Group 1 - Xiaomi's cumulative vehicle deliveries have exceeded 600,000 units, achieving this milestone in just 22 months, setting a new industry growth record [3][4] - The first-generation Xiaomi SU7 has been the main delivery model, with a total of 381,000 units delivered. The new Xiaomi YU7 has become the best-selling model in the Chinese market for January [7] - Upcoming models such as the new SU7, YU7 GT, and a six-seater SUV are expected to further impact the automotive market positively [8] Group 2 - The Supreme People's Court has clarified that "driver assistance cannot replace the driver as the main entity responsible for driving." This ruling emphasizes that the driver remains responsible for ensuring safety even when using advanced driver assistance systems [5][9] - The court's guidance indicates that activating driver assistance features does not absolve the driver of responsibility, especially in cases where unauthorized modifications are made to the vehicle [9]

7 February 2026 | 1:40AM HKT Equity Research Xiaomi Corp. (1810.HK): New YU7 GT model filed with MIIT; Expect official launch around mid-2026 to further enrich product lineup; Buy On Feb 6, Xiaomi filed its new YU7 GT model with the Ministry of Industry and Information Technology (MIIT), which is a premium, high-speed performance variant as part of its YU7 product lineup. According to the filing, the YU7 GT model features a lower, longer, and wider stance (dimensions 5015/2007/1597mm) compared to the existi ...

Group 1 - The core viewpoint of the article is that the pre-sale of the SU7 model will drive an increase in Xiaomi's orders, with subsequent catalysts being the official launch of the SU7 and the introduction of the YU7 GT to the market [1] Group 2 - Citi has set a target price of HKD 50 for Xiaomi and has rated the stock as "Buy" [1]

Group 1 - The core issue revolves around the marketing practice of using large fonts for attractive claims while hiding important disclaimers in small fonts, which has led to consumer frustration and distrust [2][39][50] - A recent commentary by Xinhua criticized this practice, coining the phrase "big words attract attention, small words disclaim responsibility," highlighting the industry's tendency to mislead consumers [39][40] - The controversy was ignited by Xiaomi's promotional materials for the Xiaomi 17 Pro, which prominently featured the phrase "King of Backlight" in large text, while a small disclaimer stated it was merely a design goal [6][43][45] Group 2 - Xiaomi's marketing strategy has been scrutinized for using similar tactics across multiple promotional materials, leading to public backlash and increased scrutiny from consumers [8][46] - The issue is not unique to Xiaomi; industry figures like Luo Yonghao have pointed out that such practices are common in the smartphone sector, where companies often use small disclaimers to mitigate legal risks [50][54] - The company has begun to adjust its marketing approach, as seen in the recent promotion of its Xiaomi HAD enhanced driving assistance system, which now includes clear disclaimers in larger text [50][54] Group 3 - Xiaomi has experienced significant growth, with its automotive division achieving record sales, including the fastest record for a new energy vehicle company to reach 500,000 units [60][61] - Financial results for Q3 show Xiaomi's revenue at 113.1 billion yuan, a 22.3% year-over-year increase, with adjusted net profit rising 80.9% to 11.3 billion yuan [61] - Despite the positive financial performance, controversies surrounding product marketing and consumer trust issues continue to pose challenges for the company [62][66] Group 4 - Legal challenges have emerged, including a lawsuit from over 100 customers regarding alleged false advertising related to the Xiaomi SU7 Ultra, which is currently under judicial review [63][64] - A recent court ruling ordered Xiaomi to refund double the deposit to consumers for unfulfilled vehicle deliveries, signaling potential implications for the company's sales practices [66] - The shifting public perception of Xiaomi and its founder Lei Jun reflects the dual challenges of rapid growth and the need for transparent marketing practices [70][71]