On July 9, Xiaomi Group-W rose 3.16% in regular trading, trading at 26.04 HKD/share with turnover of 2.711 billion HKD, extending the previous session's 10%+ surge. The continued upward momentum is driven by the official announcement of Xiaomi's new independent sub-brand SkyNomad and its first extended-range SUV named Pengcheng.

The vehicle adopts Xiaomi's proprietary Kunlun architecture, positioned as an intelligent variable large-space SUV competing directly with Li Auto L9 and AITO M9, targeting the multi-passenger travel market with a planned launch in the second half of this year. Xiaomi founder Lei Jun publicly confirmed on social media that the new car is coming soon, further boosting market sentiment.

Additionally, multiple tailwinds remain in play: Xiaomi's GPU computing investment has been raised from nearly 4 billion yuan to over 10 billion yuan, its EV business has maintained monthly deliveries above 30,000 units for three consecutive months with approximately 180,000 units delivered in the first half, and Citi maintains a Buy rating citing attractive valuation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)