" Shares of China’s Xiaomi surged as much as 16% on Tuesday as Xiaomi SU7, electronics maker’s sporty electric vehicle, launched last week drew strong interest, though a brokerage forecast the firm would lose nearly $10,000 per car this year.
The stock touched its highest since January 2022 on the first day of trading since…
" China’s Xiaomi is advising potential buyers of Xiaomi SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle.
The maker of smartphones and other consumer electronics began taking orders on Thursday and said pre-orders hit 88,898 in the first 24 hours.…
" He was called China’s answer to Steve Jobs for taking Xiaomi from scrappy startup to an electronics giant known for its smartphones. With the launch of a much-hyped and against-the-odds electric car, Xiaomi SU7, Lei Jun, Xiaomi’s co-founder and CEO, is taking on Elon Musk with a strategy that takes a page from…
" Xiaomi’s CEO said on Monday that his firm’s first electric vehicle aims to be the “best looking, easiest to drive and smartest car” priced below 500,000 yuan ($69,424), as the Chinese electronics maker gears up for orders this week.
The company will on Thursday evening announce its official price range and start taking orders…