Xiaomi Taps Vice President Yu Liguo to Lead New International Auto Arm Ahead of Q3 Print
Published on 11/11/2026 at 13:51 | Editorial boerse-global.deXiaomi Auto has stood up a dedicated international business unit, putting vice president Yu Liguo at its helm as the group pushes its vehicle ambitions beyond Chinese borders. The division, reported by Sina Technology, will oversee overseas markets, sales and the dealer network, with logistics and customer service also falling under its remit.
The move lands days before Xiaomi is due to report third-quarter 2026 results on 24 November, a date confirmed on the HKEX calendar. UOB Kay Hian set out its expectations on 2 November, projecting revenue down 6.7% year on year to RMB 106 billion, with softer IoT and EV sales expected to outweigh a stronger smartphone quarter.
Four Models on the Premium Board
Founder and CEO Lei Jun pointed to October's retail rankings on Tuesday, noting that all four Xiaomi models featured in China's sales table for new-energy vehicles priced above 200,000 yuan. The SU7 took first place among sedans above that threshold for the month, and the company says it also led its category across the full January-to-October stretch.
Should investors sell immediately? Or is it worth buying Xiaomi?
Deliveries have kept pace. Xiaomi Auto reported more than 50,000 vehicles for October on 1 November, a figure Reuters described as the company's highest monthly tally of 2026 to that point. Cumulative shipments from January through October reached roughly 336,000 electric vehicles, according to Reuters, against a full-year target of 550,000 for 2026.
Robotics and an Open IoT Playbook
Beyond cars, Xiaomi disclosed progress on the automation front on 3 November: a humanoid robot ran a sorting station at one of its own vehicle plants for eight consecutive hours, a first for the company. A pilot programme covering household chores in Xiaomi youth apartments also got under way.
On the connected-device side, Xiaomi and Peking University published an industry-open whitepaper on the IoT device model, presented at the CCF China Software Conference. Xiaomi said it contributed technical experience drawn from more than 1.16 billion AIoT devices.
Shares Slip
Despite the flurry of announcements, the stock traded 1.5% lower on Tuesday.
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Xiaomi Stock: New Analysis - 11 November
Fresh Xiaomi information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
