In The Fast Lane: Xiaomi's First Car Is An EV With A Top Speed Of 165MPH
Portfolio Pulse from Rounak Jain
Xiaomi Corp. is entering the EV market with its first car, the Xiaomi SU7, set to begin mass production in December 2023. The EV will be produced by BAIC, feature two powertrain options, and use battery packs from BYD and CATL. The SU7 will have a top speed of 165MPH and include facial recognition and an active rear wing. Xiaomi's HyperOS will power the in-car system, and the series will include SU7, SU7 Pro, and SU7 Max, with deliveries starting in February 2024.
November 15, 2023 | 1:48 pm
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BAIC Motor Corp. is involved in the production of Xiaomi's first EV, the SU7, which could influence the company's production volume and revenue.
BAIC Motor Corp.'s role in producing the Xiaomi SU7 could lead to increased production volumes and revenue, which may be seen as a positive development by investors. The association with a tech giant like Xiaomi could also enhance BAIC's brand image and investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
BYD Co. Ltd. is supplying battery packs for Xiaomi's SU7, potentially impacting BYD's sales and market presence in the EV battery sector.
BYD Co. Ltd.'s involvement in providing battery packs for the Xiaomi SU7 could lead to an increase in sales and further solidify its position in the EV battery market. This partnership may be viewed as a strategic move, potentially benefiting BYD's stock in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Xiaomi Corp. is expanding into the EV market with the upcoming Xiaomi SU7, indicating a significant diversification of its product portfolio.
Xiaomi's entry into the EV market with the SU7 could potentially open up a new revenue stream and diversify its business, which is likely to be viewed positively by investors. The anticipation of a new product launch may drive investor interest and positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100