Xiaomi Targets Families and Drivers Alike: Redmi Note 17’s 7-Inch Screen and MIIT-Approved Sky Nomad SUVs Lift Stock

China approves four Xiaomi extended-range SUVs; Redmi Note 17 confirmed with 7-inch OLED. Stock jumps 4.4% but remains 35% below January levels amid EV delivery targets and margin concerns.

China’s Ministry of Industry and Information Technology has placed four new Sky Nomad SUVs on its latest approval list, clearing the way for Xiaomi’s push into family-oriented electric vehicles. The lineup spans the N90 Max—including a “Camping Edition” with a pop-up roof and roof bed—and the smaller N70 and N70 Max. All four ride on the new Kunlun architecture and swap pure battery power for a 1.5-litre turbocharged range extender delivering 112 kW, boosting total range to around 1,500 kilometres. The 70 kWh battery alone covers 400–500 kilometres, putting Xiaomi squarely in competition with Li Auto’s extended-range offerings.

On the smartphone side, Xiaomi confirmed final specs for the Redmi Note 17 series ahead of its July 14 launch in China. The base model will feature a 7-inch OLED display—the largest ever in the Redmi Note line—with a 120 Hz refresh rate and peak brightness of 1,200 nits. Battery capacity jumps to 8,000 mAh on the standard version, while the Pro variant is tipped to receive a 9,000 mAh cell with 67-watt fast charging. The company has also shelved plans for a “Xiaomi 18 Ultra,” pivoting instead to a “Pro Max” model due in early 2027 that will integrate Leica camera technology directly into the Pro series.

Investors responded with a third straight session of buying. Xiaomi’s stock closed near EUR 2.94 on Friday, a gain of 4.42% from Thursday’s close of EUR 2.81 and a weekly advance of 10.60%. The twin product catalysts—regulatory green lights for four SUVs and official confirmation of the Redmi Note 17’s record screen—broke a period of caution that had weighed on the shares since mid-2025.

Yet the rally sits on fragile ground. Xiaomi delivered 185,055 vehicles in the first half of 2026, leaving the company needing to ship more than 360,000 units in the second half to hit its full-year target of 550,000. The Sky Nomad range, measuring over 5.3 metres in length, is expected to help close that gap. Production continues at the Beijing economic zone plant. Morgan Stanley recently cut its price target, citing heavy investment needs in the EV business and deteriorating smartphone margins, while Zephirin slapped a sell rating on the stock.

Technically, the shares remain under pressure despite the recent bounce. Friday’s close leaves the stock 34.54% below its level at the start of the year and roughly 53% off the 52-week high of EUR 6.51 set in September 2025. The 50-day moving average sits at EUR 3.01, with the stock now only about 2% below that line—a narrowing gap that chart watchers interpret as a tentative improvement. The relative strength index reads 60.1, neutral territory that still leaves room for further upside without tipping into overbought. The 200-day average of EUR 3.89, however, remains a distant overhead resistance.

With the Redmi Note 17 series slated for a mid-July unveiling and the four Sky Nomad variants now cleared for production, Xiaomi has two distinct engines running in parallel. The smartphone business continues to generate the cash flow that funds the EV expansion, and the new SUVs—especially the camping-focused derivative—target a demographic that Li Auto has so far dominated. Whether the product cadence can translate into delivery numbers high enough to meet the year-end target will determine whether the stock’s short-term recovery evolves into a sustained turn.