Key HighlightsApril electric vehicle deliveries surpassed 30,000 units, representing a 50% increase from MarchShares gained 6.75% at close in Hong Kong, touching an intraday peak of 11%The latest-generation SU7 sedan has secured more than 70,000 confirmed orders since its introductionCumulative deliveries through April total 109,000 vehicles — roughly 20% of the 550,000 annual goalIndustry observers caution that short-term profitability faces headwinds from subsidies and scaling expensesXiaomi’s electric vehicle division posted impressive April results that captured investor attention.The tech giant delivered over 30,000 electric cars during the month, marking a 50% increase compared to March and representing the strongest monthly expansion recorded this year. Shares finished Monday’s Hong Kong session up 6.75%, after touching an intraday high of HK$31.56—an 11% gain at its peak.Xiaomi Corporation (1810.HK)Trading activity reached HK$5.2 billion, positioning Xiaomi as one of the session’s most liquid names on the exchange’s main board.The April surge was primarily fueled by the redesigned SU7 sedan, Xiaomi’s premium offering, which completed its first full delivery month following a late-March market debut.Chairman and CEO Lei Jun revealed via Weibo on Sunday that confirmed orders for the updated SU7 had exceeded 70,000 units. He indicated that certain configuration choices would be discontinued after the initial launch period to streamline manufacturing operations.Pricing for the base SU7 begins at 219,900 yuan (approximately $32,200), while Pro and Max editions are priced at 249,900 yuan and 303,900 yuan respectively. The pricing sits roughly 10,000 yuan below initial presale projections, yet approximately 4,000 yuan higher than the 2024 first-generation version.Between January and April, Xiaomi delivered a combined 109,000 electric vehicles—representing an 11% year-over-year increase but capturing just 20% of its ambitious 550,000-unit delivery objective for 2026.Reaching that annual benchmark would require monthly deliveries exceeding 55,000 units throughout the remaining months. That represents a significant acceleration from present output levels.Financial Outlook Remains CautiousWhile delivery figures impressed, market analysts maintain reservations regarding immediate financial performance.Citi’s research team, headed by Kyna Wong, highlighted expectations for first-quarter revenue declines on both sequential and annual bases. Their projections point to approximately 97 billion yuan in Q1 revenue—reflecting a 17% quarter-over-quarter drop and 13% year-over-year decline.The flagship smartphone division confronts headwinds from escalating memory component costs, despite Xiaomi‘s strategic pivot toward premium-tier devices.Regarding the electric vehicle segment, margin pressure is anticipated to persist due to continued customer subsidies and expenses associated with production expansion.Looking AheadDelivery timelines offer insight into current demand dynamics. The YU7 standard version shows wait times of 7 to 10 weeks. The refreshed SU7 base configuration extends to 8 to 11 weeks, while the Max version stretches to 9 to 12 weeks.Xiaomi currently maintains 495 retail locations spanning 165 cities, with plans to inaugurate two additional stores during May.The YU7 GT variant is slated for a late-May introduction, with further model launches scheduled throughout the latter half of 2026.With 110,000 deliveries completed through April’s end, Xiaomi faces a substantial challenge in achieving its full-year target.The post Xiaomi (1810.HK) Stock Surges 7% Following 50% Spike in April EV Deliveries appeared first on Blockonomi.