The stock climbed as high as 9.2% on the trading day after Xiaomi disclosed that the SkyNomad SUV had attracted over 70,000 non‑refundable orders in its first month on the road.
Xiaomi also reported that it delivered just over 40,000 vehicles in September, including 10,000 SkyNomad units, a figure that sits below the 240,000 orders the YU7 SUV pulled in 18 hours after its launch last year but still signals a healthy demand base amid a tougher Chinese market.
Goldman Sachs analysts, led by Timothy Zhao, said the order volume "broadly supports Xiaomi’s EV growth story" and added that forthcoming facelifts and new models should keep delivery momentum moving.
The rally coincided with gains for peers BYD Co. and Li Auto Inc., each up more than 4% on the day, suggesting a sector‑wide lift that may be driven by short‑covering activity on AI‑hardware bets that had previously supported Xiaomi’s share price.
Looking ahead, Xiaomi has not yet issued a formal guidance for the next quarter, but market watchers anticipate that the company will aim to double its delivery pace as it scales production and secures new orders in the coming months.