The latest YU7 milestone strengthens Xiaomi’s position in the high-performance electric vehicle market, following extensive testing and development, as it looks to continue exploring innovations in pure electric technology.
Furthermore, Xiaomi’s shares have surged approximately 340% from a February 2024 low, adding more than $10 billion to its market value. The company gained investor confidence by replicating its smartphone success in China’s electric vehicle market, and now it needs to prove that its share performance is warranted, amidst market caution.