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XIAOMI-W Dips 6%+ on New-Gen SU7 Launch, Plans to Invest RMB60B+ in AI within 3 Yrs
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XIAOMI-W (01810.HK) last slumped 6.39% to $34, with a trading volume of 151 million shares, involving $5.218 billion. Lei Jun, Founder and Chairman of XIAOMI-W, announced at the spring new product launch that the new generation of smart EV, Xiaomi SU7, is priced from RMB219,900. The first generation SU7 was officially launched on 28 March 2024, with a total delivery of 381,000 units. Furthermore, Lei added that XIAOMI-W is actively embracing AI with plans to invest over RMB60 billion in the AI sector over the next 3 years. AASTOCKS Financial News Website: www.aastocks.com |
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