Honestly, if you looked at the 1810 HK stock price a couple of years ago and compared it to where we are today, January 15, 2026, you’d see a completely different animal. Back then, Xiaomi was the "budget phone guy." Now? It’s a legitimate threat to both Tesla and Apple.
The stock closed today at HK$37.86. It’s been a bit of a rollercoaster lately, but today saw a modest green tick of about 0.21%.
You’ve got to realize that the market is finally pricing in something huge: the car.
The Electric Pivot Most People Missed
People thought Lei Jun was crazy for jumping into the EV world. They said the margins would kill the company. But look at the numbers. In 2025, Xiaomi Auto didn't just meet its delivery targets; it absolutely smashed them. They delivered over 410,000 electric vehicles last year. Their original goal was only 350,000.
That kind of execution is why the 1810 HK stock price has found a new floor.
The YU7 SUV is currently the star of the show. In October 2025, it actually outsold the Tesla Model Y in China's domestic retail market. Think about that for a second. A company that started by making "skinny" Android ROMs is now beating Elon Musk in his most important market.
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What’s Driving the Price Right Now?
Investors are currently chewing on a few different things:
- The 2026 Expansion: Xiaomi just announced they want to deliver 550,000 cars this year. That’s a 34% jump.
- New Models: We’re looking at four new releases for 2026, including a facelift for the SU7 and some extended-range SUVs that aim right at the heart of the family market.
- Smartphone Premiumization: They haven't abandoned phones. The Xiaomi 15 Ultra is reportedly doing big numbers in China, helping them keep that 13% global market share they locked down in 2025.
It’s not all sunshine, though. The stock hit a 52-week high of HK$61.45 last year, so at HK$37.86, we’re well off the peaks. Why the drop? Basically, the "front-loading" effect. Everyone bought in early 2025 anticipating the EV success. Now, the market is asking, "Okay, can you actually make money on every car?"
Analysts Are All Over the Map
If you talk to Goldman Sachs, they’re still pretty bullish with price targets floating around HK$53.50. Some other analysts on the street are even more aggressive, whispering about numbers as high as HK$80 if the 2026 model rollout goes perfectly.
But you have to be careful. DBS Bank recently trimmed some earnings forecasts because of "AI-driven memory price hikes." Basically, the chips inside the phones and the cars are getting more expensive to make.
The 1810 HK stock price is caught in this tug-of-war between incredible sales growth and thinning margins due to component costs.
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The "Human" Side of the Trade
I spent some time looking at retail sentiment on platforms like Capital.com. It’s wild—nearly 97% of retail traders were holding "long" positions in late 2025. That’s a lot of people betting on the same side. Usually, when everyone is that certain, a bit of volatility follows.
You also have to consider the Hang Seng index as a whole. Hong Kong tech stocks have been through the ringer lately. Even if Xiaomi is doing great, if the broader market is having a bad day, the 1810 HK ticker usually feels the heat too.
What Most People Get Wrong About Xiaomi
The biggest misconception? That Xiaomi is a hardware company.
It’s actually a software and services company disguised as a hardware shop. Their "Human x Car x Home" ecosystem is finally real. If you own a Xiaomi phone, your car recognizes you. Your lights turn on when you pull into the driveway. Your fridge tells your car if you need milk.
This ecosystem "stickiness" is what Apple has perfected, and Xiaomi is the only Chinese player doing it at this scale. This isn't just about selling a car; it's about owning the user's entire digital life.
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Technicals to Watch
For those who like the charts, the stock is currently hovering near its 20-day and 50-day moving averages. It’s in a "corrective phase."
- Support Level: Watch the HK$36.70 area. If it breaks below that, things might get ugly.
- Resistance Level: It needs to clear HK$41.00 on high volume to prove the bulls are back in charge.
Honestly, the 1810 HK stock price feels like it's waiting for the next big catalyst. That will likely be the Q4 2025 earnings report or the first delivery data for the 2026 SUV models.
Actionable Insights for Investors
If you're watching this stock, you shouldn't just be looking at smartphone shipments anymore. Those are the "old" Xiaomi.
- Monitor the "Extended Range" (EREV) Rollout: Pure EVs are great, but the market in China is moving toward extended-range vehicles for long-distance travel. If Xiaomi's new EREV SUVs hit, the stock could retest those HK$50 levels.
- Watch Component Costs: Keep an ear out for news on memory chip prices and battery raw materials. These will dictate whether Xiaomi's EV division stays profitable or slips back into the red.
- Check the 15 Ultra Sales: High-end phones have better margins. If Xiaomi can keep moving the Ultra series, they can subsidize their aggressive EV pricing.
The company is no longer a "fast follower." It's a leader in a very crowded room. Whether that translates to a sustained rally for the 1810 HK stock price depends on how well they manage the massive scale they've just achieved. Growing from 100k cars to 500k cars in two years is a logistical nightmare—if they pull it off, the current price might look like a bargain in retrospect.
Keep a close eye on the China Passenger Car Association (CPCA) reports coming out later this month. Those will provide the hard data on December's record-breaking deliveries and set the tone for the rest of the quarter.
The stock remains a high-beta play on the future of integrated tech, and for now, the market seems content to wait and see if Lei Jun can pull off his second miracle.
To stay ahead of the curve, you should track the weekly insurance registration data for the YU7 in China; this is often the most accurate "real-time" indicator of demand before official monthly reports are released. Furthermore, watching the HKD/USD exchange rate is vital as it directly impacts the valuation of Hong Kong-listed equities for international investors.