The Zhitong Finance App learned that Morgan Stanley released a research report saying that Xiaomi Group-W (01810) officially launched SkyNomad at the fall press conference and recorded a strong flow of new orders. Customer feedback was very strong, and the number of locked orders had exceeded 10,000 units within 4 minutes of release. SkyNomad is hopeful for success and expects a strong flow of new orders to drive Xiaomi's electric vehicle shipments in the coming months. The bank reiterated its “Overweight” rating, and the target price remained at HK$33.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.