$XIAOMI-W(01810.HK)

Xiaomi had a solid run today, closing up +3.13% at HKD 29.62. After a period of consolidation, the market seems to be pricing in the long-term potential of their EV segment and the record-high average selling price in their smartphone business.

The Latest Developments:

1️⃣ EV Momentum: Following the Q1 earnings, the Beijing factory has moved to a double-shift schedule to meet the massive demand for the SU7. The target? 100,000+ deliveries this year.

2️⃣ Premiumisation: Smartphone ASP hit a record high of RMB 1,310. It is proving that Xiaomi is no longer just a “budget” brand but a serious premium contender.

3️⃣ Analyst Outlook: Q1 2026 earnings saw some profit pressure due to EV R&D, many analysts are maintaining a “Buy” or “Outperform” rating. They eyeing a breakout above the $32–$35 range as EV deliveries scale.

As a shareholder (1,200 shares strong!), I am watching the $30 resistance level closely. The bridge between tech and transport is looking sturdier than ever. 🚗📱 加油😉。