Xiaomi shares jump 9.2% in Hong Kong after SkyNomad SUV tops 70,000 orders in first month
AI Market Summary
Xiaomi's SkyNomad SUV logged over 70,000 nonrefundable orders in its first month, driving a sharp Hong Kong share move and improving near-term confidence in its EV growth narrative despite ongoing margin pressure from raw-material costs and China's price competition. Strength also lifted Chinese EV peers, with flows suggesting short-covering rotations out of crowded AI-hardware longs.
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NCSKHOOD2USD/USDT+1.79%
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▲ Bullish
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Xiaomi said its newly launched SkyNomad SUV series logged more than 70,000 nonrefundable orders in its first month on the market, helping lift its Hong Kong-listed shares as much as 9.2%. The tally trails the 240,000 nonrefundable orders the YU7 SUV drew within the first 18 hours of its release last year. The company said it delivered more than 40,000 vehicles in September, including 10,000 Skynomad SUVs.
