During the morning trading session, Xiaomi Group-W (01810) experienced a significant uptick, with its shares surging by more than 3%. The current stock price stands at HK$23.82, accompanied by a robust trading volume of HK$1.853 billion. Xiaomi Auto's official Weibo account unveiled a captivating themed poster for its latest product series, 'SKYNOMAD.' This new line follows in the footsteps of the SU7 and YU7, showcasing a completely revamped design language. Positioned in the same category as the Li Auto L9 and Wenjie M9, 'SKYNOMAD' is tailored to meet the demands of the large-space, multi-passenger travel market. It is slated to be one of the key SUV offerings in Xiaomi's lineup, set to debut in the latter half of 2026. Goldman Sachs analysts anticipate that Xiaomi will witness a plethora of catalysts in the months ahead, potentially paving the way for a turnaround in the third quarter. Meanwhile, Citi predicts that, fueled by the highly anticipated 2026 launches and the introduction of the YU9, Xiaomi's stock price is poised for a rebound in August.
