On July 8, $XIAOMI-W (01810.HK)$Up more than 5% intraday, trading at HK$24.46 as of writing, with a turnover of HK$2.6 billion.
On the news front, on July 8, Xiaomi Auto’s official Weibo account released a poster titled “SKYNOMAD,” where “SKY” refers to the sky and “NOMAD” to nomads, featuring Xiaomi’s brand logo. Reports cited informed sources stating that SKYNOMAD is not the previously rumored “Redmi Auto,” but rather a new model in Xiaomi Auto’s lineup following the SU7 and YU7. This series adopts a new design language and competes in the same segment as the Li Auto L9 and Aito M9, targeting the large-space, multi-passenger travel market. It is also expected to be one of the most important SUV products in the second half of 2026.
Goldman Sachs previously noted that as Xiaomi Group enters a period rich with catalysts over the coming months, progress in smart electric vehicles and artificial intelligence will become key investor focal points. The firm believes that the third quarter could present a potential turning point, both in market sentiment and financial performance. Citi expects the stock price to rebound in August, driven by positive expectations for 2026 and the upcoming launch of the YU9.