During trading hours, shares of Xiaomi Corporation-W (1810.HK) experienced a significant upswing, climbing 4% to reach HK$59.2, their highest point since July 3. On September 24, Xiaomi convened an international press conference, where it unveiled its ambitious plan to enter the European electric vehicle (EV) market by 2027. Xu Fei, the Group's Vice President, shared that Xiaomi is contemplating the establishment of car showrooms and manufacturing facilities in Europe. However, he refrained from divulging specifics about the inaugural local model or whether it would represent an entirely new design. At present, Xiaomi boasts a lineup of three EV models: the Xiaomi SU7, SU7 Ultra, and Xiaomi YU7. Impressively, the SU7 has achieved a cumulative sales figure of 300,000 units within its initial 15 months on the market. Meanwhile, the YU7 garnered a staggering 200,000 pre-orders within a mere three minutes of its sales launch. Furthermore, Xu Fei disclosed Xiaomi's strategic vision to expand its global footprint by opening 10,000 self-operated Xiaomi Stores worldwide by 2030. Additionally, the company aims to ramp up overseas sales of its smart IoT home appliances, thereby strengthening its 'Human x Car x Home' smart ecosystem for customers across the globe.