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CNBC AI News – June 27th
Xiaomi is making waves again! Yesterday marked the official launch of its second vehicle, the YU7, with a starting price of RMB 253,500. The sales figures are nothing short of astonishing: in just three minutes, pre-orders surpassed 200,000 units, and within an hour, that number soared to 289,000.
The frenetic pace of sales has prompted observers to draw an apt comparison: Xiaomi is selling cars like smartphones.
The YU7’s explosive debut has undoubtedly injected significant positive momentum into Xiaomi. Today, the company’s shares responded in kind, experiencing a surge of over 5%. During trading hours, the stock’s performance was particularly noteworthy, breaching the HK$60 mark and reaching a peak of HK$61.45, establishing a new all-time high.
However, Xiaomi’s journey into automotive manufacturing has not been without its challenges. In early April, a high-speed collision and subsequent fire involving a Xiaomi SU7 triggered a wave of scrutiny. Consequently, the company’s stock price dipped, reaching a low of approximately HK$36.
In less than three months, Xiaomi has managed a remarkable recovery, pushing its stock to new heights. The company’s rebound demonstrates its resilience and potential, continuing to forge its own path in the competitive automotive market.
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Original article, Author: Tobias. If you wish to reprint this article, please indicate the source:https://aicnbc.com/3453.html
