HK Stock Market Move | XIAOMI-W (01810) rose over 6% in morning trading; Xiaomi Pengcheng surpassed 70,000 locked orders in its first month on the market.

XIAOMI-W (01810) rose over 6% in morning trading. As of press time, it was up 6.00% at HK$25.08, with a turnover of HK$1.121 billion. On the news front, on October 8, according to Xiaomi Auto's official statement, as of October 7, one full month after launch, cumulative locked orders for the Xiaomi Pengcheng N70 and N90 series exceeded 70,000 units. In response, Xiaomi told Securities Times reporters: this figure means that Xiaomi Auto's "pure electric + extended-range" dual-technology-route product matrix has fully gained traction. Industry observers believe that as production capacity further ramps up in the fourth quarter, the Xiaomi Pengcheng series is expected to push Xiaomi Auto's delivery scale to a new level, while accelerating the pace of new energy replacement in the RMB 200,000-300,000 household SUV market.