On October 9, XIAOMI-W rose 3.63% in regular trading, trading at HK$24.56, with turnover of HK$407 million. The advance followed confirmation of record monthly electric vehicle deliveries exceeding 40,000 units for September, alongside ongoing share repurchases.

Recent disclosures show the company bought back 2,000,000 shares on October 5 for approximately HK$47.59 million, bringing cumulative repurchases under the current authorization to 131,712,200 shares. On October 2, it spent another HK$99.24 million to repurchase 4,112,000 shares. Analysts from Citi maintained a Buy rating and a HK$34 target price, noting September EV deliveries surpassed 40,000 units and viewing near-term weakness as an attractive entry opportunity ahead of third-quarter results.

XIAOMI-W is a holding company engaged in smartphones, IoT, consumer products, internet services, and smart electric vehicles, operating across domestic and overseas markets.

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