Changes in Hong Kong stocks | Xiaomi Group-W (01810) rose more than 5%, and Pengcheng locked more than 70,000 orders in the first month. Institutions are optimistic about the company, people, and the whole ecosystem of cars is closed

The Zhitong Finance App learned that Xiaomi Group-W (01810) rose more than 5%. As of press release, it had risen 4.71% to HK$26.22, with a turnover of HK$2,517 billion.

According to the news, the Pengcheng series under the Xiaomi Group has secured orders for more than 70,000 units in the first month. Dahua Jixian pointed out that demand is concentrated on higher-end models such as the N70 Max/N90 Max, and the product portfolio is superior to the bank's previous expectations. The bank expects Pengcheng to deliver more than 50,000 vehicles in the fourth quarter and 90,000 old models, and is still expected to reach its target of 430,000 vehicles for the whole year.

It is worth noting that the market expects the pressure on storage costs to slow down. Management previously indicated that Q3 memory cost increases will slow down, Q4 will slowly rise, and the mobile phone business will enter a “visible and controllable” state. At the same time, the entire ecological layout of the company's people and cars brought about collaboration. Guojin Securities pointed out earlier that considering the high-end development of Xiaomi cars and mobile phones and the continued deepening of the AI+ strategy, it is optimistic about the uniqueness of a hard-core technology company with a closed loop in the entire ecosystem of people and cars.