On February 11, Xiaomi Group witnessed a remarkable surge of over 5% in its stock price. The catalyst for this surge can be traced back to the previous day, when Lei Jun, during a livestream event, disclosed that production of the first-generation SU7 had officially ceased, with the final unit rolling off the assembly line. Furthermore, he excitedly revealed that the next-generation SU7 is poised for an April debut, boasting three distinct models with pre-sale prices spanning from RMB 229,900 to RMB 309,900.
