Xiaomi’s 101% Rally Puts EV Dark Horse on Brink of Stock Record
- ‘Few believed’ EV push would succeed: Huatai Asset HK’s Feng
- Launch of YU7 SUV in 2025 could provide next big stock boost
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Xiaomi Corp. is rapidly closing in on a new all-time-high share price, having cracked the crowded market for electric vehicles in a repeat of its earlier success with smartphones.
Its stock has surged 101% this year, outpacing global peers, on the company’s surprisingly quick rise in China’s EV market to challenge leaders BYD Co. and Tesla Inc. The next big leg up may come as Xiaomi prepares for the possible summer launch of its next model, a pure electric sport utility vehicle.