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Xiaomi jumps on higher EV monthly delivery; Xpeng rises

By Reuters News

** Shares of Xiaomi Corp 1810.HK surge 7.4% to HK$28.44, their highest point since September 4

** Stock on track for biggest one-day pct gain since October 9

** Top pct gainer on benchmark Hang Seng Index .HSI, which gains 0.5%

** Xiaomi said on Sunday it delivered more than 50,000 EVs in October, the highest monthly total this year, as it ramps up production to meet its 2026 target

** Hong Kong stock of rival Xpeng 9868.HK climbs 5.8% to HK$37.66, the highest level since October 21, after the EV maker says it delivered 22% more vehicles in October vs September

** YTD, Xiaomi stock down 28.4%, Xpeng down 53.3%, and Hang Seng TECH Index .HSTECH down 30.3%

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