Latest news with #SU7EV
Daily Tribune
28-06-2025
- Automotive
- Daily Tribune
Xiaomi receives almost 300,000 SUV pre-orders in minutes
hinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a "miraculous" moment for the industry. Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. "My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lockin orders," Lei said in a video distributed after the vehicle's launch on Thursday night. "We may be witnessing a miracle in China's automotive industry." The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales. Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high. The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption. Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students. Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a "major consumption powerhouse", emphasising policies to stimulate demand for high-value goods such as electric vehicles.
Daily Express
28-06-2025
- Automotive
- Daily Express
China's Xiaomi receives almost 300,000 SUV pre-orders in minutes
Published on: Saturday, June 28, 2025 Published on: Sat, Jun 28, 2025 By: AFP Text Size: Lei Jun, co-founder and CEO of Xiaomi, speaks during the launch of the Xiaomi YU7 SUV car in Beijing on May 22. BEIJING: Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a 'miraculous' moment for the industry. Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. 'My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lock-in orders,' Lei said in a video distributed after the vehicle's launch on Thursday night. 'We may be witnessing a miracle in China's automotive industry.' The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales. Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high. The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption. Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students. Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a 'major consumption powerhouse', emphasising policies to stimulate demand for high-value goods such as electric vehicles.
The Sun
27-06-2025
- Automotive
- The Sun
Xiaomi SUV pre-orders hit 300,000 in minutes, shares soar
BEIJING: Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a 'miraculous' moment for the industry. Lei Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. 'My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lock-in orders,' Lei said in a video distributed after the vehicle's launch on Thursday night. 'We may be witnessing a miracle in China's automotive industry.' The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales. Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high. The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption. Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students. Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a 'major consumption powerhouse', emphasising policies to stimulate demand for high-value goods such as electric vehicles.
Economic Times
27-06-2025
- Automotive
- Economic Times
China's Xiaomi receives almost 300,000 SUV pre-orders in minutes
Reuters Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility vehicles in what the company said was a "miraculous" moment for the Jun, founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. "My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lock-in orders," Lei said in a video distributed after the vehicle's launch on Thursday night. "We may be witnessing a miracle in China's automotive industry."The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a "major consumption powerhouse", emphasising policies to stimulate demand for high-value goods such as electric vehicles. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Malaysian Reserve
27-06-2025
- Automotive
- Malaysian Reserve
China's Xiaomi receives almost 300,000 SUV pre-orders in minutes
EIJING — Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sports utility vehicles in what the company said was a 'miraculous' moment for the industry. Lei Jun (picture), founder and CEO of the electronics-turned-car company, said he was astonished by the reaction from customers. 'My goodness, in just two minutes, we received 196,000 paid pre-orders and 128,000 lock-in orders,' Lei said in a video distributed after the vehicle's launch on Thursday night. 'We may be witnessing a miracle in China's automotive industry.' The company's electric vehicle division said later on its official Weibo account that there had been 289,000 pre-orders for the five-seater YU7, priced from 253,500 yuan (about $35,000), within the first hour of sales. Xiaomi shares soared eight percent to a record high in Hong Kong after the surge of early orders. The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption. Initial enthusiasm for intelligent driving features in such vehicles was tempered by the fatal crash of a Xiaomi SU7 in March. The vehicle had been in assisted driving mode just before it crashed, killing three students. Premier Li Qiang used the World Economic Forum in Tianjin this week to outline China's ambition to become a 'major consumption powerhouse', emphasising policies to stimulate demand for high-value goods such as electric vehicles. — AFP
