XIAOMI(HK:01810) Sou Hu Cai Jing·2026-01-28 00:48Core Viewpoint - Recent videos from used car dealers expressing dissatisfaction with Xiaomi's second-hand cars have sparked negative sentiment online, but Xiaomi executives, including Lei Jun, have countered these claims by highlighting the strong resale value of the Xiaomi SU7 model, which is reported to have an 80.1% resale rate according to the China Automobile Circulation Association's 2025 report [3][5]. Group 1: Resale Value and Market Position - The Xiaomi SU7 has achieved the highest one-year resale value among pure electric vehicles, reaching 86.05% according to the 2025 Annual Resale Value Report [8][10]. - The SU7's average second-hand price is reported at 207,000 yuan, which is higher than the Tesla Model 3's average of 201,000 yuan [11]. - The SU7's resale value is supported by strong demand, with dealers indicating that units are pre-ordered upon arrival, often without the need for active promotion [3][11]. Group 2: Market Dynamics and Pricing - The decline in second-hand prices for Xiaomi vehicles is acknowledged, attributed to increased production capacity and reduced delivery times, such as the YU7's delivery period being cut from 28 weeks to 14 weeks [11][12]. - The introduction of "immediate purchase" options for new vehicles, including display and slightly damaged cars, has created downward pressure on the second-hand market [12]. - The upcoming release of the next-generation SU7 in January 2026, which will feature significant upgrades but minimal price increases, is expected to further impact the value of the current model [12].