Understanding the Market | Xiaomi Corporation-W rises over 3%, new product series named SKYNOMAD, first model expected to be released in the second half of the year
Xiaomi Corporation-W rose over 3%, as of the time of writing, up 3.29%, reported at HKD 23.86, with a trading volume of HKD 1.815 billion. In terms of news, on July 8th, Xiaomi Auto's official Weibo released a poster themed "SKYNOMAD," where "SKY" refers to the sky and "NOMAD" refers to nomads, featuring the Xiaomi brand logo. Reports indicate that informed sources have stated that SKYNOMAD is not the previously rumored "Redmi Auto," but rather a new product model following the SU7 and YU7 from Xiaomi Auto. This series adopts a new design language and is positioned at the same level as Li Auto's L9 and Aito's M9, targeting the large space multi-passenger travel market, making it one of the most important SUV products in the second half of 2026. Goldman Sachs previously pointed out that as Xiaomi Corporation enters a period rich in catalysts over the next few months, advancements in smart electric vehicles and artificial intelligence will become the core focus for investors. The firm believes that the third quarter is expected to see potential turning points both in market sentiment and financial aspects. Citigroup anticipates that with expectations for 2026 and the upcoming launch of the YU9, the stock price is likely to rebound in August
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) rose over 3%, as of the time of writing, up 3.29% to HKD 23.86, with a transaction volume of HKD 1.815 billion.
In terms of news, on July 8, Xiaomi Auto's official Weibo released a poster themed "SKYNOMAD," where "SKY" refers to the sky and "NOMAD" refers to nomads, featuring the Xiaomi brand logo. Reports indicate that informed sources have stated that SKYNOMAD is not the previously rumored "Redmi Car," but rather a new product model following the SU7 and YU7 from Xiaomi Auto. This series adopts a new design language and is positioned at the same level as the Li Auto L9 and Aito M9, targeting the large space multi-passenger travel market, making it one of the most important SUV products in the second half of 2026.
Goldman Sachs previously pointed out that as Xiaomi Corporation enters a period rich in catalysts over the next few months, the progress of smart electric vehicles and artificial intelligence will become the core focus for investors. The firm believes that the third quarter is expected to bring potential turning points both in market sentiment and financial aspects. Citigroup anticipates that, driven by expectations for 2026 and the upcoming launch of the YU9, the stock price is likely to rebound in August
