Huami Launches Amazfit GTS, Available in Europe

In response to the announcement, the stock in Huami rose 1% intraday Wednesday.

Belinda Zhou
    Oct 23, 2019 10:00 AM  PT
Huami Launches Amazfit GTS, Available in Europe
author: Belinda Zhou   

China's smart wearables maker Huami Corp. (NYSE: HMI) announced Wednesday the launch of its new smartwatch, first unveiled at the IFA in Berlin last month.

The Shenzhen-based company said in a statement today that its new gadget, the Amazfit GTS, is available in six colors and is water-resistant up to a 50 meters in depth. It is also supplied with functions like smart mobile notifications, find-my-phone, music control via Bluetooth and weather forecast.

Huami also emphasized the smartwatch's silicone strap, at 9.4 mm thin for comfort, and a battery that can last up to 14 days. Its display is at 341 PPI AMOLED, "the highest resolution available in the market." 

The smartwatch was designed to be used in health and fitness to track heart rate, sleep, calorie consumption and other functions, Huami said. 

Huami also announced today it has partnered with U.S. watchmaker Timex Group USA Inc. and the U.K. automotive technology company McLaren Automotive.

In June, the company was among the investors in a $65.4 million Series D fundraising for San Francisco-based SiFive, together with Chengwei Capital, Spark Capital, Osage University Partners and Qualcomm Venutures LLC.

Huami has said it plans to continue investing in its growth strategies such as nationwide expansion, diversification and new product releases.

The newly launched Amazfit GTS is currently available in Germany, the U.K., Russia, Italy and Spain, and will be available in France in November. Last year, 44% of Huami's shipments were made outside China, according to its report.

Huami has been the sole partner of Xiaomi to design and manufacture Xiaomi-branded smart bands, watches, scales and associated accessories. Huami has been backed by U.S. venture capital firms Sequoia Capital, Morningside Venture Capital and Banyan Capital.

Shares in Huami were trading at $9.09 per American depositary share on Wednesday afternoon, up 11 cents.