Movement Alert|XIAOMI-W Rises 3.35% in Regular Trading, Auto Division Announces European Market Entry with Eight Top German Dealer Partnerships

Market Focus
Sep 04

On September 4, XIAOMI-W rose 3.35% in regular trading, trading at 28.28 HKD/share, with turnover of 640 million HKD.

On the news front, Xiaomi Auto officially announced at IFA 2026 in Berlin that it will enter the European market, including Germany, in 2027. At the event, Xiaomi signed memoranda of understanding with its first batch of eight leading German auto dealer groups, whose portfolios cover core brands such as Mercedes-Benz, BMW, Volkswagen, and Porsche, spanning nearly all major automotive retail brands in Germany. Xiaomi Group President Lu Weibing stated the company adopted a deliberate strategy of tackling the hardest market first, noting that brand awareness among German consumers already exceeds 40% despite the brand not yet officially entering the market. He added that this signing represents only the first batch, with further German and other European dealer partnerships to follow.

Additionally, BlackRock increased its stake in XIAOMI-W on August 31, purchasing approximately 8.34 million shares at an average price of 27.62 HKD, lifting its holding ratio to 5.01%. The company also repurchased 1.8 million shares on September 3 at a cost of approximately 49.39 million HKD.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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