On July 29, XIAOMI-W rose 3.42% in regular trading, trading at HK$30.38/share, with turnover of HK$911 million, extending its multi-day rally ahead of a key product event.

On the news front, the Xiaomi Pengcheng series technology launch event is scheduled for July 30 at 7 PM, where the company will unveil the Kunlun technology architecture along with two extended-range SUV models, the N90 and N70. CEO Lei Jun recently shared that the Pengcheng series has undergone over 4.28 million kilometers of road testing with 566 test vehicles since October 2024. The series features a proprietary Kunlun range extender supporting multiple fuel grades with WLTC fuel consumption as low as 5.7L/100km and pure electric range up to 505km CLTC.

Additionally, Xiaomi has maintained high-frequency share buybacks, spending approximately HK$50 million daily from July 21-24. Goldman Sachs maintains a Buy rating with a 12-month target price of HK$40, citing the company's potential to build the world's largest consumer-grade physical intelligence ecosystem under its Person-Vehicle-Home strategy.

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