BUZZ-China's Xiaomi rises on seeing over 20,000 EV units deliveries in Nov

Reuters
2024-11-15

** Shares of Xiaomi Corp rise 2.9% to HK$28.65, on track for the biggest one day pct gain since Nov. 11

** Xiaomi says October deliveries of its EV model SU7 amounting to 20,000 units and November deliveries are expected to be more than 20,000 units with an aim to deliver 120,000 units for the full year

** Says it took Xiaomi just 230 days to reach 100,000-unit production milestone

** Xiaomi's production milestone is ahead of key Chinese EV makers, such as Li Auto, which took 1.9 years to reach the 100,000 EV production landmark, while NIO and Xpeng each took about 2.8 years to hit the same milepost, SCMP reported

** Hang Seng Tech Index gains 0.8%, Hang Seng China Enterprises Index climbs 0.7%, and Hang Seng Index adds 0.5%

** Xiaomi stock up 80.5% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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