🟢 1810.HK is trading 4.2% up today on EV strategy and buyback optimism

1810.HK is trading 4.2% up at $24.06, extending a strong rebound from late June levels as investors refocus on its long-term EV and ecosystem strategy.

• Sentiment is bolstered by Xiaomi’s HK$20bn share buyback plan and ambitious EV ramp-up targets, alongside market share gains in the smartphone and AIoT segments.
• The upward move suggests investors are looking past prior concerns regarding initial EV-related losses and margin pressure driven by memory costs.
• The price action reflects ongoing thematic momentum and a refocus on long-term growth drivers rather than fresh, date-specific news.