$1810 (+2.98%)
Xiaomi

Launch of a new EV model in Q1

Xiaomi Corp, which launched its first electric vehicle model SU7 this year, plans to launch its second EV model in February or March next year to compete with Tesla's Model Y, Chinese magazine Caijing reported, citing an insider close to the company

Xiaomi said on Monday it aims to deliver 130,000 electric cars this year, raising its forecast for the third time, while the automaker reported a 30.5 percent jump in third-quarter sales

Xiaomi shares rise 80.5%, YTD

The stock is the second-biggest gainer in the Hang Seng China Enterprises Index and the third-biggest gainer in the Hang Seng Index and Hang Seng Tech Index , falling 1.4%, 1.3% and 1.2% respectively