XIAOMI-W (01810.HK)  +2.250 (+6.618%)    Short selling $2.38B; Ratio 19.777%   has invested a total of about RMB10 billion to build its first electric vehicle, Xiaomi SU7, successfully. Group Chairman Lei Jun clarified that the company has so far invested an aggregate of more than RMB13 billion in R&D of automobile; and taking into account the costs of setting up stores and hiring staff, the company has pumped nearly RMB30 billion in its automobile business.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-03 16:25.)

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