On July 8, Xiaomi Group-W rose 3.29% in regular trading, trading at HKD 23.76 per share, with turnover of HKD 767 million.

On the news front, Xiaomi Auto officially announced its new independent sub-brand SkyNomad on the same day. The brand, whose name combines Sky and Nomad to evoke themes of space and lifestyle, will debut with a range-extended SUV that will not carry the Xiaomi main brand logo. The first model is scheduled for an official launch in the second half of the year, marking Xiaomi Auto's transition to a multi-brand matrix strategy.

Multiple positive catalysts are converging for the company. Xiaomi has significantly raised its GPU computing investment budget from nearly RMB 4 billion to over RMB 10 billion for its cloud computing infrastructure. On the auto delivery front, monthly deliveries have remained stable above 30,000 units for three consecutive months, with first-half cumulative deliveries reaching approximately 180,000 units. Citi maintains a Buy rating, citing attractive valuations, while the company continues aggressive share buybacks.

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