Xiaomi Stock Explodes, Market Cap Hits Record

Xiaomi Group's stock price surged by over 7% in a single day, with a market value reaching a historic high of 930 billion yuan

Xiaomi Group's stock price surged, with a rise of over 7% at one point, and the stock price also exceeded HKD 37, reaching a historic high. At present, the total market value of Xiaomi Group's Hong Kong stock market is approximately HKD 930 billion (equivalent to RMB 855.888 billion or USD 119.4 billion).

Recently, Xiaomi has had frequent good news in multiple core businesses.

In terms of mobile business. In the fourth quarter of 2024, Xiaomi's mobile phone market share ranked second in China. In 2024, Xiaomi will continue to maintain its position as the world's third-largest mobile phone manufacturer. In addition, the national subsidy for mobile phone purchases that was launched on January 20th has led to a four fold increase in sales of Xiaomi phones, and even five times in Beijing and other regions.

In terms of automotive business. The Xiaomi SU7, released at the end of March 2024, became one of the hottest domestic pure electric sedans of the year, with deliveries even surpassing Tesla Model 3 in December 2024. According to third-party statistics and calculations, the production of Xiaomi SU7 will reach around 26000 vehicles in January 2025. In addition, the production version of Xiaomi SU7 Ultra will also be released in March, having already received thousands of small orders.

In terms of home appliance business. The structure of Xiaomi's first smart home appliance factory has been successfully topped out, taking only two months from start to completion. The factory is located in Donghu High tech Zone, Wuhan City, covering an area of 751 acres. It is the third important factory of Xiaomi Group after the production of automobile and mobile phone factories. It is expected to be officially put into production in November 2025 and achieve large-scale production in 2026.