🐯虎嗅•Stalecollected in 10m
Xiaomi Stock Crashes Below 30 HKD
💡Xiaomi's AI R&D surge amid 50% stock drop warns on EV+AI pivot risks
⚡ 30-Second TL;DR
What Changed
Stock broke 30 HKD after SU7 auto accidents in 2025.
Why It Matters
Exposes risks in Xiaomi's 'phone+AIoT+auto+AI' narrative as core phone business weakens and new ventures lag. Signals valuation reset for AI-heavy tech firms facing execution hurdles.
What To Do Next
Assess Xiaomi's self-developed AI chips for integration into IoT edge devices.
Who should care:Founders & Product Leaders
Key Points
- •Stock broke 30 HKD after SU7 auto accidents in 2025.
- •2026 Q1 auto deliveries at 7.9万 vehicles, only 14% of annual target.
- •China phone shipments dropped 35% in Q1 2026.
- •R&D spend to exceed 400B yuan on AI and robots.
- •Over 50 buybacks in 2026, totaling >70B HKD.
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Original source: 虎嗅 ↗