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Shares of Xiaomi jumped in Hong Kong on Monday after the Chinese smartphone and electric-vehicle (EV) maker reported robust growth in its EV business, though analysts cautioned that broader headwinds could limit revenue upside.
The stock rose as much as 11 per cent in early trade before trimming gains to 9 per cent at HK$31.56 by the midday break. Turnover reached HK$5.2 billion (US$667 million), placing it among the most actively traded counters on the city’s main board.
The rally followed data showing Xiaomi’s EV unit delivered more than 30,000 vehicles in April, up 50 per cent month on month and marking its fastest growth so far this year. Deliveries for the first four months of 2026 totalled 109,000 units, an 11 per cent increase from a year earlier.
Momentum has been driven largely by orders for the new-generation SU7, Xiaomi’s flagship smart sedan, which entered its first full month of deliveries in April after launching in late March.
“The orders for the new-generation SU7 have already exceeded 70,000 as of yesterday,” founder and CEO Lei Jun said in a Weibo post on Sunday, noting the model remained within its initial sales window.
He added that some configuration options would be phased out after the launch period to improve production efficiency and accelerate deliveries. The company was also offering time-limited incentives, including low-interest financing and bundled features, to support order momentum.
