HK Stock Market Move | XIAOMI-W (01810) rose over 3% as Xiaomi Auto officially announced its expansion into Europe. A new product launch event will take place next Monday evening.

XIAOMI-W (01810) rose over 3%, reaching 3.21% as of the time of writing, priced at HKD 28.32, with a transaction volume of HKD 3.785 billion. In news, Xiaomi Group partner and president Lu Weibing announced the global progress of Xiaomi's automotive project in a post early on September 4. At the IFA venue, Xiaomi signed agreements with the first eight leading distributors of Xiaomi automobiles in Germany. The models set to go abroad will soon head to four countries: Sweden, Germany, Spain, and Italy, where they will undergo high-speed validation and functional testing at seven prestigious testing sites, including the winter testing base in Arjeplog and the Nrburgring. Notably, on September 2, Lei Jun officially announced the Xiaomi Autumn flagship product launch event, scheduled for 7 PM on September 7. The Xiaomi Pengcheng N70 Pro / N70 Max / N90 Max will be officially launched. Also unveiled at the event will be two flagship new products: the Xiaomi 18 Fold, a brand new folding screen flagship phone, and the Xiaomi Tablet 9 Pro Max, featuring the debut of the Xuanjie O3 AI flagship processor.