Xiaomi Stock Climbs 6.75% as New SU7 Orders Surpass 70,000 in Six Weeks

Xiaomi’s shares rallied 6.75% today after the company reported that orders for the new SU7 electric sedan have exceeded 70,000 units within just six weeks of its launch. This strong demand underscores the growing appeal of Xiaomi’s foray into the EV market, which has been marked by aggressive pricing and advanced tech features. The stock surge reflects investor confidence in Xiaomi’s ability to compete with established players like Tesla and BYD in China’s crowded EV landscape.

In response to the overwhelming demand, Xiaomi announced that starting May 6, it will streamline production by removing certain optional configurations from the new SU7. This move aims to optimize manufacturing efficiency and speed up deliveries to customers. By simplifying the build options, Xiaomi hopes to reduce complexity on the assembly line and better manage supply chain constraints, ensuring that the high volume of orders is fulfilled without delays.

The SU7, which was unveiled at the Beijing Auto Show, has been praised for its sleek design and competitive pricing. With over 70,000 orders in hand, Xiaomi is now focused on scaling up production to meet the demand while maintaining quality standards. The removal of some customization choices is seen as a practical step to boost throughput, a common strategy for automakers facing supply chain hurdles. Xiaomi’s latest moves signal its long-term commitment to becoming a major player in the electric vehicle industry.