Xiaomi EV Boosts Production To Cut Xiaomi SU7 Waiting Times; Targets Over 100,000 Deliveries In 2024
Portfolio Pulse from Nabaparna Bhattacharya
Xiaomi EV, the car-making unit of Xiaomi Corp., is ramping up production to reduce waiting times for its Xiaomi SU7 model. The company has initiated double-shift production and aims to deliver over 100,000 units in 2024. Current orders face a 30-week delivery wait, but lead times are expected to reduce by up to five weeks.
July 02, 2024 | 11:48 am
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POSITIVE IMPACT
Xiaomi EV's production ramp-up for the Xiaomi SU7 is expected to reduce waiting times and meet high demand, potentially increasing revenues and market confidence.
The production increase and reduced waiting times for the Xiaomi SU7 suggest strong demand and the company's capability to fulfill it, likely leading to higher revenues and positive market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Xiaomi EV is increasing production capacity to reduce waiting times for the Xiaomi SU7, aiming for over 100,000 deliveries in 2024. This move is likely to boost revenues and market confidence.
The increase in production capacity and reduction in waiting times for the Xiaomi SU7 is a positive development for Xiaomi Corp. It indicates strong demand and the company's ability to meet it, which should boost revenues and investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80