Xiaomi (HKEX: 1810; OTC: XIACY) is one of the few companies testing humanoid robots on its own car assembly line, and in August 2026 it unveiled a new full-size humanoid to prove it is serious. But for investors the honest answer to "is Xiaomi a robot stock?" is: not yet. Its robots earn no outside revenue, while phones and EVs bring in more than 100 billion yuan a quarter. This page sizes the robot program against the rest of Xiaomi and explains what would make it matter. For direct humanoid stocks and suppliers, see our hub on Tesla Optimus stocks: suppliers and humanoid makers.
- Tickers: 1810 (Hong Kong), XIACY (US OTC ADR).
- Robot: new 1.70 m, 66-DoF humanoid shown Aug 19, 2026; successor to 2022's CyberOne.
- Factory test: 90.2% nut-loading success in a 76-second cycle, later 98%.
- Robot revenue: none reported; Q2 2026 group revenue RMB 108.9B.
- Goal: "a large number" of humanoids in Xiaomi factories within five years.
Xiaomi Stock Snapshot
| Item | Value |
|---|---|
| Company | Xiaomi Corporation (Beijing) |
| Ticker / exchange | 1810 · Hong Kong (Xiaomi-W, weighted voting rights) |
| US access | XIACY, over-the-counter ADR |
| Q2 2026 revenue | RMB 108.9B (-6.1% YoY) |
| Q2 2026 adjusted net profit | RMB 6.2B (-42.6% YoY) |
| Humanoid program | CyberOne (2022), new-generation humanoid (Aug 2026), prototype |
| Next catalyst | Q3 2026 results, expected in November |
Financials from KrASIA. We could not verify a reliable closing price for early November 2026; check a live quote for 1810 before acting.
From CyberOne to a Factory Humanoid
Xiaomi started its humanoid project in 2021. The first CyberOne, shown in 2022, had just 21 degrees of freedom and was mainly a technology demonstrator. The program changed purpose once Xiaomi began building cars: a robot that can work on its own EV line has an obvious internal customer. Key steps, per 36Kr:
- 2022First-generation CyberOne (21 DoF), mostly for technical validation.
- Dec 2025Lei Jun says humanoids will be deployed across Xiaomi's factories within five years (TechNode).
- Mar 2026Humanoids start an "internship" at the Xiaomi car factory (TechNode).
- Jul 2026Factory work video released; Xiaomi-Robotics-1 model tops two robotics benchmarks, according to Lei Jun.
- Aug 19, 2026New-generation humanoid unveiled at the World Robot Conference: ~1.70 m, 66 kg, 66 DoF (33 in the hands).
What the Robots Actually Did in the EV Plant
Xiaomi published unusually specific factory numbers, which makes it possible to judge progress rather than videos:
| Task | Result |
|---|---|
| Self-tapping nut loading (die-casting) | 3 hours autonomous, 90.2% success at a 76-second cycle; later 98% two-handed |
| Center console side cover sorting | ~90% success |
| Plastic box folding and recycling | ~90% success |
Lei Jun himself framed the gap: in a factory, "10,000 tasks must be successful every time." A 90% success rate means a human or another machine must fix one task in ten, so these robots are still interns, not workers. The trend is the point: four months of training took one job from 90.2% to 98%. The robot runs on Xiaomi's open-sourced VLA model, Xiaomi-Robotics-0, and uses its own Mi-Sense depth vision.
Why the car plant matters: like Tesla, Xiaomi can train robots in its own factories on real production tasks without needing an outside buyer. That is the same strategic edge carmakers such as XPeng and Hyundai (Boston Dynamics) are betting on.
How Small Robots Are Next to Phones and EVs
Xiaomi's Q2 2026 results show where the money is (KrASIA):
| Segment (Q2 2026) | Revenue | Note |
|---|---|---|
| Smartphones | RMB 42.1B | -7.5%; shipments 31.2M (-26.5%); margin 8.5% |
| Smart EVs | RMB 23.9B | 104,199 cars delivered (+28.2%) |
| EV, AI and new initiatives total | RMB 24.9B | operating loss RMB 2.6B |
| Humanoid robots | Not reported | no external revenue |
| Group | RMB 108.9B | -6.1%; adjusted net profit RMB 6.2B |
The robot program is funded out of R&D, which reached RMB 9.23 billion in Q2 alone, and Xiaomi has said it will spend over RMB 600 billion on AI over three years, with embodied intelligence one of the focus areas (36Kr). Even if Xiaomi eventually sells robots, it would take tens of thousands of units a year to move group revenue by a few percent. A memory-chip cost squeeze on phones and EV losses are the forces moving the stock in 2026.
Xiaomi vs Tesla Optimus
The strategies are similar: build robots, prove them in your own car plant, then sell them. The difference is commitment. Tesla says Optimus production has started in Fremont and plans outside sales in 2027 (TechCrunch); Xiaomi still calls its humanoid a prototype and has given no production or sales date, only the five-year factory goal. On hardware, both companies are putting much of their effort into dexterous hands (Xiaomi's new robot has 33 of its 66 degrees of freedom in the hands); see Optimus degrees of freedom and actuators and Optimus hardware specs. For investors, Optimus is central to Tesla's valuation; at Xiaomi the robot is a side project.
Key Risks
- No commercial plan: no price, volume or customer for the humanoid.
- Core business pressure: phone shipments fell 26.5% in Q2 2026 and adjusted profit fell 42.6%.
- EV losses: the new-initiatives segment lost RMB 2.6 billion in Q2.
- Competition: UBTech, Unitree and XPeng are further along in selling humanoids in China.
- US-China tensions affecting Chinese tech stocks and robot exports.
How to Buy Xiaomi Stock
- Hong Kong: buy 1810 through any broker with HKEX access; it is also available to mainland investors via Stock Connect.
- US OTC: the XIACY ADR trades over the counter in dollars; spreads can be wider than in Hong Kong.
- ETFs: Xiaomi is a common holding in China tech and Hang Seng Tech funds. For humanoid-specific funds, see our humanoid robot stocks guide.
This article is for information only and is not investment advice.
FAQ: Xiaomi Robot Stock
Does Xiaomi make a humanoid robot?
Yes. Xiaomi released the first-generation CyberOne in 2022 and unveiled a new-generation full-size humanoid at the World Robot Conference on August 19, 2026. The new robot is about 1.70 m tall, weighs 66 kg and has 66 degrees of freedom, 33 of them in the hands. It is still described as a prototype.
Is Xiaomi using humanoid robots in its EV factory?
In trials. Xiaomi's humanoid spent about four months training in its car factory. It loaded self-tapping nuts in the die-casting workshop for three hours autonomously at a 90.2% success rate within a 76-second cycle, later raised to 98% for two-handed operation, and sorted parts at about 90% success.
How much revenue do Xiaomi's robots make?
None that Xiaomi reports separately. The robot program has no independent external revenue; its value so far is internal automation and technology. For comparison, Xiaomi's smart EV business alone brought in RMB 23.9 billion in Q2 2026.
What is Xiaomi's stock ticker?
Xiaomi trades in Hong Kong under 1810 (Xiaomi-W). US investors can also find an over-the-counter ADR, XIACY. There is no separate robot stock.
Is Xiaomi a good way to invest in humanoid robots?
Only marginally. Robots are a research program inside a company driven by smartphones, EVs and appliances. Xiaomi gives you exposure to a credible humanoid effort, but its share price will move on phone margins and EV deliveries. This is not investment advice.
The Bottom Line
Xiaomi has one of the more credible in-house humanoid programs in China, with measured factory results and a new 66-DoF robot. It is not a robot stock: the humanoid has no revenue, and phones and EVs set the share price. Buy Xiaomi for its consumer and EV business, and count the robot as a free option. We will revisit this page if Xiaomi announces a production plan or outside sales.
Sources: 36Kr (Aug 20, 2026), KrASIA (Q2 2026 results, Aug 2026), TechNode (Mar 3, 2026), TechNode (Dec 1, 2025), TechCrunch (Oct 21, 2026). Not investment advice. Last fact-check: November 10, 2026.
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