Xiaomi EV SU7’s pricing and pre-order above expectations; Raise TP to HK$22.19

M N 2 Apr 2024 CMB International Global Markets | Equity Research | Company Update Xiaomi (1810 HK) Xiaomi EV SU7’s pricing and pre-order above expectations; Raise TP to HK$22.19 Target Price HK$22.19 Xiaomi officially launched its SU 7 Series electric sedans on 28 Mar, which are (Previous TP HK$20.25) priced at RMB 215.9k/245.9k/299.9k for SU7/SU7 Pro/SU7 Max models. Its Up/Downside 48.6% competitive pricing strategy was well-received by the market, and the initial pre- Current Price HK$14.94 orders of 50k ...