Goldman Sachs: Raises Xiaomi Group-W target price to HK $69 to consolidate its leadership position in China's high-end auto market through YU7

智通财经06-27

Goldman Sachs believes that consumer demand for Xiaomi YU7 far exceeds the expectations of the bank and the market, which should consolidate Xiaomi's leading position in China's high-end auto market. Goldman Sachs released a research report saying that Xiaomi Group-W (01810) officially released the highly anticipated YU7. The order volume reached 200,000 in the first 3 minutes after the sales started (of which more than 122,000 orders have been confirmed), and reached 289,000 within the first hour. Although the order deposit of RMB 5,000 (the same below) is refundable within 7 days (consistent with when SU7 was released), and the order includes a small part converted from SU7 outstanding orders, it is still believed that consumers are interested in Xiaomi...

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