Goldman Sachs: Xiaomi (01810.HK) Files for Second Smart SUV 'SkyNomad'; Abundant Catalysts Prompt Reiteration of 'Buy' Rating

Goldman Sachs published a research report stating that Xiaomi Group (01810.HK) has filed with China’s Ministry of Industry and Information Technology (MIIT) its second new energy vehicle (NEV) series—'SkyNomad' (including models N70 and N90). These models are positioned as intelligent, configurable, and spacious extended-range electric SUVs (EREV SUVs), catering to diverse use cases beyond family and business needs, thereby complementing the previously launched SU7/YU7 series, which emphasized driving dynamics. The firm noted that this development marks the beginning of a catalyst-rich third quarter, offering potential narrative and financial upside for the stock.

AASTOCKSJul 13 13:08

Soaring memory chip prices dampen demand! Global smartphone shipments hit a thirteen-year Q2 low.

Latest data show that global smartphone shipments in Q2 2026 declined by 11% year-over-year, marking the weakest second-quarter level since 2013. The primary driver was AI data centers absorbing memory resources, causing sustained surges in DRAM and NAND prices. Smartphone manufacturers were forced to raise prices, severely dampening demand for entry-level and mid-range models. However, Samsung and Apple bucked the trend. Analysts now expect full-year shipments to contract by approximately 14%, with the memory shortage potentially extending into 2027.

wallstreetcn08:34

Auto stocks plunged across the board, while Xiaomi Group rose more than 3.6% intraday against the trend.

Gelonghui, July 13 | Today, the automobile sectors of both the A-share and Hong Kong stock markets declined overall, with shares of more than 10 leading automakers falling. Nearly half of these companies saw declines exceeding 5%, while Xiaomi Group (1810.HK) bucked the trend, rising as much as 3.6% intraday. Since Lei Jun announced Xiaomi’s new product line "SkyNomad Pengcheng" on July 8, Xiaomi Group’s share price has gained over 10% cumulatively across four trading days. According to public information, Xiaomi Auto’s new "SkyNomad Pengcheng" series is positioned as an intelligent, adaptable large-space SUV, forming a differentiated product portfolio alongside the SU7/YU7 series. The new vehicle...

Gelonghui FinanceJul 13 19:13

ZHITONG HK Connect Active Trading | July 13

Hong Kong Stock Connect Active Trading | July 13, 2026

Zhitong FinanceJul 13 19:00

Express News | The '15th Five-Year Plan for Expanding Consumption' outlines 28 key tasks and measures to boost consumption during the 15th Five-Year Plan period.

BreakingsJul 13 17:19

Express News | ByteDance is exploring the autonomous driving field, with the project currently led by Zhou Chang's World Model team under Seed.

BreakingsJul 13 16:36