Xiaomi Group-W (HKEX: 01810) shares rose more than 3% in early trading. At the time of writing, the stock was up 3.12% to HK$23.82, with a turnover of HK$1.853 billion.

On July 8th, the official Xiaomi Auto Weibo account released a poster themed "SKYNOMAD", with "SKY" referring to the sky and "NOMAD" referring to a wanderer, featuring the Xiaomi brand logo. Reports indicate that, according to informed sources, SKYNOMAD is not the previously rumored "Redmi Auto". It is instead a new product model following the SU7 and YU7. This series adopts a new design language, positions itself in the same category as the Li Auto L9 and the AITO M9, and will target the large-space multi-passenger travel market. It is also cited as one of the most important SUV products for the second half of 2026.

Goldman Sachs previously noted that as Xiaomi Group enters a period rich with catalysts in the coming months, progress in smart electric vehicles and artificial intelligence will become core focal points for investors. The bank believes the third quarter could present a potential turning point, both in market sentiment and financial performance. Citigroup anticipates that, driven by expectations for 2026 and the upcoming launch of the YU9, the stock price could see a rebound in August.