Xiaomi’s Hong Kong-listed shares surged to a lifetime high of around HK$61.45 on June 27, 2025, following the blockbuster launch of its YU7 electric SUV, which garnered a mind-blowing 200,000 pre-orders in the first 3 minutes and 289,000 in the first hour
1. 🚀 Demand Exceeded Expectations
The YU7 was priced at RMB 253,500 (~US $35,370)—about 4% cheaper than Tesla’s Model Y. Despite tight pricing, it outperformed analysts’ projections with pre-orders hitting 200K within 180 seconds and soaring past 289K within 60 minutes
2. 📈 Stock Reaction: All-Time Peak
Xiaomi’s shares jumped approximately 8% at market open, touching a record high of HK$61.45, before settling up 3.6% by end-of-day, marking one of the year’s best large-cap performances in Asia Pacific
3. ⚠️ Pressure on Tesla
Analysts suggest Tesla may need to cut prices, offer free Full Self-Driving subscription, or add financing deals to stay competitive in China, with Tesla’s Chinese EV market share tumbling to about 7.6%
4. ⚙️ YU7 Specs Impress
Xiaomi’s new SUV delivers impressive range—up to 835 km CLTC—outpacing the redesigned Model Y’s 719 km. It also enters with strong performance credentials and strategic smartphone-connected EV expertise
5. 🌐 Broader EV Strategy
The YU7 debut is a key pillar in Xiaomi’s plan to sell 350,000 EVs in 2025 and hit auto-division profitability by late 2025. Backed by its ecosystem-wide investments (smartphones, IoT, AI), Xiaomi positions itself as more than a phone maker—it’s a full mobility player timesofindia
✅ Final Take
The Xiaomi share hits record highs after its new EV launch isn’t just market hype—it signals serious momentum in China’s EV space. Strong consumer uptake, aggressive pricing, and ecosystem leverage put Xiaomi on rival footing with Tesla and BYD. Watch for Tesla’s response and Xiaomi’s ability to sustain production and delivery momentum.
