XIAOMI-W (01810) Rises Over 3% as Vehicle Deliveries Surpass 500K Units and Company Repurchases Shares Worth Over HK$1B

Stock News12-04

XIAOMI-W (01810) gained over 3%, trading at HK$41.58 by the latest update with a turnover of HK$4.498 billion. The company recently announced that its vehicle deliveries have exceeded 500,000 units since commencing in April 2024, reaching over 40,000 units in November alone—maintaining this level for three consecutive months. CEO Lei Jun stated that achieving this milestone validates XIAOMI's end-to-end capabilities from R&D to after-sales services, marking its entry into a new phase of scaled development. Additionally, the company disclosed a HK$302 million share buyback on December 3, acquiring 7.5 million shares. Notably, XIAOMI has repurchased 27 million shares totaling HK$1.093 billion over four consecutive trading days since November 28.

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