No, that was not a successful start to the new stock market week for Xiaomi. In the very first minutes of trading in Frankfurt, the shares of the Chinese technology group fell by more than two percent below the 2.70 euro mark. The Xiaomi share is still slightly up for the week, but the monthly minus is around five percent. Will the mood change again in the coming week?
What will Xiaomi present?
Because on September 15, Xiaomi will present new products in a global launch event. Since this date was also posted on the German Twitter account of the manufacturer, it is certain that the products shown will also be available in stores here, according to Netzwelt. However, it is still unclear which devices we can expect, but there are “of course some assumptions”, it says.The IPad competitor, the Mi Pad 5, is a strong favorite. The tablet is currently only available in China.
The second likely option is the Xiaomi Mi 11T, according to chinahandys.net. So far, however, hardly any specifications on the smartphone have been leaked to the public. “It is considered certain that the devices will come with a 120Hz OLED display, there is also speculation about 120 watts of fast charging as well as a Snapdragon 888+ in the Pro model and a 64MP triple camera as well as a MediaTek chip in the regular version,” the report said.
Xiaomi plans electric cars
Xiaomi could certainly use impetus from its core business. In any case, its foray into electric mobility failed to euphorize investors. Last week, the company had its subsidiary Xiaomi Auto officially registered. Xiaomi wants to invest the equivalent of around 1.3 billion euros initially. However, there is no timetable yet for when Xiaomi’s first e-car will be launched.