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Cars News: In a strategic move to diversify beyond its core smartphone business, Xiaomi ventured into the EV domain, a plan initially announced in 2021. The prod
(Bloomberg) -- Xiaomi Corp.’s shares had their biggest intraday jump in more than a year after the company announced it will start selling its long-awaited electric vehicles this month.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksChina Has Never Canceled This Many Shipments of US WheatThe Beijing-based electronics firm, best known for its smartpho
The launch comes as a cut-throat price war intensifies in the world's biggest car market.
The firm's shares soared nearly 10 percent by midday in Hong Kong, where the firm is listed
BEIJING: Chinese electronics giant Xiaomi will start deliveries of its first electric vehicle by the end of March,...