Reported 1 day ago
Xiaomi Corp. is approaching a historic stock high after its shares more than doubled this year, fueled by a rapid expansion into the electric vehicle (EV) market. This growth follows a strong sales performance and expectations for new model launches, positioning Xiaomi to compete against established leaders like BYD and Tesla. As analysts remain optimistic about its prospects, Xiaomi's EV division is projected to play a crucial role in its revenue growth, potentially surpassing its smartphone business by 2025.
Source: YAHOO