Futu News November 1st, $XIAOMI-W (01810.HK)$ Up more than 2%, closing at HKD 27.25, reaching a high of HKD 27.45, setting a new high for the year intraday. As of the time of writing, the company has risen 75% year-to-date.

On the news front, Xiaomi Autos recently announced that in October, the delivery volume of Xiaomi SU7 exceeded 20,000 units, with a single-month delivery volume exceeding 0.02 million units for the first time, and it is expected to achieve the annual delivery target of 0.1 million units ahead of schedule this month.

Regarding smart driving, Xiaomi SU7 will start the full-scale push of Urban Navigation on October 30th, enabling nationwide driving with automatic assisted driving from parking space to parking space, supporting end-to-end large models, VLM visual language large models, ready for immediate use upon boarding, supporting automatic passage through ETC toll gates, narrow road passage, and automatic positioning parking in parking lots. Xiaomi SU7 smart driving will be targeted for invitation-only testing at the end of November, with a push to pioneer models at the end of December.

Editor/Somer