Short-term bearish, long-term bullishShould be about to reverse, equivalent to spending money to get things done, paying more taxesLimited car models, meaning yu9 will be released before November 30

Next year, this expenditure will be at least 2 billion more, reducing profits$XIAOMI-W(01810.HK)

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

Xiaomi Auto has launched a purchase tax subsidy plan to address the issue of unexpected order volume and year-end delivery problems. Owners who complete their order lock by November 30, 2025, and whose vehicles are delivered in 2026 due to reasons attributable to Xiaomi Auto, will be eligible for the purchase tax subsidy. This applies to models such as the Xiaomi SU7 series and YU7 series, with the subsidy provided through a reduction in the final payment for the vehicle, capped at a maximum of 15,000 yuan, ensuring that owners do not incur additional expenses due to changes in purchase tax policies