Shares of China's Xiaomi surge after launch of electric vehicle YU7
Published: 27 Jun. 2025, 16:53
![A shopper views the new electric SUV YU7 at a Xiaomi store in Beijing on May 29. [REUTERS/YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/06/27/ae8037c9-4280-480a-a6f6-0013b2a7d5cd.jpg)
A shopper views the new electric SUV YU7 at a Xiaomi store in Beijing on May 29. [REUTERS/YONHAP]
Hong Kong-listed shares of Xiaomi opened up 8 percent on Friday after the launch of a new electric car model.
The shares were up roughly 5 percent in early trading, after the Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV at 253,500 yuan ($35,364), almost 4 percent below Tesla's Model Y.
Reuters
with the Korea JoongAng Daily
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