Overview
- Xiaomi shares rallied in Hong Kong after Monday's figures showed April EV deliveries topped 30,000, a 50% rise from March.
- Founder Lei Jun said SU7 orders have exceeded 70,000, pointing to sustained demand for the new-generation sedan.
- To speed handovers, Xiaomi is phasing out some SU7 configurations after the launch window and offering time‑limited perks like low‑interest financing and bundled features.
- Cumulative deliveries reached 109,000 through April, which is about 20% of the 550,000 target for 2026 and implies monthly output must rise to above 55,000 for the rest of the year.
- Analysts, including Citi’s Kyna Wong, warn profits may stay tight due to customer subsidies, factory ramp costs and softer smartphone sales even as EV revenue grows.