Reported 1 day ago
Xiaomi Corp. has seen its stock surge by 101% this year, nearing an all-time high as it rapidly enters the electric vehicle market, competing with leaders BYD and Tesla. The company's unexpected sales growth in the EV sector, now accounting for 10% of its revenue, positions it as a formidable player, backed by anticipation for the launch of its new electric SUV model. With plans to double sales by 2025, analysts are optimistic that Xiaomi's EV division may soon surpass its smartphone business as the main driver of growth.
Source: YAHOO