Understanding the Market | Xiaomi Corporation-W rises over 5% as Xiaomi Pengcheng launch event is scheduled for July 30, featuring two SUV models: N90 and N70
Xiaomi Corporation-W rose over 5% during intraday trading, and as of the time of writing, it is up 4.64%, priced at HKD 27.96, with a transaction volume of HKD 1.69 billion. In terms of news, this morning, Lei Jun announced that the technology launch event for the Xiaomi Pengcheng series is scheduled for July 30 at 7 PM, stating, "The smart variable large space SUV that friends have been looking forward to for a long time is finally going to meet everyone." Additionally, Lei Jun mentioned that this is Xiaomi's second technology launch event for automobiles, inviting everyone to witness the new progress in Xiaomi's automotive technology. At the same time, the Xiaomi Pengcheng N90 and N70 SUVs are officially debuting. Goldman Sachs previously pointed out in a research report that Xiaomi's electric vehicle business revenue is growing faster than its peers, and the launch of the new SkyNomad model is expected to enhance sales visibility for the fiscal year 2027, indicating that the electric vehicle business still has room for valuation upside
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) rose over 5% during the trading session, and as of the time of writing, it is up 4.64%, priced at HKD 27.96, with a transaction volume of HKD 1.69 billion.
In terms of news, this morning, Lei Jun announced that the technology launch event for the Xiaomi Pengcheng series is scheduled for 7 PM on July 30, stating, "The smart variable large space SUV that friends have been looking forward to for a long time is finally going to meet everyone." Additionally, Lei Jun mentioned that this is Xiaomi's second technology launch event for automobiles, inviting everyone to witness the new progress in Xiaomi's car manufacturing technology. At the same time, the Xiaomi Pengcheng N90 and N70 SUVs are officially debuting. Goldman Sachs previously pointed out in a research report that Xiaomi's electric vehicle business revenue is growing faster than its peers, and the release of the new SkyNomad model is expected to enhance sales visibility for the fiscal year 2027, indicating that there is still room for valuation upside in the electric vehicle business
