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Lei Jun: Xiaomi Auto to Address Domestic Delivery Issues First; Export Consideration by 2027
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There are too many people queuing up for Xiaomi cars in Mainland China at the moment, Lei Jun, founder, chairman, and CEO of XIAOMI-W (01810.HK), revealed in a live broadcast. Therefore, the priority for the next two years is to resolve domestic delivery issues, and export will probably be considered in 2027. On market skepticism, Lei responded that orders for Xiaomi SU7 and SU7 Ultra converted to YU7 account for less than 15% of the total YU7 orders, and not all SU7 users are buying YU7. YU7 reportedly received over 240,000 locked orders within less than a day of its release. However, as production capacity has not yet met robust demand, only a small number of YU7 cars can be delivered immediately, leading to extended delivery times for new YU7 cars, causing customer complaints and refund requests. AASTOCKS Financial News Website: www.aastocks.com |
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