Xiaomi Pushes Global Ambitions with Adyen and Recycled Aluminium, But Stock Charts Still Bleed Red

The Chinese technology giant is pressing ahead on two fronts — payments infrastructure and materials innovation — even as its equity continues to trade deep in the red. Xiaomi has integrated Adyen’s payment platform across 18 strategic markets, including the European Union, Japan and the United Arab Emirates, while its auto division unveiled a fully recycled aluminium alloy for structural car-body components. Yet neither development has stirred much enthusiasm among investors, who remain fixated on a persistent downtrend.

The Adyen tie-up is designed to smooth the path for Xiaomi’s global expansion by connecting online sales with local retail in a single payment layer. The move directly supports the company’s plan to bring its electric vehicles to Europe in 2027. Meanwhile, the new alloy — branded “Titan Alloy 2.0” — is being deployed in structural safety zones of gigacast rear-floor assemblies. Xiaomi claims it is the first domestic application of a 100% recycled alloy in such a high-stress area, with a certified carbon-emission value of just 1.1 kgCO₂e per kilogram, representing a 93% reduction versus conventional primary aluminium.

The material enters a multi-stage process: a five-step pretreatment, followed by melting and composition refinement, then direct feeding into automated gigacasting lines. Internal X-ray diagnostics and validation by a panel from the China Machinery Industry Federation confirm the structural integrity. Xiaomi intends to roll out the alloy across its main models as it scales vehicle production.

Yet the sales numbers for its existing line-up tell a more cautious story. The Xiaomi SU7 recorded 24,023 deliveries in May 2026, a drop of 10.4% month-on-month and 14.2% year-on-year, while holding a 73.3% share of the brand’s total EV volume. The newer YU7 model contributed 8,736 units, or 26.7% of the monthly total. The slide in SU7 sales suggests that technological advances alone are not yet shifting momentum in the core model.

Should investors sell immediately? Or is it worth buying Xiaomi?

The stock has clawed back slightly from its 52-week low of €2.34, reached on 26 June 2026. At the close on Friday, Xiaomi shares stood at €2.65, a 13.2% bounce from that trough. On a weekly basis, that represented a 7.94% gain, but the 30-day performance remained negative at minus 13.11%. The year-to-date decline stands at 40.98%, and over the past twelve months the shares have lost 57.78% of their value. The distance from the 52-week high of €6.51, set on 25 September 2025, is still 59.29%.

Technical indicators paint a picture of a stock stuck in a downtrend. The 50-day moving average sits at €3.06 and the 200-day average at €3.97 — implying the shares are trading 33.24% below the longer-term benchmark. The relative strength index of 40.5 points to neither overbought nor oversold conditions, while the annualised 30-day volatility remains elevated at 34.72%.

Beyond the EV unit, headwinds persist in Xiaomi’s core smartphone business, where rising memory-chip costs continue to squeeze margins. The company’s hyperOS 4 platform, scheduled for an August 2026 launch with a revamped interface and new AI features, is meant to bolster the ecosystem, but the market has so far shrugged off the software news.

For now, the combination of a global payment infrastructure deal and a breakthrough in recycled materials — while meaningful for the long-term strategy — has failed to alter the immediate narrative on the charts. Investors appear to be waiting for more concrete evidence that operational progress can translate into sustained earnings momentum before stepping back in.