Lei Jun Foresees Xiaomi SU7 to Meet Annual Delivery Target of 100K Cars in Nov Ahead of Schedule

　　XIAOMI-W (01810.HK) +0.180 (+1.090%) Short selling $377.47M; Ratio 32.217% Founder, Chairman and CEO Lei Jun said in his fifth annual speech that the current order volume of Xiaomi SU7 is close to 100,000 units, and the factory capacity constrains the further growth of sales.

　　In June, Xiaomi Automobile's factory commenced double-shift production to ensure that the monthly delivery of more than 10,000 vehicles, Lei Jun said, revealing that early November this year is expected to complete the annual delivery target of 100,000 vehicles ahead of schedule, and strive to reach 120,000 deliveries for the full year, which means that the Xiaomi Automobile's factory capacity will be enhanced impressively in the next few months.

　　Lei also disclosed that Xiaomi Automobile is speeding up the sales channel layout, and currently 87 stores are open in 30 cities across China. In July, Xiaomi Automobile also plans to add 17 stores, covering Jinan, Changzhou, Changchun and Guiyang.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-19 16:25.)