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XIAOMI-W Spikes 5% at Open before Trending Lower; 2025 R&D Input Expected to Whop RMB30B
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XIAOMI-W (01810.HK) capitalized on the positive buzz from its new product launches, opening 4.99% higher this morning (28th) and peaking at HK$55.75 before giving back gains. The stock last posted at HK$53.6, up 0.94%, with 65.6871 million shares traded, amounting to HK$3.569 billion in turnover. Xiaomi unveiled its AI-powered Xiaomi 15 Ultra smartphone, starting at RMB6,499, alongside the Xiaomi SU7 Ultra, touted as the fastest vehicle on Earth, priced at RMB529,900. The SU7 Ultra racked up over 10,000 bulk orders within two hours of its launch. At the product launch event, Xiaomi founder Lei Jun accentuated the company’s commitment to technology-driven growth, projecting a total R&D investment of RMB105 billion in five years. For 2025 alone, R&D spending is expected to reach RMB30 billion, with AI and related businesses accounting for a quarter of that figure. AAStocks Financial News |
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