Xiaomi Shares Plunge 8% After Hitting Record High

Tiger Newspress

02-27

Xiaomi shares plunged 8% after surging over 4% to a record high earlier. Investors may be taking profits.

The SU7 Ultra will be launched on February 27 and is currently available for pre-order at about four times the regular SU7's price.

Lei Jun, founder, chairman and CEO of Xiaomi, on Wednesday expressed his confidence in the SU7 Ultra as the ultra-performance electric sedan is one day away from launch.

"The Ultra is a strong product, and our team is confident that we are 90 percent sure of our 10,000-unit annual sales target," Lei wrote on Weibo today.

Xiaomi's car-making arm, Xiaomi EV, announced on Monday that the SU7 Ultra will be launched on February 27, with an event set to begin at 7 pm Beijing time that day.

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Investors may be taking profits.</p><p>The SU7 Ultra will be launched on February 27 and is currently available for pre-order at about four times the regular SU7's price.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9bf76e06b476327faa0aee092203586e\" tg-height=\"624\" tg-width=\"853\"/></p><p>Lei Jun, founder, chairman and CEO of Xiaomi, on Wednesday expressed his confidence in the SU7 Ultra as the ultra-performance electric sedan is one day away from launch.</p><p style=\"text-align: left;\">\"The Ultra is a strong product, and our team is confident that we are 90 percent sure of our 10,000-unit annual sales target,\" Lei wrote on Weibo today.</p><p style=\"text-align: left;\">Xiaomi's car-making arm, Xiaomi EV, announced on Monday that the SU7 Ultra will be launched on February 27, with an event set to begin at 7 pm Beijing time that day.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01810","symbol_name":"小米集團-W","start_time":0,"source_url":"","article_id":"1143659250","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143659250","pubTimestamp":1740627687,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Xiaomi Stock Jumps Another 2% to A New High","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01810":"小米集团-W"},"translate_title":"小米股价创历史新高后暴跌8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01810":1.1},"content_text":"Xiaomi shares plunged 8% after surging over 4% to a record high earlier. Investors may be taking profits.The SU7 Ultra will be launched on February 27 and is currently available for pre-order at about four times the regular SU7's price.Lei Jun, founder, chairman and CEO of Xiaomi, on Wednesday expressed his confidence in the SU7 Ultra as the ultra-performance electric sedan is one day away from launch.\"The Ultra is a strong product, and our team is confident that we are 90 percent sure of our 10,000-unit annual sales target,\" Lei wrote on Weibo today.Xiaomi's car-making arm, Xiaomi EV, announced on Monday that the SU7 Ultra will be launched on February 27, with an event set to begin at 7 pm Beijing time that day.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}