The Zhitong Finance App learned that Xiaomi Group-W (01810) reversed the market today and rose more than 3% in the intraday period. As of press release, it had risen 2.2% to HK$26.96, with a turnover of HK$6.017 billion.

According to the news, the Pengcheng series, a subsidiary of the Xiaomi Group, has secured orders for more than 70,000 vehicles in the first month of its launch. Some analysts pointed out that the Pengcheng series was quickly recognized by consumers, indicating that its user base has gradually broken through the traditional rice powder circle. Societe Generale Securities once indicated that the new Pengcheng model will have a four-month delivery cycle within the year after its launch in September, which is expected to become the core increase in sales in the second half of the year.

It is worth mentioning that the company continues to advance the “whole ecosystem of people, cars, and families” strategy. Caitong Securities previously stated that the company will also connect MiMO to the whole-house intelligence solutions MiLoco 2.0 and Super Xiaoai 2.0 to promote the extension of AI from content generation to cross-application and cross-device task execution; the bank believes that the integration of AI and the “entire ecosystem of people and vehicles” is expected to strengthen long-term product differentiation.

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