Xiaomi Surges Over 9% in Hong Kong as New Car Launch Event Set for Tomorrow Evening
Claire Weston
Xiaomi (01810.HK) jumped over 9% in a single session on turnover of nearly HK$8.9 billion, fueled by tomorrow's unveiling of two Pengcheng SUVs, plus fresh robotics and AI momentum — the market is repricing Xiaomi's second growth engine.
Why did the stock rally 9% in one day?
As of the latest print, Xiaomi Group-W (01810) traded at HK$31.94, up 9.16%, with turnover of HK$8.892 billion.
This means → turnover near HK$9 billion is not retail-driven sentiment — institutional money is piling in.
The immediate catalyst: Xiaomi's Pengcheng tech launch is set for 7:30 PM on July 30, when the N90 and N70 SUVs will debut.
What matters about the new-car event?
This is Xiaomi Auto's second dedicated tech launch. The stars are the Pengcheng N90 and N70, both SUVs.
In plain terms = Xiaomi's first car, the SU7, was a sedan. Now it is entering the SUV segment — one product line becomes two, doubling its addressable market.
The key question is whether the SUVs can replicate the order surge the SU7 generated at launch.
How far along is the robotics business?
Xiaomi's humanoid robot has raised its task-success rate in the company's own factories and begun handling new logistics assignments — in plain terms = it has moved from "can move" to "can work."
On the software side, Xiaomi released two models at once: Xiaomi-Robotics-U0, a 38-billion-parameter generative model that creates synthetic training data, and Xiaomi-Robotics-1, an embodied-intelligence model.
This means → Xiaomi's robotics push is not a concept demo — software, hardware, and real-world deployment are advancing in parallel.
How does Goldman Sachs read this playbook?
Goldman views embodied intelligence — giving AI a physical body that can operate in the real world — as one of three monetization paths in Xiaomi's AI strategy.
Over the next three to five years, Goldman expects Xiaomi to focus its robots on structured enterprise scenarios, including mass deployment in Xiaomi's own EV, smartphone, and appliance factories, as well as partner facilities.
This reflects a shift in Goldman's valuation logic for Xiaomi: not just "phones + cars," but "hardware platform + AI monetization."
How much upside is left in the EV business?
Goldman notes that Xiaomi's EV revenue is growing faster than peers.
The SkyNomad launch is expected to improve sales visibility into fiscal 2027. This means → the market need not rely solely on current-quarter delivery numbers — forward order expectations are also strengthening.
Put simply = Goldman believes Xiaomi Auto is not yet fully priced in, and valuation still has room to rise.
Content is for reference only, not financial advice.