Understanding the Market | Xiaomi Corporation-W surged over 4% during the trading session, recently announcing the new series of Xiaomi cars "SkyNomad Xiaomi Pengcheng"
Xiaomi Corporation-W rose over 4% during the session, and as of the time of writing, it is up 3.44%, trading at HKD 25.86, with a transaction volume of HKD 5.844 billion. In terms of news, on July 9th, Xiaomi Corporation Chairman Lei Jun posted on social media, unveiling the second product series under Xiaomi Auto - SkyNomad Xiaomi Pengcheng. Lei Jun clarified that Xiaomi Auto currently has two major product series: the SU7/YU7 series, which focuses on "driver's cars," and the Pengcheng series, which targets "intelligent variable large space SUVs," forming a differentiated layout. He revealed that the Pengcheng series was planned and initiated at the beginning of 2023 and will adopt the Kunlun architecture, with an official release imminent. Goldman Sachs previously pointed out in a research report 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 welcome potential turning points both in market sentiment and financial aspects
According to the Zhitong Finance APP, Xiaomi Corporation-W (01810) rose over 4% during the trading session, and as of the time of writing, it has increased by 3.44%, trading at HKD 25.86, with a transaction volume of HKD 5.844 billion.
In terms of news, on July 9th, Xiaomi Corporation Chairman Lei Jun posted on social media, unveiling the second product series under Xiaomi Auto - SkyNomad Xiaomi Pengcheng. Lei Jun clarified that Xiaomi Auto currently has two major product series: the SU7/YU7 series, which focuses on "driver's cars," and the Pengcheng series, which targets "intelligent variable large space SUVs," forming a differentiated layout. He revealed that the Pengcheng series was planned and initiated at the beginning of 2023 and adopts the Kunlun architecture, which will be officially released soon.
Goldman Sachs previously pointed out in a research report 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 welcome potential turning points both in market sentiment and financial aspects
