Xiaomi Corp: YU7 GT Launched with another Price Competitive Family Member

研报英文原文证据摘录

Xiaomi Corp: YU7 GT Launched with another Price Competitive Family Member

Update

May 21, 2026 02:24 PM GMT

Morgan Stanley Asia Limited+MXiaomi Corp | Asia Pacific Andy Meng, CFA

Equity Analyst

YU7 GT Launched with another Andy.Meng@morganstanley.comBetty Chen +852 2239-7689

Research Associate

Betty.H.Chen@morganstanley.com +852 2239-7213

Price Competitive Family Morgan Stanley Taiwan Limited+

Sharon Shih

Equity AnalystMember Sharon.Shih@morganstanley.com +886 2 2730-2865

Morgan Stanley Asia Limited+

Key Takeaways Gary Yu

Launching YU7 GT and new standard version together is a smart strategy to Gary.Yu@morganstanley.com +852 2848-6918

support its EV growth target.

Xiaomi Corp (1810.HK, 1810 HK)

Other new products launching demonstrates Xiaomi's more diversified revenue Top Pick

exposure, a key merit when smartphones facing a headwind. Greater China Technology Hardware | China

Stock Rating Overweight

Xiaomi launched YU7 GT, which is a dedicated high-performance electric SUV Industry View In-Line

focused on long-distance travel and driving dynamics. The YU7 GT just set a new Price target HK$45.00

Up/downside to price target (%) 52

record for production SUVs at the Nürburgring Nordschleife, completing the lap in 7 Shr price, close (May 21, 2026) HK$29.66

minutes and 34.931 seconds, beating the previous record set by the Audi RS-Q8. 52-Week Range HK$61.45-28.80

Sh out, dil, curr (mn) 26,695

YU7 GT's base price is Rmb389,900 with the 'Big Full Pack' version at Rmb429,900. Mkt cap, curr (mn) US$101,127

Avg daily trading value (mn) US$916

Fiscal Year Ending 12/25 12/26e 12/27e 12/28e

Meanwhile, Xiaomi also launched the YU7 standard version, with prices starting at EPS (Rmb)** 1.47 1.01 1.32 2.18

Revenue, net (Rmb bn) 457.3 460.2 568.6 707.3

Rmb233,500.