On July 2, Xiaomi Group-W rose 3.97% in regular trading, trading at HK$22.58/share, with turnover of HK$1.47 billion, as the stock continued rebounding from its yearly low.

On the news front, Xiaomi Auto released June delivery data on July 1, reporting monthly deliveries exceeding 30,000 units for another consecutive month, with cumulative first-half deliveries reaching approximately 180,000 units. Meanwhile, Xiaomi YU7 announced July purchase incentives offering up to RMB 79,000 in combined benefits across all trims, with the top-tier YU7 GT receiving the highest discount.

Additionally, the company repurchased 4.5 million shares on June 30 at a cost of approximately HK$97.37 million, continuing its recent intensive buyback program. Since authorization on June 2, the company has cumulatively repurchased over 75.9 million shares. Goldman Sachs previously reiterated its Buy rating with a 12-month target price of HK$40, noting that Q3 presents a catalyst-rich period for Xiaomi in smart EVs and AI.

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