Xiaomi Group-W (01810) saw its share price rise more than 5% during intraday trading. As of the latest report, the stock was up 4.64%, trading at HK$27.96, with a trading volume of HK$1.69 billion.

On the news front, this morning, Lei Jun officially announced that the Xiaomi Pengcheng series technology launch event is scheduled for 7:00 PM on July 30. "The long-awaited smart, variable, large-space SUV is finally going to meet everyone," he said. In addition, Lei Jun noted that this is the second technology launch event for Xiaomi's automotive division, inviting everyone to witness the latest progress in Xiaomi's car-making technology. Meanwhile, the two SUVs, Xiaomi Pengcheng N90 and N70, officially debuted.

Goldman Sachs previously stated in a research report that Xiaomi's electric vehicle business revenue is growing faster than its peers. The release of the new SkyNomad model is expected to improve sales visibility for the 2027 fiscal year, and the electric vehicle business still has room for valuation upside.