Xiaomi’s EV Launch Boosts Market Value By $4 Billion

Xiaomi's Electric Vehicle Launch Causes Stock Surge Amid High Demand

Shares of China's Xiaomi experienced a significant surge, climbing as much as 16% on Tuesday, following the launch of its electric vehicle (EV), which has garnered substantial interest. Despite a brokerage's prediction that Xiaomi would incur a loss of nearly $10,000 per car this year, investor enthusiasm led to a noteworthy increase in the company's market value.