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| HSI1 | 25,884.43 | +25.55 | 328.18B |
| HSCEI1 | 8,612.15 | -32.56 | 103.63B |
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2026-07-31 15:40:48 Goldman Sachs issued a research report on XIAOMI-W (01810.HK), which unveiled yesterday its new technology platform, the "Xiaomi Kunlun Architecture", as well as the group's first EREV series, "SkyNomad". Two new vehicle models were launched simultaneously, namely the five-seat N70 Max and the seven-seat N90 Max. The key highlight of the new vehicles is that the Kunlun Technology Architecture adopts a flat rectangular cabin floor design with an area of 4.4 square meters, which is extremely rare among SUVs in the same class and can provide highly flexible and diversified usage scenarios. In terms of pricing, the N70 Max has a pre-sale price of RMB259,900, lower than market expectations of around RMB300,000. The N90 Max has a pre-sale price of RMB299,900, also below market expectations of RMB350,000-400,000. The broker expected XIAOMI-W EV deliveries to regain growth momentum in 2H26 following the launch of the new models, supporting the group's gross margin and valuation performance. Pre-order performance and the upcoming 2Q26 results announcement (18 August) will be key factors worth monitoring. It maintained a Buy rating on XIAOMI-W with a TP of HKD40. ~ AASTOCKS Financial News Website: www.aastocks.com | |