Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV
Publishing timestamp: 2024-04-02 04:09:47
Summary
Xiaomi's new electric car SU7 priced $4000 less than Tesla's Model 3, leading to surge in stock price. Other Chinese EV companies like Li Auto, Nio, and Xpeng trimmed delivery forecasts, while BYD remains industry giant. Growth of new energy vehicles in China showing signs of slowing.
Sentiment: MIXED
Tickers: ZE594-CN, LI, TSLA, 1211-HK, 9866-HK, XPEV, NIO, 1810-HK, 9868-HK, 2015-HK,
Keywords: markets, business news, stock markets, tesla inc, byd co ltd, li auto inc, xiaomi corp, breaking news: technology, market insider, autos, nio inc, technology, breaking news: asia, xpeng inc,