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2026-11-02 11:51:33 XIAOMI-W (01810.HK), covered by Citi in a report, announced EV deliveries of more than 50,000 units in October. After the 3Q26 earnings preview, the share price was estimated to remain stable in the near term (with 3Q26 potentially being the weakest quarter of the year), while also offering another attractive buying opportunity and serving as a defensive play amid a pullback in AI sentiment. Delivery lead times for YU7 have now shortened to 4-7 weeks (extended), applicable to the base, long-range, Pro, Max and GT versions, the broker noted. Delivery lead times for the new SU7 are 4-7 weeks for the base and Max versions, while the Pro version is 5-8 weeks (mixed). The Ultra version is only available for delivery in April-May 2027 (extended). Delivery lead times for SKYNOMAD are 4-7 weeks, while the Explorer version is 7-10 weeks. More than 70,000 locked-in orders were recorded within one month after the official launch of SKYNOMAD. Deliveries reached 12,400 units in September. Overall, EV deliveries exceeded 336,500 units from January to September, equivalent to 75% and 83% of the company's and the bank's 2026 delivery targets of 450,000 units and 407,000 units, respectively. Citi maintained its Buy rating on XIAOMI-W with a TP of HKD33.2. ~ AASTOCKS Financial News Website: www.aastocks.com | |