Chinese electronics manufacturer: New electric car drives Xiaomi shares higher. Xiaomi increased its market value by around $7.6 billion to $55 billion on the first day of trading after unveiling the car.
Analysts believe Xiamoi will be able to assert itself in the highly competitive electric car market in China with the sporty “Speed Ultra 7” model. In 2024, around 240 electric models will be vying for customers in China in the segment between 200,000 and 300,000 yuan (25,000 to 39,000 euros)