Xiaomi Intensifies Share Buyback Program Amid EV and AI Advancements

Xiaomi KYG9830T1067

The Chinese technology giant Xiaomi continues to aggressively repurchase its own shares, with the latest activity seeing an additional HK$52.73 million deployed to buy back 1.5 million shares this past Monday. This move is part of a sustained campaign that has seen the company acquire 227 million shares since June 2025. This financial strategy unfolds alongside significant progress in Xiaomi's electric vehicle division and robotics research, signaling a multi-front expansion.

Investor attention is increasingly drawn to Xiaomi's automotive ambitions. Recent regulatory filings have revealed specifications for its new SUV model, the YU7 GT, which appears designed to compete directly with established players. The vehicle boasts a dual-motor powertrain generating 738 kW (990 horsepower) and a top speed of 300 km/h, positioning it as a direct challenger to the Tesla Model Y Performance. In a related positive development, Xiaomi's existing SU7 model has been added to the official catalog for New Energy Vehicles in China, making it eligible for tax incentives.

Concurrently, the company's robotics division has announced a separate technological breakthrough. Its researchers have developed a new AI framework named "TacRefineNet." This system enables robots to make millimeter-precise adjustments to their grip using tactile feedback alone, eliminating the need for visual guidance. The technology is intended for deployment in complex manufacturing environments.

Market Sentiment and Upcoming Catalyst

Market analysts maintain a favorable outlook on Xiaomi's stock. On February 7, Bernstein analyst Eunice Lee reaffirmed her "Outperform" rating, setting a price target of HK$57.00. This target implies a potential upside of more than 60% from current trading levels. This optimism is mirrored in market flows, with Mainland Chinese investors purchasing a net HK$209 million worth of Xiaomi shares via the Southbound Stock Connect on Monday.

Xiaomi's shares in Hong Kong ended the recent session at HK$35.26, marking a modest gain of 0.23%. Market participants are now looking ahead to a scheduled livestream by CEO Lei Jun on Tuesday, February 10. The address is anticipated to provide further strategic details, particularly regarding the company's accelerating push into electromobility, where it is steadily being viewed as a serious competitor to incumbent manufacturers.