HK Movers | Xiaomi Shares Jump 9% as EV April Deliveries Top 30,000 as New YU7 GT Launch Nears

Xiaomi EV delivered more than 30,000 vehicles in April, a significant jump from the 21,440 units handed over in March, signaling a sales recovery after first-quarter fluctuations.

Xiaomi shares jumped almost 9% in Hong Kong.

The EV arm of Xiaomi shared the information on the social media platform Weibo on Friday, without disclosing the exact figures, as is customary. Specific delivery numbers for April are expected to be available in the China Passenger Car Association (CPCA) report later this month.

The April delivery rebound was largely driven by the sustained momentum of the YU7 SUV, while the new-generation SU7 began to contribute more substantially to overall sales.

The highly anticipated YU7 GT, a high-performance all-electric SUV, will be officially launched at the end of May, according to a Xiaomi announcement last week.