REAL-TIME GLOBAL RESEARCH
Auto Tech Day launches SkyNomad Quick Note
Research evidence excerpt
Auto Tech Day launches SkyNomad Quick Note
Global Markets Research
Xiaomi Corporation 1810.HK 1810 HK 30 July 2026
EQUITY: TECHNOLOGY
RatingAuto Tech Day launches SkyNomad Remains Neutral
Target price HKD 33.00 RemainsQuick Note
Closing price HKD 31.04 30 July 2026SkyNomad takes Xiaomi into EREVs; first step into extended-range
Xiaomi held its second Auto Technology Day on 30 July, launching SkyNomad (澎程) as a
second model series alongside SU7/YU7 and marking its first move from pure battery
electric vehicles (BEV) into extended-range electric vehicles (EREV). The event centered Research Analysts
on the Kunlun technology architecture and unveiled two models: the N90 Max, a large China Technology
seven-seat flagship SUV (5,285mm length, 3,080mm wheelbase), and the N70 Max, a Donnie Teng - NIHK
large five-seat four-wheel-drive SUV (4,960mm, 2,950mm). Per management, the series donnie.teng@nomura.com
carries a maximum 76kWh CALB (3931 HK, Not rated) ternary pack, CLTC (China light- +852 2252 1439
duty vehicle test cycle) pure-electric range of up to 505km, and a 1,499cc range extender Anne Lee, CFA - NITB
from Dongan (600178 CH, Not rated) rated at 112kW net power; management cited anne.lee@nomura.com
depleted-battery fuel consumption of 5.7L/100km. Xiaomi backstopped durability claims +886(2) 21769966
with 626 days of road testing, 566 test vehicles, and 4.28mn km of accumulated mileage. Frank Fan - NIHK
Unlike the SU7 playbook, pricing was disclosed, with launch and deliveries guided for frank.fan@nomura.com
September. +852 2252 2195
N90 Max and N70 Max priced below expectations at CNY299.9k and CNY259.9k, China Autos & Auto Parts
respectively; peers under pressure Joel Ying, CFA - NIHK
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