Xiaomi Launches YU7 SUV, Undercuts Tesla's Model Y With 200,000 Orders in 3 Minutes
Xiaomi unveiled its YU7 electric SUV on Thursday, pricing it at 253,500 yuan ($35,364)about 4% below Tesla's (TSLA, Financials) Model Y in China. The company said it received 200,000 orders within three minutes of launch.
With a top range of 835 km, the YU7 beats the Model Y's 719 km and marks Xiaomi's most aggressive move in the EV space. CEO Lei Jun aims to position the vehicle as a direct rival to Tesla, following strong sales of Xiaomi's SU7 sedan.
The company raised its 2025 delivery target to 350,000 units and is expanding its EV infrastructure in Beijing. Analysts say the YU7 could help Xiaomi transition from a tech-first brand to a mass-market EV player.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Looking for a Dividend Boost? These 4 Singapore Companies Just Declared Special Dividends
Receiving dividends always puts a smile on my face, and I am sure it will for you, too. Dividends constitute a stream of passive income that flows directly into your bank account. They also represent a tangible return on your investment, independent of the volatility of share prices. Some companies, however, deliver a bonus to their shareholders in the form of a special dividend. This additional payment will provide a much-needed boost to your passive income and give you additional cash to do as you please. Here are four Singapore companies that recently declared a special dividend. Boustead Singapore is a conglomerate with four key divisions – energy engineering, real estate, geospatial technology, and healthcare. The group delivered a mixed set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025. Revenue plunged 31% year on year to S$527.1 million, dragged down by a lower order book for the engineering division at the end of FY2024. Gross profit, however, inched up 3% year on year to S$223.3 million because of better cost control. Net profit (adjusted for one-off items) rose 8% year on year to S$68.6 million. The group generated a positive free cash flow of S$68 million for FY2025. Boustead Singapore declared a final dividend of S$0.04 along with a special dividend of S$0.02, taking its total FY2025 dividend to S$0.075. This level of dividend was higher than the previous year's S$0.055. During FY2025, the engineering group secured around S$377 million in new engineering contracts and major variations. As a result, Boustead Singapore's engineering order backlog stands at approximately S$349 million at the end of FY2025. Earlier this month, the group announced that it is undertaking a strategic review of its stakes in its Singapore logistics and industrial assets. This review could involve a potential sale of these assets to a REIT to be listed on the Singapore Exchange (SGX: S68). Cortina is a luxury watch retailer with more than 50 boutiques across the Asia Pacific region. For FY2025, revenue rose 6% year on year to S$862.8 million. Net profit inched up 4% year on year to S$63.6 million. The retailer saw significantly higher free cash flow generation at S$47.7 million for FY2025, more than triple the S$13.3 million churned out in FY2024. Cortina declared a final dividend of S$0.02 and a special dividend of S$0.14, taking the total FY2025 dividend to S$0.16. This dividend was similar to what was paid out for FY2024. Management warned that global economic uncertainty will pose challenges to the luxury watch industry. Despite this worry, the group is confident that it will remain profitable for FY2026. Valuetronics is an integrated electronics manufacturing services (EMS) provider that offers a full range of services from conceptualisation and engineering design to production and supply chain support. For FY2025, total revenue increased by 3.5% year on year to HK$1.7 billion, led by an 8.8% year-on-year increase in revenue for the Industrial and Consumer Electronics (ICE) division. Gross margin improved slightly from 15.9% in FY2024 to 17% in FY2025. Net profit increased by 4.3% year on year to HK$166.5 million. Free cash flow, however, came in at negative HK$20.1 million because of ongoing capital expenditure requirements for its new joint venture with Trio AI Limited to expand its AI computing infrastructure. A final dividend of HK$0.11 was declared together with a special dividend of HK$0.08. Coupled with the interim and special dividends of HK$0.04 and HK$0.04 that were already paid out, the total dividend for FY2025 came up to HK$0.27. This level of dividends was higher than the prior year's HK$0.25. Management plans to phase out products from the traditional lifestyle consumer category and is optimistic that customers in the immersive entertainment technologies sector can bring in more business. The group also mentioned a HK$250 million share buyback programme announced in February 2022, and intends to continue with this programme in FY2026. Singapore Post, or SingPost, is Singapore's sole postal service provider and is also an e-commerce logistics provider in Asia Pacific. The group announced a 7.5% year-on-year decline in its revenue for FY2025 to S$813.7 million. However, net profit shot up more than threefold year on year to S$245.1 million, mainly because of an exceptional gain from the divestment of its Australian business. The net exceptional gain was S$222.2 million and declared a special dividend of S$0.09 per share. However, after excluding this exceptional gain, SingPost's underlying net profit fell by 40.3% year on year to S$24.8 million. After this divestment, the group will sharpen its focus on its core business, which includes streamlining operations to save costs. S$30 million will also be invested in a new automation system for its Singapore postal and logistics operation to expand processing capacity for small parcels. Our FREE report, '7 Singapore Blue-Chip Stocks That Can Pay You for Life,' reveals stable, dividend-paying stocks with a history of strong returns—even in uncertain markets. Get insights on Singapore's most dependable blue-chips and see how they can offer you steady income. Download it today to start building your portfolio with confidence. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of Singapore Exchange and Boustead Singapore. The post Looking for a Dividend Boost? These 4 Singapore Companies Just Declared Special Dividends appeared first on The Smart Investor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 minutes ago
- Yahoo
China's industrial profits slip back into sharp decline in May
BEIJING (Reuters) -China's industrial profits swung back into a sharp decline in May from a year earlier, as factories slowed activity in the face of broader economic stress and a fragile trade truce with the United States. Deepening deflationary pressures and a persistent property crisis continued to undercut demand and economic growth despite an unexpected pickup in retail growth last month. Profits at China's industrial firms fell 9.1% in May from a year earlier, snapping a two-month growth streak, National Bureau of Statistics data showed on Friday. Industrial profits slid 1.1% in the first five months of 2025 from the same period last year. This compares with a 1.4% increase in the January-April period. The profit decline was due to "insufficient effective demand, declining prices of industrial products and fluctuations in short-term factors," said NBS statistician Yu Weining. With U.S. tariffs set to remain high, factories are facing immense strains, particularly in sectors such as autos where excessive competition has prompted an official call to end bruising price wars. Local auto dealers have appealed for automakers to stop dumping cars on dealerships, saying the intense price war was damaging their cash flow, driving down their profitability and forcing some to shut. Profits at state-owned firms dropped 7.4% in the first five months. Private-sector companies recorded a 0.3% increase and foreign firms saw a 3.4% rise, according to a breakdown of the official data. Industrial profit numbers cover firms with annual revenue of at least 20 million yuan ($2.78 million) from their main operations. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
15 minutes ago
- Wall Street Journal
China's Industrial Profit Declined in May
China's industrial profit declined in May from a year earlier, reversing gains seen in the prior month, as weak demand and U.S. trade tariffs weighed on profitability. Industrial profit fell 9.1% year over year in May, tumbling from April's 3.0% rise, data released by the National Bureau of Statistics showed Friday.
