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Xiaomi bets big on its new electric vehicle — targets 20 million premium users - TL;DR CNBC

Xiaomi bets big on its new electric vehicle — targets 20 million premium users

Publishing timestamp: 2024-02-26 02:00:25


Summary

Xiaomi is putting a premium price on its first electric car, targeting a niche of 20 million premium users in China. The company is confident in its ecosystem strategy and plans to enter the fiercely competitive electric car market. Xiaomi's focus on premiumization and ecosystem development is key to its future growth, both domestically and internationally.


Sentiment: MIXED

Tickers: NIO1211-HK9866-HKAAPLZE594-CN1810-HK

Keywords: marketsstock marketsmarket insiderbyd co ltdtechnologyxiaomi corpbreaking news: technologybusiness newsapple incautosnio inc

Source: https://www.cnbc.com/2024/02/26/xiaomi-bets-on-new-ev-su7-targets-potential-20-million-premium-users.html


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