Xiaomi Group shares rose 11.78% today, April 2, to HK$16.70 per share, giving its total market capitalization of HK$416.7 billion ($53.25). Previously, China Business News reported that the number of pre-orders for Xiaomi SU7 reached 40,000 as of the morning of April 2. This raises questions as Xiaomi claims to have collected almost 90,000 pre-orders in a single day.
In addition, the delivery conditions of the vehicles have also been increased again. As of the morning of April 2, delivery times for the standard model, Pro and Max models have been extended to 20-23 weeks, 19-22 weeks and 28-31 weeks, respectively.
Lei Jun, founder of Xiaomi Motors, said that Xiaomi hopes to become one of the five largest automobile manufacturers in the world in 15 to 20 years with its work. Previously, Xiaomi Auto offered users high-resolution smartphone wallpapers featuring Xiaomi SU7 photos.