TLDR
- Xiaomi’s Hong Kong-listed stock rose over 5% on Thursday
- The company launched new AI models including MiMo-V2-Pro, built for agent-based applications
- CEO Lei Jun announced at least $8.7 billion in AI investment over the next three years
- Xiaomi plans to spend over $2.3 billion on AI research in 2026 alone
- A refreshed version of the SU7 electric vehicle is also set for launch, with up to 900km range
Xiaomi stock climbed more than 5% on Thursday after the company dropped a batch of new AI models and teased an updated version of its SU7 electric vehicle. The move marks a bounce back after the stock had sold off on fears that rising memory chip prices would hurt margins.
The catalyst for Thursday’s jump was twofold: fresh AI announcements and EV excitement.
On the AI side, Xiaomi released MiMo-V2-Pro, an in-house model built for agentic AI applications — the kind of AI that can take actions, not just answer questions. Earlier this month, the company also began testing an AI agent called “miclaw” designed for mobile devices.
CEO Lei Jun said Xiaomi plans to spend more than $2.3 billion on AI research this year alone.
That’s just part of a bigger commitment. Lei Jun confirmed Thursday that Xiaomi will invest at least 60 billion yuan — roughly $8.7 billion — in artificial intelligence over the next three years. That puts the company firmly in the spending race alongside larger tech players chasing agentic AI development.
SU7 Facelift Adds to the Buzz
The other piece driving the stock was news around Xiaomi’s SU7 electric vehicle. A refreshed version of the mass-market EV is expected to launch soon, and the specs are eye-catching.
The updated SU7 is said to offer a driving range of up to around 900 km on China’s CLTC standard. It also includes advanced driver-assistance features and LiDAR — a step up from the current model.
The SU7 has been a key part of Xiaomi’s push into the EV market, and the facelift comes at a time when competition in China’s electric vehicle segment is fierce.
What the Numbers Show
Xiaomi’s stock had been under pressure in recent weeks. Investors were worried that surging memory prices could squeeze the company’s hardware margins, particularly on smartphones.
Thursday’s 5% gain suggests the market liked what it heard on both the AI and EV fronts.
The MiMo-V2-Pro release puts Xiaomi alongside a growing list of Chinese tech companies rolling out their own AI models. The focus on agent-based AI reflects where the industry is heading — systems that can perform tasks autonomously rather than just respond to queries.
Xiaomi’s stock trades in Hong Kong under the ticker 1810.HK, and OTC in the US as XIACF.
As of Thursday, the $8.7 billion AI investment pledge over three years is the largest public commitment Xiaomi has made in this space.
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