Xiaomi Group (01810.HK) once stood at the centre of Hong Kong’s tech rally, briefly reaching HK$61.45 in June 2025 and pushing its market capitalisation above HK$1.6 trillion.

China’s Ministry of Industry and Information Technology has released regulatory filings confirming Xiaomi’s expanded automotive ambitions. In the 408th catalogue, Xiaomi Automobile Technology Co., Ltd. has been approved to add “extended-range electric passenger vehicles” to its production scope, with manufacturing based at its Beijing Yizhuang factory.