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Xiaomi Shares Surge 9.2% as SkyNomad SUV Secures 70000 Orders in Month
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CNBC TV18•09-10-2026, 13:41
Xiaomi Shares Surge 9.2% as SkyNomad SUV Secures 70000 Orders in Month
- •Xiaomi Corp. shares experienced their biggest jump since July, rising up to 9.2% in Hong Kong following strong sales performance.
- •The newly launched SkyNomad sport utility vehicle series accumulated over 70000 non-refundable orders in its first month.
- •Despite the recent surge, Xiaomi shares remain down more than a third this year due to high raw material costs and fierce pricing competition in China.
- •Xiaomi reported delivering more than 40000 vehicles in September, which included 10000 SkyNomad SUVs.
- •Goldman Sachs analysts noted that the robust orders support Xiaomi's electric vehicle growth narrative amid a challenging market.
Key Questions Answered
Xiaomi Corp. reported that its newly launched SkyNomad sport utility vehicle series accumulated more than 70,000 non-refundable orders within the first month after its launch.
Xiaomi shares jumped as much as 9.2% in Hong Kong following the announcement, marking the stock's largest increase since July.
Xiaomi announced that it delivered more than 40,000 vehicles during the month of September, which included 10,000 units of the Skynomad SUV.
