6 days ago
Shares of China's Xiaomi surge after launch of electric vehicle YU7
SHANGHAI, June 27 (Reuters) - Hong Kong-listed shares of Xiaomi ( opens new tab opened up 8% on Friday, after the launch of a new electric car model.
The shares were up roughly 5% in early trading, after the Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla's (TSLA.O), opens new tab Model Y.
