Xiaomi’s European Expansion Gains Momentum with Major Product Launches

Xiaomi shares climbed 2.61% on the Hong Kong exchange following a significant announcement in Munich. The technology giant revealed plans for a global rollout of its Mijia line of premium home appliances, marking a pivotal advancement in its “Human × Car × Home” strategic vision. This move into international markets for its large household products represents a new phase in the company’s ecosystem development.

Adding to the positive sentiment, analysts at Deutsche Bank issued a bullish delivery forecast for Xiaomi’s electric vehicle division. Their projections estimate September deliveries will reach 42,000 units. This figure represents a substantial 15% month-over-month increase and a dramatic 210% surge compared to the same period last year.

The Munich event served as the international debut for... Read more...