Xiaomi's confidence in expansion comes from the hot sale of SU7.

It remains to be seen whether Xiaomi's entry into the triple-fold market will break the "dominance" of Huawei's series in China's folding screen market.

Canalys predicts that AI phones will account for 54% of total smartphone shipments by 2028. To put this in perspective, the CAGR from 2023 to 2028 is 63%.

The earnings report showed that Xiaomi's total revenue for the second quarter reached 88.9 billion yuan, significantly higher than analysts' expectations of 85.8 billion yuan, recording a year-on-year increase of 32.0%. Adjusted net profit was 6.18 billion yuan, up 20.1 percent year-on-year, again above analysts' expectations of 4.8 billion yuan.

This week Hong Kong stocks will usher in a super week of earnings reports, with a number of popular tech companies such as Crypto, Xiaomi and Baidu releasing their earnings reports.

In response to this rumor, Xiaomi's PR head Wang Hua has recently issued a statement to deny it and revealed some of the latest developments.

According to CPCA's comprehensive estimate of preliminary monthly data, wholesale sales of new energy passenger vehicle manufacturers in China reached 970,000 units in June, a year-on-year increase of 28% and an 8% increase compared to the previous month.

According to CPCA's comprehensive estimate of monthly preliminary data, wholesale sales of new energy passenger vehicle manufacturers in China reached 910,000 units in May, a year-on-year increase of 35% and a month on month increase of 16%.

On May 30th, a spokesperson for Xiaomi Auto debunked rumors that they had never had any plans or actions to acquire or control Evergrande Motors.

According to the latest report, Xiaomi's net profit and revenue in 2024Q1 both exceeded market expectations, mainly due to the growth in sales of smartphones, IoT, and lifestyle consumer products.

May 15th.Xiaomi Motors Announces Completion of Delivery of 10,000th Xiaomi SU7 Vehicle Xiaomi Motors said On the 43rd day from April 3rd We have crossed another small milestone.We are still working hard to increase production capacity.To ensure that we can fulfill our target of100,000 deliveries this year Xiaomi CEO Lei Jun announced the news on social media .Lei Jun said that this is a major milestone for Xiaomi Thank you for your concern and support

According to reports Xiaomi's Taiwan branch personnel changes,led by Taiwan business director Jiang Kunwang all the relevant people to leave, the current Taiwan people in Xiaomi's high-level business and management is almost replaced Rumor millet president and brand manager Lu Weibing's faction will take over the relevant positions, the future of Taiwan's millet in Taiwan's market strategy and layout of whether the dissimilarity? Caused great concern in the industry In response to the major personnel changes in Taiwan Xiaomi's high cadre, the official response confirmed that the recent news about internal personnel transfers in Taiwan Xiaomi, the company has indeed carried out a series of adjustments to better cope with market changes and the company's development needs

Recently, Lei Jun talked about a series of issues such as the size of the new energy vehicle market and what advantages Xiaomi has at the 2024 Zhongguancun Forum Annual Meeting. Lei Jun said that when he visited the automobile industry, everyone talked about "having more children will lead to fights", "fly legs are also meat", and "the east is not bright and the west is bright". After the visit, he was very disappointed. This is not making products. , isn’t this just based on guessing? When talking about why Xiaomi makes a car, Lei Jun said, "Every car manufacturer makes a series of cars. Just a few good cars are enough. Why do we need so many homogeneous cars?"

Recently, there are rumors that Xiaomi Motors has begun the development of a new platform, which will use an extended-range hybrid powertrain. The three planned products are all SUV models, positioned as family cars. These three models will be benchmarked against Ideal L7, Ideal L8, and Ideal L9. They will be based on the same platform structure through changes in wheelbase and number of seats to differentiate their products, but the price range will be lower than that of Ideal products. Xiaomi responded that the information was completely untrue. Xiaomi Motors is focusing on increasing production capacity, accelerating the delivery of Xiaomi SU7, and continuing to improve user service experience.

Recently, there are rumors that Luxeed S7 "cuts off" Xiaomi SU7 orders: as long as you purchase any Luxeed S7, the 5,000 yuan deposit for locking the Xiaomi SU7 order will be directly deducted from the car price after you pay the balance. In this regard, Lei Jun issued a document on April 22 saying that the current production capacity and delivery speed of Xiaomi SU7 are rapidly increasing, and the standard version and Max have been delivered ahead of schedule. "If users are really anxious to buy a car, domestic new energy vehicles are all good, such as LuxeedS7, NIO ET5, XPeng Motors P7 series, etc. You can also consider buying them."

On April 23, Xiaomi held a Xiaomi investor conference. Lei Jun revealed at the meeting that as of April 20, the number of Xiaomi SU7 units locked up had exceeded 70,000 units. Lu Weibing, president of Xiaomi Group and general manager of the Xiaomi brand, issued a statement saying, "Mr. Lei announced that the delivery target of Xiaomi SU7 in 2024 will exceed 100,000 units." It is reported that Lei Jun also said in his video: "There have been an overwhelming number of orders recently, and all my colleagues are working overtime to produce the cars as early as possible and deliver them to everyone as soon as possible."

Xiaomi Group Chairman Lei Jun announced on his official Weibo that as of April 20, the number of Xiaomi SU7 locks has exceeded 70,000, and Xiaomi's delivery target for the whole year will exceed 100,000.

According to IDC data, Samsung's shipment volume in the first quarter of this year was 60.1 million units, a slight decrease of only 0.7% year-on-year.

On April 2nd, Xiaomi's stock price closed at HKD 16.12, up nearly 8%.

In just 27 minutes, Xiaomi cars are set to exceed 50,000 units, while Lei Jun's previous first-year sales target is only 10,000 units.In other words, Xiaomi completed half of the 2024 KPI in half an hour.