Xiaomi's Electric Vehicle Orders Propel Stock Surge in Hong Kong
By
Lars Holmberg
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Xiaomi Corp. experienced a significant surge in Hong Kong as orders for its inaugural electric vehicle surpassed expectations. This positive development has ignited hope for the smartphone manufacturer's prospects in China’s fiercely competitive car market. Initially, the shares soared by as much as 16% before moderating gains on the initial day of trading following the launch of Xiaomi's cars. The company confirmed that it garnered orders for nearly 90,000 units within 24 hours, further contributing to the bullish sentiment surrounding its foray into the electric vehicle segment.