Goldman Sachs said Xiaomi (01810.HK) launched Sky Nomad N70 Pro, N70 Max and N90 Max extended-range models; official prices for the N70 Max and N90 Max are RMB20,000 and RMB30,000 below pre-sale levels. Sky Nomad logged over 10,000 locked orders within four minutes, reinforcing Goldman’s bullish view on volumes and gross margins. Goldman says Xiaomi’s tightly curated SKU strategy should provide flexibility versus future competition and flagged the company’s planned order disclosure next month as

Goldman Sachs said Xiaomi (01810.HK) launched Sky Nomad N70 Pro, N70 Max and N90 Max extended-range models; official prices for the N70 Max and N90 Max are RMB20,000 and RMB30,000 below pre-sale levels. Sky Nomad logged over 10,000 locked orders within four minutes, reinforcing Goldman’s bullish view on volumes and gross margins. Goldman says Xiaomi’s tightly curated SKU strategy should provide flexibility versus future competition and flagged the company’s planned order disclosure next month as a near-term data point. The bank maintains 2026 and 2027 vehicle sales forecasts at 80,000 and 350,000 units and keeps EV gross-margin forecasts at 19–20%. Goldman maintains an upgrade rating and a HK$39 price target.