According to a report from Citi, XIAOMI-W (01810.HK) launched its electric vehicle YU7 yesterday (26th) with pricing in line with expectations. Among all the versions, the YU7 Pro is likely the most attractive model, priced only RMB26,000 higher than the standard version but equipped with air suspension and all-wheel drive.
Given the YU7's strong order performance, if there are no production capacity constraints, the broker estimated that the vehicle's mature monthly sales could reach 60,000-80,000 units, which would greatly enhance the profit margin visibility of XIAOMI-W's electric vehicle business.
In addition to its positive impact on XIAOMI-W, the YU7 will also benefit related suppliers such as CATL (03750.HK) and Nvidia (NVDA.US). In contrast, Tesla (TSLA.US) and XPENG-W (09868.HK) will be negatively impacted, while LI AUTO-W (02015.HK) will also experience a slightly negative impact.
Citi predicted Tesla, as a major competitor, to further cut car prices. Meanwhile, with the YU7 drawing more attention, the XPeng G7's price may also be lowered to RMB210,000 to maintain competitiveness and attract more interest.
~
AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| XIAOMI (C) |
15288 |
80.93 (-) |
0.086 |
4.4 X |
| XIAOMI (C) |
15359 |
63.93 (-) |
0.124 |
4.6 X |
| XIAOMI (C) |
14470 |
61 (-) |
0.133 |
4.7 X |
| XIAOMI (P) |
14219 |
46.45 (-) |
0.080 |
3.1 X |
| XIAOMI (P) |
16080 |
38.53 (-) |
0.041 |
3.4 X |
| XIAOMI (Bull) |
69255 |
53.1 (53.5) |
0.065 |
9.1 X |
| XIAOMI (Bull) |
64242 |
51.1 (51.5) |
0.083 |
7.1 X |
| XIAOMI (Bear) |
57741 |
66.9 (66.5) |
0.070 |
8.4 X |
| XIAOMI (Bear) |
57008 |
63.9 (63.5) |
0.046 |
12.8 X |
| LI (C) |
17186 |
138.98 (-) |
0.145 |
3.4 X |
| LI (Bull) |
57197 |
89.4 (93.4) |
0.047 |
4.7 X |
| LI (Bull) |
55164 |
80.9 (84.9) |
0.065 |
3.4 X |
| LI (Bear) |
54688 |
144 (140) |
0.063 |
3.5 X |
| CATL (C) |
16834 |
428.2 (-) |
0.105 |
6.9 X |
| CATL (C) |
16741 |
375 (-) |
0.177 |
6.6 X |
| CATL (C) |
16740 |
348 (-) |
0.260 |
5.9 X |
| XPENG (C) |
14703 |
106.16 (-) |
0.040 |
4.6 X |
| XPENG (Bull) |
57448 |
66.5 (68) |
0.064 |
11.2 X |
| XPENG (Bull) |
63561 |
60.5 (62) |
0.132 |
5.4 X |
| TSLA (C) |
10688 |
420 (-) |
0.530 |
3.9 X |
| TSLA (C) |
10591 |
300 (-) |
0.890 |
3.9 X |
| TSLA (P) |
10692 |
280 (-) |
0.520 |
2.7 X |
| TSLA (P) |
10604 |
190 (-) |
0.071 |
4.6 X |
| Nvidia (C) |
10573 |
150 (-) |
0.310 |
4.9 X |
| Nvidia (P) |
10714 |
125 (-) |
0.181 |
3.0 X |
| Nvidia (P) |
10581 |
95 (-) |
0.026 |
5.5 X |
