3 6 Ke·2024-04-02 23:42Core Viewpoint - Xiaomi's stock price surged over 16%, reaching a two-year high, with a market capitalization exceeding HKD 400 billion, driven by better-than-expected orders for its new electric vehicle, the SU7 [1][4]. Group 1: Stock Performance - Xiaomi's stock closed at HKD 16.28 per share, with an increase of 8.97%, resulting in a market value of HKD 406.18 billion [1]. - The stock experienced a trading volume of 540 million shares, with a price range between HKD 16.20 and HKD 17.34 [2]. Group 2: Market Sentiment and Analyst Predictions - Goldman Sachs raised its target price for Xiaomi from HKD 18.9 to HKD 20, citing record pre-orders for the SU7, which reached 89,000 units within 24 hours [5]. - Morgan Stanley and domestic brokerages expressed optimism about Xiaomi's electric vehicle business, with expectations of exceeding initial sales forecasts [5]. Group 3: Product Launch and Market Impact - The launch of the SU7 is compared to the introduction of the iPhone, with significant market interest and potential to disrupt the automotive industry [6][7]. - The first delivery ceremony for the SU7 is scheduled to take place at Xiaomi's factory in Beijing, with 28 delivery centers opening nationwide [9].