The Zhitong Finance App learned that Xiaomi Group-W (01810) rose more than 9%. As of press release, it had risen 9.16% to HK$31.94, with a turnover of HK$8.892 billion.
According to the news, the Xiaomi Pengcheng series technical conference is scheduled to be held at 7 p.m. on July 30. It is reported that as the second technical conference hosted by Xiaomi, this event will focus on showcasing new developments in Xiaomi's car building technology. At that time, the Xiaomi Pengcheng N90 and N70 SUV models will officially debut. In addition, recently, Xiaomi has made many advances in the field of robotics, including increasing the success rate of humanoid robots in self-developed factories and beginning to undertake new logistics tasks; launching the unified generative model “Xiaomi-Robotics-U0” with 38 billion parameters to solve the problem of scarce real data; and releasing the large-scale intelligent model “Xiaomi-Robotics-1.”
Goldman Sachs believes that embodying intelligence is one of the three major monetization paths of Xiaomi's AI strategy. It is expected that in the next 3 to 5 years, Xiaomi robots will focus on more structured B-side business scenarios, such as large-scale deployment of humanoid robots in Xiaomi's own homes (smart electric vehicles, smartphones, and home appliances) and partner factories. In addition, Xiaomi's electric vehicle business revenue is growing faster than its peers. Coupled with the release of new SkyNoMad models, which is expected to increase sales visibility in the 2027 fiscal year, the electric vehicle business still has room for upward valuation.