The Chinese group Xiaomi will be punished on the stock exchange on Thursday. Investors are surprised by the sparse information policy.
• Despite the announcement of the new SUV YU7, no details of the price or pre -order
• Investors react disappointed to sparse information
• Doubts about Xiaomi’s EV strategy increase
The upward trend of the Xiaomi share was interrupted on Thursday: 2.30 percent lost the share certificate in Hong Kong and was ultimately traded at 53.20 HKD.
Investors miss information about the SUV launch
The technology company initially had positive news for investors in their luggage: CEO Lei Jun announced the market launch of the new Elektro-SUV YU7 in a contribution to Weibo. “The publication of the Xiaomi Yu7 is about to,” said the Xiaomi CEO, which also pointed out that there is great competition in this area, but he certifies the SUV an “irreplaceable, unique charm”.
More details in short supply
However, investors did not receive more information – official prices for the new vehicle were neither communicated, nor did potential buyers receive further details about a possible pre -order process. According to “Investing.com”, this caused doubts among investors, especially as far as the company’s strategy is concerned with the introduction of electric vehicles.
Xiaomi is driving expansion into a new market
With the Yu7, Xiaomi is in direct competition with Teslas Model Y, which is currently leading the market in this segment. After the SU7, it is the second vehicle of the Chinese vehicle with which you want to tackle the strongly contested electric SUV market in China.
At the beginning of May, the company announced that he had delivered 28,000 EV vehicles in April. This means that more than 20,000 cars were sold seven months in a row. However, the roots of Xiaomi are in the electronics sector: With smartphones and other smart home devices, the company is a big player – especially on the home market – and is considered one of Apple’s largest competitors in the region.
Editor finance.net