Xiaomi’s shares reportedly jumped over 4% during early trading, hitting a new high and allowing founder Lei Jun to surpass Zhong Shanshan, the creator of Nongfu Spring, to take the title of China’s wealthiest individual. Nevertheless, after this peak, Xiaomi’s stock declined, trading at HK$51.85 by 11:47 am, a decrease of 7.90%.
Xiaomi has announced that the Xiaomi 15 Ultra and Xiaomi SU7 Ultra will officially debut tonight at 7 pm. The SU7 Ultra is priced at a pre-sale cost of HK$814,900, with reports indicating that more than 3,680 units were sold within the first ten minutes of pre-sales.
On February 26th, Lei Jun conveyed confidence in meeting a sales goal of 10,000 units for the SU7 Ultra this year, expressing a 90% certainty of achieving this target. The vehicle is outfitted with Xiaomi’s comprehensive smart driving technology.