Latest Tesla China Rival Xiaomi's First EV May Not Be So Cheap As Expected
Portfolio Pulse from Benzinga Neuro
Xiaomi Corporation's first EV, the Xiaomi SU7, is reported to have a top model priced at approximately $50,350. The pricing details, which range from $35,230 to $50,350 for different variants, are yet to be officially confirmed by Xiaomi. The company is known for its high-quality, affordable smartphones and is now entering the EV market, with the SU7 currently in trial production. Morgan Stanley analysts have a positive outlook on Xiaomi's entry into the EV sector.
January 30, 2024 | 6:26 am
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POSITIVE IMPACT
Xiaomi's reported entry into the EV market with the SU7, priced between $35,230 and $50,350, could influence investor perception of the company's growth potential in the automotive sector.
The news of Xiaomi's potential pricing for its first EV could be seen as a positive development, indicating the company's serious commitment to the EV market. This could attract investors who are optimistic about the EV sector and Xiaomi's ability to leverage its brand. However, the impact is moderate as the pricing is not officially confirmed and the market's reception of the product is yet to be seen.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80