Xiaomi B Unveils HK$20bn Buyback, New SUV, Europe EV Plans
Xiaomi B Unveils HK$20bn Buyback, New SUV, Europe EV Plans
Xiaomi Class B (1810) announced an on-market buyback of up to HK$20 billion over 12 months and reiterated its 2026 vehicle delivery target of approximately 550,000 units. The quarterly gross margin stood at 22.0%, compared to 22.8% a year ago.
Second SUV and European Expansion
Xiaomi will launch a second SUV this year and expand EV sales into Europe next year. The company continues AI and robotics work, including MiMo updates and a humanoid robot showcase.
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